Koppel, Pennsylvania Property Taxes
The median property tax rate in Koppel, PA is 5.85%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Koppel at $31,200, the typical annual property tax bill reaches $1,807, which is below the national median of $2,690. Property taxes in Koppel are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Koppel'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 Koppel 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
Koppel, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.85%
Estimate Property Tax Bill
$1,825
Ownwell’s Koppel Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Koppel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Koppel to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. 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 Beaver County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Koppel, Pennsylvania
Property taxes in Koppel, Pennsylvania, play a crucial role in financing essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Koppel is 5.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Koppel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Koppel 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 Koppel's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16136 zip code has the highest median property tax rate of 5.85%, while the same 16136 zip code also has the lowest median tax rate of 5.85%. Understanding how these cities compare with Koppel 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 Koppel Tax Rate
5.85%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Koppel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16136 | 5.85% | 5.85% | 5.85% | 5.85% | 5.85% |
Source: Ownwell
Property Tax Assessment Values Across Koppel, Pennsylvania
In Koppel, 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 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 Koppel, 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. Being aware of these valuation processes in Koppel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $1807 in the 16136 zip code, while the lowest is also $1807 in the same zip code.
Average Koppel Assessed Value
$31,200
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 Koppel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16136 | $17,400 | $25,500 | $31,200 | $38,900 | $48,900 |
Source: Ownwell
Property Tax Bills Across Koppel, Pennsylvania
In Koppel, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Koppel, the median home price is $31,200. Property tax bills can vary significantly, with the 25th percentile paying around $1,492 and the 75th percentile facing bills of approximately $2,276. Those in the 90th percentile can see tax bills as high as $2,848. These tax bills are influenced by several factors, including changes in property values and local tax rates. For comparison, the national median property tax rate stands at 0.99%, making it essential for homeowners to understand their local tax obligations. High property tax bills can impact homeowners' finances, making it crucial to stay informed about property assessments and potential appeals.
Average Koppel Tax Bill
$1,807
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Koppel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16136 | $989 | $1,492 | $1,807 | $2,276 | $2,848 |
Source: Ownwell