Rebersburg, Pennsylvania Property Taxes
The median property tax rate in Rebersburg, PA is 3.07%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rebersburg, the typical annual property tax bill reaches $2,107, which is below the national median of $2,690. Property taxes in Rebersburg are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Rebersburg'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 Rebersburg or another part of Centre County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rebersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.07%
Estimate Property Tax Bill
$2,103
Ownwell’s Rebersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rebersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rebersburg 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 Rebersburg, Pennsylvania
Property taxes in Rebersburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rebersburg is 3.07%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rebersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rebersburg 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 Rebersburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16872 zip code has both the highest and lowest median property tax rate of 3.07%. Understanding how these cities compare with Rebersburg 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 Rebersburg Tax Rate
3.07%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rebersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16872 | 3.07% | 3.07% | 3.07% | 3.07% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Rebersburg, Pennsylvania
In Rebersburg, 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 Rebersburg, 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 Rebersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Rebersburg both stand at $2,107 in the zip code 16872.
Average Rebersburg Assessed Value
$68,510
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 Rebersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16872 | $15,783 | $44,368 | $68,510 | $120,830 | $201,499 |
Source: Ownwell
Property Tax Bills Across Rebersburg, Pennsylvania
In Rebersburg, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Centre County tax assessor. The assessed value is then multiplied by the local tax rate to generate the annual tax bill. For example, with a median home price of $68,510, homeowners can expect varying tax bills. The tax bill at the 25th percentile is $1,392, while those at the 75th percentile pay around $3,738, and the 90th percentile reaches $6,188. These figures illustrate the range of property tax burdens in the area. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in Rebersburg experience a significant impact on their finances due to these taxes, especially when compared to the national median property tax rate of 0.99%. Understanding this calculation process helps residents anticipate their financial obligations and plan accordingly.
Average Rebersburg Tax Bill
$2,107
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rebersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16872 | $501 | $1,392 | $2,107 | $3,738 | $6,188 |
Source: Ownwell