James Creek, Pennsylvania Property Taxes
The median property tax rate in James Creek, PA is 1.57%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in James Creek at $201,800, the typical annual property tax bill reaches $3,175, exceeding the national median of $2,690. Property taxes in James Creek 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 James Creek'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 James Creek 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
James Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.57%
Estimate Property Tax Bill
$3,168
Ownwell’s James Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in James Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in James Creek 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 James Creek, Pennsylvania
Property taxes in James Creek, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in James Creek is 1.57%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within James Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, James Creek 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 James Creek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the area is also 1.57%, found in the neighboring zip code of 16657, while the lowest median tax rate is the same at 1.57%. Understanding how these cities compare with James Creek 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 James Creek Tax Rate
1.57%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across James Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16657 | 1.40% | 1.57% | 1.57% | 1.57% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across James Creek, Pennsylvania
In James Creek, 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 James Creek, 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 James Creek is $201,800, with tax bills ranging from $2,075 at the 25th percentile to $4,106 at the 90th percentile. The highest and lowest median tax bills are both $3,175 in zip code 16657. By understanding 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 James Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across James Creek, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average James Creek Assessed Value
$201,800
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 James Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16657 | $45,840 | $131,900 | $201,800 | $246,875 | $271,830 |
Source: Ownwell
Property Tax Bills Across James Creek, Pennsylvania
In James Creek, Bedford County, PA, property tax bills are determined based on the assessed value of a home, which is influenced by the local real estate market. The median home price in the area stands at $201,800. Property tax rates in James Creek are calculated by applying the local tax rate to the assessed value of the property. For instance, homeowners in the 25th percentile can expect an annual tax bill of around $2,075, while those in the 75th percentile might see bills as high as $3,820. At the 90th percentile, tax bills can reach up to $4,106. These figures show that property taxes in James Creek can vary significantly, impacting homeowners differently based on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, highlighting how local rates and home values can affect the overall tax burden. For residents, understanding these factors is crucial for financial planning and managing homeownership costs effectively.
Average James Creek Tax Bill
$3,175
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across James Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16657 | $721 | $2,075 | $3,175 | $3,820 | $4,106 |
Source: Ownwell