Bellwood, Pennsylvania Property Taxes
The median property tax rate in Bellwood, PA is 1.84%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bellwood at $115,200, the typical annual property tax bill reaches $2,029, exceeding the national median of $2,690. Property taxes in Bellwood 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 Bellwood'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 Bellwood 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
Bellwood, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.84%
Estimate Property Tax Bill
$2,120
Ownwell’s Bellwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bellwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bellwood 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 Bellwood, Pennsylvania
Property taxes in Bellwood, Pennsylvania, play an essential role in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Bellwood is 1.84%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bellwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bellwood 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 Bellwood's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16617 has both the highest and lowest median property tax rate of 1.84%. Understanding how these cities compare with Bellwood provides valuable insights into the varying tax landscape across Blair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bellwood Tax Rate
1.84%
Average Blair County Tax Rate
1.57%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bellwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16617 | 1.49% | 1.49% | 1.84% | 1.84% | 1.84% |
Source: Ownwell
Property Tax Assessment Values Across Bellwood, Pennsylvania
In Bellwood, 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 Blair 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 Bellwood, 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. The zip code 16617 has both the highest and lowest median tax bills at $2,029. Being aware of these valuation processes in Bellwood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bellwood Assessed Value
$115,200
Average Blair County Assessed Value
$113,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bellwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16617 | $64,740 | $90,675 | $115,200 | $138,100 | $169,630 |
Source: Ownwell
Property Tax Bills Across Bellwood, Pennsylvania
In Bellwood, located in Blair County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. Factors such as the home's size, location, and market conditions influence its assessed value. Homeowners in Bellwood experience varying tax bills. For instance, the tax bill at the 25th percentile is $1,592, while it rises to $2,391 at the 75th percentile and $2,788 at the 90th percentile. The median home price in Bellwood stands at $115,200, and the median property tax bill is $2,029, which is higher than the national median property tax rate of 0.99%. These property taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners need to be aware of these factors, as property taxes represent a significant annual expense.
Average Bellwood Tax Bill
$2,029
Average Blair County Tax Bill
$1,685
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bellwood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16617 | $1,105 | $1,592 | $2,029 | $2,391 | $2,788 |
Source: Ownwell