Wilmore, Pennsylvania Property Taxes
The median property tax rate in Wilmore, PA is 8.98%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wilmore at $9,170, the typical annual property tax bill reaches $815, which is below the national median of $2,690. Property taxes in Wilmore are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as for primary residences and agricultural purposes. Understanding Wilmore'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 Wilmore or another part of Cambria County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wilmore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.98%
Estimate Property Tax Bill
$823
Ownwell’s Wilmore Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wilmore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wilmore to provide an accurate property tax bill estimate. This valuable tool helps you understand potential tax liabilities with ease. For those interested in neighborhood-level trends, additional localized information is available further down the page. 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 Wilmore, Pennsylvania
Property taxes in Wilmore, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wilmore is 8.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wilmore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wilmore 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 Wilmore's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15962 zip code has the highest median property tax rate of 8.98%, while the same zip code also has the lowest median tax rate of 8.98%. Understanding how these cities compare with Wilmore 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 Wilmore Tax Rate
8.98%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wilmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15962 | 8.97% | 8.97% | 8.98% | 8.98% | 8.98% |
Source: Ownwell
Property Tax Assessment Values Across Wilmore, Pennsylvania
In Wilmore, 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 Wilmore, 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. For instance, the highest median tax bill in Wilmore is $815 in the zip code 15962, which is notably higher than the national median property tax rate of 0.99%. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wilmore Assessed Value
$9,170
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 Wilmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15962 | $4,280 | $6,660 | $9,170 | $13,718 | $20,830 |
Source: Ownwell
Property Tax Bills Across Wilmore, Pennsylvania
In Wilmore, located in Cambria County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and is a percentage of the property's market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For example, the median home price in Wilmore is $9,170. Homeowners in the 25th percentile can expect to pay around $598 annually, while those in the 75th percentile may see bills around $1,231. At the 90th percentile, tax bills can reach up to $1,869. These property taxes fund essential services like schools, public safety, and infrastructure. While the national median property tax rate is 0.99%, local rates can vary, impacting homeowners' financial obligations. Understanding these factors is crucial for homeowners to manage their budgets effectively.
Average Wilmore Tax Bill
$815
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wilmore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15962 | $384 | $598 | $815 | $1,231 | $1,869 |
Source: Ownwell