Rochester, Pennsylvania Property Taxes
The median property tax rate in Rochester, PA is 6.46%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rochester at $37,100, the typical annual property tax bill reaches $2,395, slightly below the national median of $2,690. Property taxes in Rochester 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 Rochester'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 Rochester 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
Rochester, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.46%
Estimate Property Tax Bill
$2,397
Ownwell’s Rochester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester 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 Beaver County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rochester, Pennsylvania
Property taxes in Rochester, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester is 6.46%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rochester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester 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 Rochester's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15074 zip code has the highest median property tax rate of 6.46%, while the same zip code also has the lowest median tax rate of 6.46%. Understanding how these cities compare with Rochester 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 Rochester Tax Rate
6.46%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15074 | 5.52% | 6.36% | 6.46% | 6.86% | 6.86% |
Source: Ownwell
Property Tax Assessment Values Across Rochester, Pennsylvania
In Rochester, 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 Rochester, 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 Rochester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,395 in zip code 15074, which is also the lowest median tax bill.
Average Rochester Assessed Value
$37,100
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 Rochester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15074 | $21,000 | $27,900 | $37,100 | $52,100 | $69,900 |
Source: Ownwell
Property Tax Bills Across Rochester, Pennsylvania
In Rochester, located in Beaver County, PA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the market value, which is periodically evaluated by local assessors. Once the assessed value is established, it is multiplied by the local tax rate to calculate the property tax bill. Several factors influence the assessed value, including the home's location, size, age, and condition. Homeowners in Rochester face varying tax bills, with the median home price at $37,100. The tax bill for the 25th percentile is $1,839, while it rises to $3,231 for the 75th percentile and $4,329 for the 90th percentile. These variations indicate that property taxes can significantly impact homeowners, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Rochester's property tax rates can be relatively high, affecting the affordability and financial planning for homeowners in the area.
Average Rochester Tax Bill
$2,395
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15074 | $1,372 | $1,839 | $2,395 | $3,231 | $4,329 |
Source: Ownwell