Yatesboro, Pennsylvania Property Taxes
The median property tax rate in Yatesboro, PA is 2.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Yatesboro, the typical annual property tax bill reaches $1,589, which, while lower in dollar amount, still represents a significant portion of the home value compared to the national median of $2,690. Property taxes in Yatesboro are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Yatesboro's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Yatesboro or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yatesboro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$1,589
Ownwell’s Yatesboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yatesboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yatesboro to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Yatesboro, Pennsylvania
Property taxes in Yatesboro, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yatesboro is 1.16%, higher than both the Pennsylvania state median of 1.36% and the U.S. national median of 0.99%. Local government entities within Yatesboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yatesboro estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Yatesboro's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, 16263 has the highest median property tax rate of 1.16%, while 16249 has the lowest median tax rate of 1.16%. Understanding how these cities compare with Yatesboro provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Yatesboro Tax Rate
2.83%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yatesboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16249 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
| 16263 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Yatesboro, Pennsylvania
In Yatesboro, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Armstrong County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Yatesboro, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. The zip code with the highest median tax bill is 16263 at $1,591, while the lowest is 16249 at $1,364. Being aware of these valuation processes in Yatesboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yatesboro Assessed Value
$56,150
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Yatesboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16249 | $48,150 | $48,150 | $48,150 | $48,150 | $48,150 |
| 16263 | $37,412 | $49,710 | $56,220 | $65,080 | $80,040 |
Source: Ownwell
Property Tax Bills Across Yatesboro, Pennsylvania
In Yatesboro, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Yatesboro is $56,150, and homeowners can expect their tax bills to vary depending on their property's assessed value and the specific tax rate applied. For instance, tax bills in the 25th percentile are around $1,401, while those in the 75th percentile reach approximately $1,843. At the higher end, the 90th percentile tax bills can go up to $2,175. The highest median tax bill in the area is $1,591, found in zip code 16263, whereas the lowest is $1,364 in zip code 16249. These figures illustrate the range of property tax burdens homeowners might face, influenced by factors such as property value and location within Yatesboro. Compared to the national median property tax rate of 0.99%, Yatesboro's property tax rates reflect the unique economic landscape of Armstrong County.
Average Yatesboro Tax Bill
$1,589
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yatesboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16249 | $1,364 | $1,364 | $1,364 | $1,364 | $1,364 |
| 16263 | $1,071 | $1,407 | $1,591 | $1,843 | $2,179 |
Source: Ownwell