Crown, Pennsylvania Property Taxes
The median property tax rate in Crown, PA, is 7.66%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $22,736 in Crown, the typical annual property tax bill reaches $1,742, surpassing the national median of $2,690. Property taxes in Crown 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 Crown'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 Crown 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
Crown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.66%
Estimate Property Tax Bill
$1,742
Ownwell’s Crown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Crown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crown 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 Crown, Pennsylvania
Property taxes in Crown, Pennsylvania, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Crown is 7.66%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Crown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crown 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 Crown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16220 has the highest median property tax rate of 7.66%, while the same zip code also has the lowest median tax rate of 7.66%. Understanding how these areas compare with Crown provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Crown Tax Rate
7.66%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16220 | 7.66% | 7.66% | 7.66% | 7.66% | 7.66% |
Source: Ownwell
Property Tax Assessment Values Across Crown, Pennsylvania
In Crown, 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 Clarion County Appraisal District 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 Crown, 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 Crown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16220, with a median tax bill of $1,742.
Average Crown Assessed Value
$22,736
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Crown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16220 | $7,920 | $10,130 | $22,736 | $26,289 | $29,920 |
Source: Ownwell
Property Tax Bills Across Crown, Pennsylvania
In Crown, located in Clarion County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the county assessor and is influenced by the market value of the property, though it may not match it exactly. Tax rates, or millage rates, are then applied to this assessed value to calculate the tax bill. For example, with a median home price of $22,736, homeowners in Crown can expect varying tax bills depending on their specific property values and applicable exemptions. Factors such as property location, size, and improvements can affect the assessed value. The tax bills in Crown range significantly, with the 25th percentile at $776 and the 75th percentile at $2,014, indicating a wide variance in property values and tax liabilities. The highest median tax bill in the area is $1,742. These property taxes are crucial for funding local services like schools, public safety, and infrastructure, directly impacting homeowners by contributing to the community's overall quality of life.
Average Crown Tax Bill
$1,742
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Crown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16220 | $607 | $776 | $1,742 | $2,014 | $2,292 |
Source: Ownwell