Pine Grove Mills, Pennsylvania Property Taxes
The median property tax rate in Pine Grove Mills, PA is 2.90%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Pine Grove Mills at $81,760, the typical annual property tax bill reaches $2,367, which is below the national median of $2,690. Property taxes in Pine Grove Mills are calculated based on the tax assessed value, typically lower than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Pine Grove Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Pine Grove Mills or another part of the city, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Pine Grove Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$2,371
Ownwell’s Pine Grove Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pine Grove Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Grove Mills 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 Pine Grove Mills, Pennsylvania
Property taxes in Pine Grove Mills, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pine Grove Mills is 2.90%, substantially higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pine Grove Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Grove Mills 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 Pine Grove Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16868 zip code has the highest median property tax rate of 2.90%, while the same zip code also has the lowest median tax rate of 2.90%. Understanding how these cities compare with Pine Grove Mills 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 Pine Grove Mills Tax Rate
2.90%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Grove Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16868 | 2.89% | 2.89% | 2.90% | 2.90% | 2.90% |
Source: Ownwell
Property Tax Assessment Values Across Pine Grove Mills, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Pine Grove Mills, 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 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. Assessment notices in Pine Grove Mills 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. For instance, the median home price in Pine Grove Mills is $81,760, with tax bills ranging from $1,916 at the 25th percentile to $6,089 at the 90th percentile. The zip code 16868 has both the highest and lowest median tax bill at $2,367. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Pine Grove Mills, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Pine Grove Mills Assessed Value
$81,760
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 Pine Grove Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16868 | $51,530 | $66,210 | $81,760 | $109,555 | $210,302 |
Source: Ownwell
Property Tax Bills Across Pine Grove Mills, Pennsylvania
In Pine Grove Mills, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by local county assessors who evaluate various factors such as property size, location, and condition. Homeowners in Pine Grove Mills, located in Centre County, experience a range of property tax bills. For example, the 25th percentile tax bill is approximately $1,916, while the 75th percentile tax bill is $3,172. At the 90th percentile, homeowners might see tax bills reaching up to $6,089. Comparatively, the median home price in Pine Grove Mills is $81,760, which influences the overall tax burden. With the national median property tax rate at 0.99%, the local tax rates can significantly impact homeowners' annual expenses. Understanding these factors is crucial for homeowners to budget effectively and anticipate their annual property tax obligations.
Average Pine Grove Mills Tax Bill
$2,367
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Grove Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16868 | $1,492 | $1,916 | $2,367 | $3,172 | $6,089 |
Source: Ownwell