Roaring Spring, Pennsylvania Property Taxes
The median property tax rate in Roaring Spring, PA is 1.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Roaring Spring at $125,800, the typical annual property tax bill reaches $2,189, which is below the national median of $2,690. Property taxes in Roaring Spring 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 Roaring Spring'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 Roaring Spring 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
Roaring Spring, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.83%
Estimate Property Tax Bill
$2,302
Ownwell’s Roaring Spring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roaring Spring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roaring Spring 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 Roaring Spring, Pennsylvania
Property taxes in Roaring Spring, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaring Spring is 1.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Roaring Spring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaring Spring 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 Roaring Spring's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16673 has both the highest and lowest median property tax rate of 1.83%, reflecting the uniformity in this area. Understanding how these rates compare with Roaring Spring 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 Roaring Spring Tax Rate
1.83%
Average Blair County Tax Rate
1.57%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roaring Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16673 | 1.57% | 1.57% | 1.83% | 1.83% | 1.83% |
Source: Ownwell
Property Tax Assessment Values Across Roaring Spring, Pennsylvania
In Roaring Spring, 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 Roaring Spring, 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 Roaring Spring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,189, found in the 16673 zip code.
Property Tax Assessment Values Across Roaring Spring, Pennsylvania
Source: Ownwell
$13,300
$253,050
$492,800
Average Roaring Spring Assessed Value
$125,800
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 Roaring Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16673 | $75,260 | $100,500 | $125,800 | $166,000 | $240,120 |
Source: Ownwell
Property Tax Bills Across Roaring Spring, Pennsylvania
In Roaring Spring, Blair County, PA, property tax bills are calculated based on the assessed value of a home combined with the local tax rate. Homeowners in this area see a median home price of $125,800, which is notably lower than the national median. The tax rate applied to this assessed value determines the annual tax bill. For instance, the tax bill for homes in the 25th percentile is approximately $1,747, while those in the 75th percentile can expect around $2,706. Several factors influence these tax calculations, including property size, location, and improvements. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners' quality of life. A comparison with the national median property tax rate of 0.99% shows that Roaring Spring's tax rates are relatively moderate. Understanding these factors helps homeowners plan their finances better and anticipate annual costs associated with property ownership.
Average Roaring Spring Tax Bill
$2,189
Average Blair County Tax Bill
$1,685
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaring Spring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16673 | $1,296 | $1,747 | $2,189 | $2,706 | $3,545 |
Source: Ownwell