Rimersburg, Pennsylvania Property Taxes
The median property tax rate in Rimersburg, PA is 8.20%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rimersburg at $11,596, the typical annual property tax bill reaches $960, which is below the national median of $2,690. Property taxes in Rimersburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Rimersburg'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 Rimersburg or another part of Clarion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rimersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.2%
Estimate Property Tax Bill
$951
Ownwell’s Rimersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rimersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rimersburg 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 Rimersburg, Pennsylvania
Property taxes in Rimersburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rimersburg is 8.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rimersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rimersburg 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 Rimersburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16248 has both the highest and lowest median property tax rate of 8.20%. Understanding how these cities compare with Rimersburg 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 Rimersburg Tax Rate
8.20%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rimersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16248 | 7.86% | 7.86% | 8.20% | 8.88% | 8.88% |
Source: Ownwell
Property Tax Assessment Values Across Rimersburg, Pennsylvania
In Rimersburg, 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 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 Rimersburg, 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 Rimersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $960.00, with the zip code 16248.
Average Rimersburg Assessed Value
$11,596
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 Rimersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16248 | $3,480 | $7,062 | $11,596 | $18,190 | $24,339 |
Source: Ownwell
Property Tax Bills Across Rimersburg, Pennsylvania
In Rimersburg, 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 generate the annual property tax bill. For Rimersburg, the median home price stands at $11,596. Homeowners in this area can expect property tax bills to vary significantly. For instance, the 25th percentile tax bill is around $566, while the 75th percentile reaches $1,493, and the 90th percentile can go up to $1,969. These figures indicate that property tax bills in Rimersburg can range considerably depending on the assessed value of the property and its location within the city. This variability in tax bills can significantly impact homeowners, affecting their annual budget and long-term financial planning. Compared to the national median property tax rate of 0.99%, the rates in Rimersburg reflect local economic conditions and governmental budgetary needs. Understanding these factors is crucial for homeowners to manage their finances effectively.
Average Rimersburg Tax Bill
$960
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rimersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16248 | $281 | $566 | $960 | $1,493 | $1,969 |
Source: Ownwell