Alba, Pennsylvania Property Taxes
The median property tax rate in Alba, PA is 2.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Alba, the typical annual property tax bill reaches $1,236, exceeding the national median of $2,690. Property taxes in Alba 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 Alba'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 Alba 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
Alba, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$1,238
Ownwell’s ALBA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in ALBA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ALBA 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 Bradford County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alba, Pennsylvania
Property taxes in Alba, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alba is 2.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Alba set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alba 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 Alba's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16910 ZIP code has the highest median property tax rate of 2.83%, while the same ZIP code also has the lowest median tax rate of 2.83%. Understanding how these cities compare with Alba provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alba Tax Rate
2.83%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alba, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16910 | 2.82% | 2.82% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Alba, Pennsylvania
In Alba, 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 Bradford 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 Alba, 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 Alba helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,236, found in zip code 16910, while the lowest median tax bill is also $1,236 in the same zip code.
Average Alba Assessed Value
$43,745
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alba, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16910 | $28,826 | $36,702 | $43,745 | $51,202 | $60,262 |
Source: Ownwell
Property Tax Bills Across Alba, Pennsylvania
In Alba, located in Bradford County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. The median home price in Alba is $43,745. Tax rates are applied to this assessed value to calculate the final tax bill. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or abatements. For homeowners in Alba, the tax bill can vary significantly. The 25th percentile tax bill is $1,037, while the 75th percentile tax bill is $1,447, and the 90th percentile tax bill reaches $1,704. These figures reflect the range of tax obligations homeowners might face. The highest and lowest median tax bills in the area are both $1,236, specifically in the 16910 zip code. Compared to the national median property tax rate of 0.99%, Alba's tax bills indicate a significant financial consideration for residents, impacting their overall cost of homeownership.
Average Alba Tax Bill
$1,236
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Alba, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16910 | $815 | $1,037 | $1,236 | $1,447 | $1,704 |
Source: Ownwell