Snow Shoe, Pennsylvania Property Taxes
The median property tax rate in Snow Shoe, PA is 3.69%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $56,900 in Snow Shoe, the typical annual property tax bill reaches $2,142, which is still below the national median of $2,690. Property taxes in Snow Shoe are determined based on the tax assessed value, which is often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Snow Shoe'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 Snow Shoe 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
Snow Shoe, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$2,100
Ownwell’s Snow Shoe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Snow Shoe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Snow Shoe 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 Snow Shoe, Pennsylvania
Property taxes in Snow Shoe, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Snow Shoe is 3.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Snow Shoe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Snow Shoe 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 Snow Shoe's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16874 zip code has the highest median property tax rate of 3.69%, while the same zip code also has the lowest median tax rate of 3.69%. Understanding how these cities compare with Snow Shoe 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 Snow Shoe Tax Rate
3.69%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Snow Shoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16874 | 3.69% | 3.69% | 3.69% | 3.87% | 3.87% |
Source: Ownwell
Property Tax Assessment Values Across Snow Shoe, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Snow Shoe, Pennsylvania. 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 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 Snow Shoe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Snow Shoe is $2,142 in the 16874 zip code, while the lowest median tax bill is also $2,142 in the same zip code.
Average Snow Shoe Assessed Value
$56,900
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 Snow Shoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16874 | $18,496 | $36,270 | $56,900 | $78,410 | $105,402 |
Source: Ownwell
Property Tax Bills Across Snow Shoe, Pennsylvania
In Snow Shoe, Centre County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Snow Shoe, the median home price is $56,900. The property tax rate in this area results in varying tax bills, with the 25th percentile at $1,396, the 75th percentile at $2,954, and the 90th percentile reaching up to $3,938. These figures indicate that homeowners can expect their tax bills to fall within this range depending on the assessed value of their property. Comparatively, the national median property tax rate is 0.99%, making Snow Shoe's rates relatively high. This can significantly affect homeowners, as higher property taxes can impact overall affordability and the long-term cost of owning a home. Understanding these factors is crucial for homeowners when budgeting for annual expenses.
Average Snow Shoe Tax Bill
$2,142
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Snow Shoe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16874 | $723 | $1,396 | $2,142 | $2,954 | $3,938 |
Source: Ownwell