Elton, Pennsylvania Property Taxes
The median property tax rate in Elton, PA is 8.93%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Elton, the typical annual property tax bill reaches $1,433, exceeding the national median of $2,690. Property taxes in Elton 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 Elton'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 Elton 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
Elton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.93%
Estimate Property Tax Bill
$1,434
Ownwell’s Elton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elton 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 Elton, Pennsylvania
Property taxes in Elton, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Elton is 8.93%, significantly higher than the U.S. national median of 0.99%. Local government entities within Elton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elton 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. Understanding how these cities compare with Elton provides valuable insights into the varying tax landscape across Cambria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elton Tax Rate
8.93%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15934 | 8.92% | 8.92% | 8.93% | 8.93% | 8.93% |
Source: Ownwell
Property Tax Assessment Values Across Elton, Pennsylvania
In Elton, 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 Cambria 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 Elton, 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 Elton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Elton is $16,060. The 25th percentile tax bill is $876, while the 75th percentile tax bill is $2,031. The highest median tax bill is $1,433 in zip code 15934, which also has the lowest median tax bill at $1,433.
Average Elton Assessed Value
$16,060
Average Cambria County Assessed Value
$12,040
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15934 | $6,900 | $9,820 | $16,060 | $22,760 | $26,040 |
Source: Ownwell
Property Tax Bills Across Elton, Pennsylvania
Property tax bills in Elton, located in Cambria County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $16,060, homeowners in Elton can expect varying tax bills depending on their property's value and the specific tax rate applied. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. In Elton, the 25th percentile of tax bills is around $876, while those in the 75th percentile pay approximately $2,031. The highest tax bills, at the 90th percentile, can reach up to $2,324. These property taxes are critical for funding local services such as schools, public safety, and infrastructure, directly impacting homeowners and their community.
Average Elton Tax Bill
$1,433
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15934 | $616 | $876 | $1,433 | $2,031 | $2,324 |
Source: Ownwell