Philipsburg, Pennsylvania Property Taxes
The median property tax rate in Philipsburg, PA is 3.17%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Philipsburg at $45,700, the typical annual property tax bill reaches $1,656, exceeding the national median of $2,690. Property taxes in Philipsburg 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 Philipsburg'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 Philipsburg 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
Philipsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.17%
Estimate Property Tax Bill
$1,449
Ownwell’s Philipsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Philipsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Philipsburg 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 Philipsburg, Pennsylvania
Property taxes in Philipsburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Philipsburg is 3.17%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Philipsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Philipsburg 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 Philipsburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the ZIP code 16866 has the highest median property tax rate of 3.17%, while the lowest median tax rate is also 3.17%. Understanding how these cities compare with Philipsburg provides valuable insights into the varying tax landscape across Centre County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Philipsburg Tax Rate
3.17%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Philipsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | 3.16% | 3.16% | 3.17% | 3.93% | 3.93% |
Source: Ownwell
Property Tax Assessment Values Across Philipsburg, Pennsylvania
In Philipsburg, 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 Centre 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 Philipsburg, 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 median home price in Philipsburg is $45,700, with tax bills ranging from $1,061 at the 25th percentile to $2,586 at the 75th percentile, and $3,769 at the 90th percentile. 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 Philipsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Philipsburg, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Philipsburg Assessed Value
$45,700
Average Centre County Assessed Value
$97,340
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Philipsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | $10,976 | $30,035 | $45,700 | $71,885 | $108,110 |
Source: Ownwell
Property Tax Bills Across Philipsburg, Pennsylvania
In Philipsburg, Centre County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Philipsburg, the median home price is $45,700, and tax bills can vary significantly. At the 25th percentile, homeowners may see tax bills around $1,061, while those at the 75th percentile could pay approximately $2,586. For the top 10% of tax bills, amounts can reach up to $3,769. The local tax rate in Philipsburg is notably higher than the national median property tax rate of 0.99%, reflecting the unique fiscal needs and budgetary requirements of the area. This higher tax rate can impact homeowners by increasing their annual expenses, which is a crucial factor to consider when budgeting for homeownership. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Philipsburg Tax Bill
$1,656
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Philipsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | $377 | $1,061 | $1,656 | $2,586 | $3,769 |
Source: Ownwell