Summerhill, Pennsylvania Property Taxes
The median property tax rate in Summerhill, PA is 9.33%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $15,500 in Summerhill, the typical annual property tax bill amounts to $1,440, surpassing the national median of $2,690. Property taxes in Summerhill are calculated based on the assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Summerhill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Summerhill 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
Summerhill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.33%
Estimate Property Tax Bill
$1,446
Ownwell’s Summerhill Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Summerhill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summerhill to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, additional localized information is available below. Your property’s assessed value is the value assigned by Cambria County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Summerhill, Pennsylvania
Property taxes in Summerhill, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Summerhill is 9.33%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Summerhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summerhill 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 Summerhill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15958 has the highest median property tax rate of 9.33%, while the same zip code also has the lowest median tax rate of 9.33%. Understanding how these areas compare with Summerhill 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 Summerhill Tax Rate
9.33%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summerhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15958 | 8.50% | 8.50% | 9.33% | 9.52% | 9.53% |
Source: Ownwell
Property Tax Assessment Values Across Summerhill, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Summerhill, PA. 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 Summerhill, 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 Summerhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1,440 in the 15958 zip code, illustrating a consistent tax impact across the area.
Average Summerhill Assessed Value
$15,500
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 Summerhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15958 | $3,616 | $8,520 | $15,500 | $25,740 | $32,964 |
Source: Ownwell
Property Tax Bills Across Summerhill, Pennsylvania
In Summerhill, property tax bills are calculated based on the assessed value of the property, which is determined by the county's tax assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in Summerhill, the median home price stands at $15,500. The property tax rate in this area is relatively high compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including property location, size, and improvements made. In Summerhill, the tax bill varies significantly; for instance, the 25th percentile tax bill is $747, while at the 75th percentile, it rises to $2,399, and the 90th percentile reaches $3,078. The highest and lowest median tax bills in the region both stand at $1,440 in the 15958 zip code. These property tax bills can significantly impact homeowners, affecting their annual budgets and overall financial planning. Understanding these factors helps homeowners anticipate their tax obligations and manage their finances more effectively.
Average Summerhill Tax Bill
$1,440
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Summerhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15958 | $335 | $747 | $1,440 | $2,399 | $3,078 |
Source: Ownwell