Georgetown, Pennsylvania Property Taxes
The median property tax rate in Georgetown, PA is 4.75%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Georgetown at $52,700, the typical annual property tax bill reaches $2,537, which is below the national median of $2,690. Property taxes in Georgetown 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 Georgetown'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 Georgetown or another part of Beaver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Georgetown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.75%
Estimate Property Tax Bill
$2,503
Ownwell’s Georgetown Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Georgetown with just two data inputs. By entering your property's estimated assessed value, the calculator applies the median tax rate in Georgetown to provide an estimate of your property tax bill. This valuable tool helps you gauge potential tax liabilities effectively. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Georgetown, Pennsylvania
Property taxes in Georgetown, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Georgetown is 4.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Georgetown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Georgetown 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 Georgetown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15043 zip code has both the highest and lowest median property tax rate of 4.75%. Understanding how these cities compare with Georgetown provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Georgetown Tax Rate
4.75%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Georgetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15043 | 4.75% | 4.75% | 4.75% | 4.95% | 4.95% |
Source: Ownwell
Property Tax Assessment Values Across Georgetown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Georgetown, Pennsylvania. 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 Beaver 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 Georgetown, 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. Notably, the zip code 15043 has both the highest and lowest median tax bill, valued at $2,537. Being aware of these valuation processes in Georgetown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Georgetown Assessed Value
$52,700
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Georgetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15043 | $17,300 | $32,800 | $52,700 | $75,600 | $104,592 |
Source: Ownwell
Property Tax Bills Across Georgetown, Pennsylvania
In Georgetown, Beaver County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county's assessment office. The assessed value is a percentage of the market value of the home. Local taxing authorities, such as school districts, municipalities, and the county itself, apply their respective tax rates to this assessed value. The sum of these taxes forms the total property tax bill for the homeowner. Several factors influence the final tax bill, including the assessed value of the property, the local tax rates, and any applicable exemptions or abatements. For instance, the median home price in Georgetown is $52,700, leading to a tax bill that can vary significantly. At the 25th percentile, homeowners might pay around $1,564, while at the 75th percentile, the tax bill could be as high as $3,649. This variation can impact homeowners differently, with higher-valued properties facing steeper tax bills, such as those reaching $5,015 at the 90th percentile. Understanding these factors is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Georgetown Tax Bill
$2,537
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Georgetown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15043 | $836 | $1,564 | $2,537 | $3,649 | $5,015 |
Source: Ownwell