Hopewell, Bedford County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Hopewell, Bedford County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hopewell, PA effective property tax rate: 1.33%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Hopewell, PA home value: $76,700
Median annual Hopewell, PA tax bill: $1,059, $1,341 lower than the national median property tax bill of $2,400.

How are property taxes in Bedford calculated?

Property taxes in Hopewell, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Hopewell’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hopewell, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hopewell, Bedford County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.33%

Estimate Property Tax Bill

$1,020

$947

Ownwell’s Hopewell Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hopewell with just two data points. By entering your property's estimated assessed value, our calculator applies Hopewell’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Bedford County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hopewell, Bedford County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget to provide services and then dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Hopewell, located in Bedford County, Pennsylvania, the effective property tax rate is an important factor for homeowners to consider. Compared to other cities in Pennsylvania, Hopewell's rate is aligned with the state's median tax rate, which stands at 1.33%. This figure is notably higher than the national median property tax rate of 1.02%. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions. By staying informed about local tax trends, Hopewell residents can better manage their property tax obligations and potentially reduce their tax burden.

Property Tax Rates Across Hopewell, Bedford County, Pennsylvania

Source: Ownwell

1.28%

1.45%

1.61%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Hopewell Tax Rate

1.33%

Median Effective Bedford County Tax Rate

1.45%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Hopewell, Bedford County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
16650	1.33%	1.33%	1.33%	1.55%	1.55%

Source: Ownwell

Property Tax Assessment Values Across Hopewell, Bedford County, Pennsylvania

When examining property taxes in Hopewell, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bedford County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Bedford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Hopewell. For example, the median home price in Hopewell is $76,700, with tax bills ranging significantly across the county. Zip code 16650 has the highest median home price at $76,700.

Property Tax Assessment Values Across Hopewell, Bedford County, Pennsylvania

Source: Ownwell

$30,100

$115,950

$201,800

Median Hopewell Market Value

$76,700

Median Bedford County Market Value

$101,200

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Hopewell, Bedford County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
16650	$20,940	$42,700	$76,700	$129,700	$203,140

Source: Ownwell

Property Tax Bills Across Hopewell, Bedford County, Pennsylvania

In Hopewell, located in Bedford County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $76,700, which influences the tax bill homeowners receive. Factors such as property location, size, and improvements contribute to the assessed value. The median property tax bill in Hopewell is $1,059, which is significantly lower than the national median of $2,400. However, it can vary greatly, with the 25th percentile at $608 and the 90th percentile reaching $2,521. This variation highlights the importance of understanding how your property is assessed. Homeowners in Hopewell can benefit from appealing their property tax assessments to ensure they are not overpaying. This is where Ownwell comes in. By leveraging expertise in property tax appeals and exemptions, Ownwell helps homeowners potentially lower their tax bills by ensuring their property's assessed value is accurate and fair. With Ownwell's assistance, homeowners can navigate the complexities of property taxes and achieve substantial savings.

Property Tax Bills Across Hopewell, Bedford County, Pennsylvania

Source: Ownwell

$466

$1,821

$3,175

Median Hopewell Tax Bill

$1,059

Median Bedford County Tax Bill

$1,429

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Hopewell, Bedford County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
16650	$310	$608	$1,059	$1,682	$2,521

Source: Ownwell