Industry, Pennsylvania Property Taxes
The median property tax rate in INDUSTRY, PA is 5.38%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in INDUSTRY at $46,050, the typical annual property tax bill reaches $2,488, which is slightly below the national median of $2,690. Property taxes in INDUSTRY 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 INDUSTRY'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 INDUSTRY 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
Industry, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.38%
Estimate Property Tax Bill
$2,477
Ownwell’s INDUSTRY Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in INDUSTRY with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in INDUSTRY 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 Industry, Pennsylvania
Property taxes in INDUSTRY, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in INDUSTRY is 5.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within INDUSTRY set these rates annually, and they can vary significantly across different neighborhoods. Each year, INDUSTRY 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 INDUSTRY's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15052 zip code has the highest median property tax rate of 5.38%, while the same zip code also has the lowest median tax rate of 5.38%. Understanding how these cities compare with INDUSTRY 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 Industry Tax Rate
5.38%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Industry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15052 | 5.35% | 5.35% | 5.38% | 5.38% | 5.38% |
Source: Ownwell
Property Tax Assessment Values Across Industry, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in INDUSTRY, PA. 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 INDUSTRY, 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. For instance, the median home price in INDUSTRY is $46,050, with tax bills ranging from $1,887 at the 25th percentile to $3,878 at the 90th percentile. The highest median tax bill is $2,488 in the 15052 zip code, which also has the lowest median tax bill of $2,488. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Industry Assessed Value
$46,050
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 Industry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15052 | $23,410 | $35,000 | $46,050 | $57,300 | $72,000 |
Source: Ownwell
Property Tax Bills Across Industry, Pennsylvania
In INDUSTRY, located in Beaver County, PA, property tax bills are calculated based on the assessed value of the home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in INDUSTRY can expect their tax bills to vary significantly depending on the assessed value of their property. For instance, the median home price in the area is $46,050. The property tax rate in Beaver County is applied to this assessed value to determine the annual tax bill. Homeowners in the 25th percentile can expect to pay around $1,887, while those in the 75th percentile might see bills as high as $3,080. For properties in the 90th percentile, tax bills can reach up to $3,878. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners in INDUSTRY to understand how their local rates and assessed values impact their annual financial obligations. This understanding helps homeowners budget effectively and anticipate future tax liabilities.
Average Industry Tax Bill
$2,488
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Industry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15052 | $1,270 | $1,887 | $2,488 | $3,080 | $3,878 |
Source: Ownwell