Imler, Pennsylvania Property Taxes
The median property tax rate in Imler, PA is 1.38%, which is considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $97,000 in Imler, the typical annual property tax bill reaches $1,293, falling below the national median of $2,690. Property taxes in Imler are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Imler'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 Imler or another part of Bedford County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Imler, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$1,339
-$14,029
Ownwell’s Imler Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Imler with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Imler 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 Imler, Pennsylvania
Property taxes in Imler, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Imler is 1.38%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Imler set these rates annually, and they can vary across different neighborhoods. Each year, Imler 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 Imler's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16655 has both the highest and lowest median property tax rate of 1.38%. Understanding how these cities compare with Imler provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Imler Tax Rate
1.38%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Imler, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16655 | 1.31% | 1.31% | 1.38% | 1.43% | 1.43% |
Source: Ownwell
Property Tax Assessment Values Across Imler, Pennsylvania
In Imler, 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 Bedford 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 Imler, 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 Imler helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Imler stands at $97,000, with tax bills ranging from $831 at the 25th percentile to $2,398 at the 90th percentile. The zip code 16655 has the highest and lowest median tax bill, both at $1,293.
Average Imler Assessed Value
$97,000
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Imler, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16655 | $28,360 | $64,200 | $97,000 | $141,300 | $191,400 |
Source: Ownwell
Property Tax Bills Across Imler, Pennsylvania
In Imler, Bedford County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Imler stands at $97,000, which serves as a baseline for determining property taxes. Homeowners in Imler typically see tax bills ranging from $831 at the 25th percentile to $1,815 at the 75th percentile, with the tax bill reaching up to $2,398 at the 90th percentile. These figures are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions. The assessed value is a critical component, as it determines the portion of the home's market value that is subject to taxation. Compared to the national median property tax rate of 0.99%, Imler’s tax rates can significantly impact homeowners, making it essential for them to understand how these calculations affect their annual expenses. By staying informed, homeowners can better anticipate their financial obligations and plan accordingly.
Average Imler Tax Bill
$1,293
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Imler, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16655 | $389 | $831 | $1,293 | $1,815 | $2,398 |
Source: Ownwell