Marsteller, Pennsylvania Property Taxes
The median property tax rate in Marsteller, PA is 9.25%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $4,060 in Marsteller, the typical annual property tax bill amounts to $376, which is still below the national median of $2,690. Property taxes in Marsteller are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Marsteller'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 Marsteller 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
Marsteller, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.25%
Estimate Property Tax Bill
$376
Ownwell’s Marsteller Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marsteller with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marsteller 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 Marsteller, Pennsylvania
Property taxes in Marsteller, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marsteller is 9.25%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Marsteller set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marsteller 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 Marsteller's effective property tax rate compares to other areas in Cambria County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Marsteller Tax Rate
9.25%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marsteller, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15760 | 9.25% | 9.25% | 9.25% | 9.25% | 9.25% |
Source: Ownwell
Property Tax Assessment Values Across Marsteller, Pennsylvania
In Marsteller, 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 Marsteller, 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 Marsteller helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 15760, with a median tax bill of $376.
Average Marsteller Assessed Value
$4,060
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 Marsteller, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15760 | $1,134 | $1,405 | $4,060 | $9,240 | $18,561 |
Source: Ownwell
Property Tax Bills Across Marsteller, Pennsylvania
In Marsteller, 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 tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions are considered in the assessment process. For instance, the median home price in Marsteller is $4,060, translating to a range of tax bills. Homeowners in the 25th percentile pay around $130, while those in the 75th percentile see bills closer to $855. The highest tax bills, in the 90th percentile, can reach up to $1,717 annually. Compared to the national median property tax rate of 0.99%, Marsteller's property taxes are relatively modest. However, these taxes can still significantly impact homeowners, influencing their overall cost of living and potentially affecting property values. Understanding these factors can help homeowners better manage their finances and plan for future expenses.
Average Marsteller Tax Bill
$376
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marsteller, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15760 | $105 | $130 | $376 | $855 | $1,717 |
Source: Ownwell