Tyrone, Blair County, Pennsylvania Property Taxes
The median property tax rate in Tyrone, PA is 1.40%, which is higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $115,500 in Tyrone, the typical annual property tax bill amounts to $1,588, surpassing the national median of $2,690. Property taxes in Tyrone are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Tyrone'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 Tyrone 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
Tyrone, Blair County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$1,617
$1,501
Ownwell’s Tyrone Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tyrone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tyrone 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 Tyrone, Blair County, Pennsylvania
Property taxes in Tyrone, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tyrone is 1.40%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tyrone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tyrone 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 Tyrone's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16686 zip code has the highest median property tax rate of 1.40%, while the 16686 zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Tyrone 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 Tyrone Tax Rate
1.40%
Average Blair County Tax Rate
1.57%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tyrone, Blair County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | 1.28% | 1.28% | 1.40% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Tyrone, Blair County, Pennsylvania
In Tyrone, 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 Tyrone, 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 Tyrone helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16686, with a median tax bill of $1,588.
Property Tax Assessment Values Across Tyrone, Blair County, Pennsylvania
Source: Ownwell
$13,300
$101,125
$188,950
Average Tyrone Assessed Value
$115,500
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 Tyrone, Blair County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | $61,300 | $83,000 | $115,500 | $158,900 | $207,800 |
Source: Ownwell
Property Tax Bills Across Tyrone, Blair County, Pennsylvania
In Tyrone, located in Blair County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local government assessors who evaluate the property's market value and then apply an assessment ratio to arrive at the assessed value. Homeowners in Tyrone can expect their tax bills to vary significantly depending on their property's assessed value. For instance, the median home price in Tyrone is $115,500. With a median tax bill of $1,588, Tyrone's property tax rate stands higher than the national median of 0.99%. Homeowners in the 25th percentile pay around $1,134, while those in the 75th percentile see bills closer to $2,159. At the 90th percentile, the tax bill can reach up to $2,850. These variations highlight the importance of accurate property assessments and how they directly affect homeowners' annual tax obligations. Accurate assessments ensure that homeowners pay a fair share relative to their property's value, impacting their overall financial planning and stability.
Average Tyrone Tax Bill
$1,588
Average Blair County Tax Bill
$1,685
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tyrone, Blair County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | $847 | $1,134 | $1,588 | $2,159 | $2,850 |
Source: Ownwell