Saint Benedict, Pennsylvania Property Taxes
The median property tax rate in Saint Benedict, PA is 10.85%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Saint Benedict at $6,560, the typical annual property tax bill reaches $712, surpassing the national median of $2,690. Property taxes in Saint Benedict are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Saint Benedict'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 Saint Benedict 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
Saint Benedict, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
10.85%
Estimate Property Tax Bill
$712
Ownwell’s Saint Benedict Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Benedict with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Benedict 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 Saint Benedict, Pennsylvania
Property taxes in Saint Benedict, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Benedict is 10.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Saint Benedict set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Benedict 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 Saint Benedict's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15773 zip code has the highest median property tax rate of 10.85%, while the same zip code also has the lowest median tax rate of 10.85%. Understanding how these cities compare with Saint Benedict 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 Saint Benedict Tax Rate
10.85%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Benedict, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15773 | 10.85% | 10.85% | 10.85% | 10.85% | 10.85% |
Source: Ownwell
Property Tax Assessment Values Across Saint Benedict, Pennsylvania
In Saint Benedict, 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 Appraisal District 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 Saint Benedict, 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 Saint Benedict 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 15773, both at $712.00.
Property Tax Assessment Values Across Saint Benedict, Pennsylvania
Source: Ownwell
$4,060
$11,715
$19,370
Average Saint Benedict Assessed Value
$6,560
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 Saint Benedict, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15773 | $3,436 | $4,960 | $6,560 | $11,430 | $22,834 |
Source: Ownwell
Property Tax Bills Across Saint Benedict, Pennsylvania
In Saint Benedict, Cambria County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, the median home price in Saint Benedict is $6,560, and the property tax rate in Cambria County will be applied to this value to calculate the tax due. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Saint Benedict can expect their property tax bills to vary significantly, with the 25th percentile at $538, the 75th percentile at $1,240, and the 90th percentile reaching $2,477. Compared to the national median property tax rate of 0.99%, the tax bills in Saint Benedict reflect the specific economic conditions and property values of the area. These taxes fund essential local services such as schools, infrastructure, and public safety, directly impacting the quality of life for residents.
Average Saint Benedict Tax Bill
$712
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Benedict, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15773 | $373 | $538 | $712 | $1,240 | $2,477 |
Source: Ownwell