Farrandsville, Pennsylvania Property Taxes
The median property tax rate in Farrandsville, PA is 1.96%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Farrandsville, the typical annual property tax bill reaches $784, which is lower than the national median of $2,690. Property taxes in Farrandsville 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 Farrandsville'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 Farrandsville 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
Farrandsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.96%
Estimate Property Tax Bill
$786
Ownwell’s Farrandsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Farrandsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Farrandsville 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 Farrandsville, Pennsylvania
Property taxes in Farrandsville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Farrandsville is 1.96%, significantly higher than the U.S. national median of 0.99%. Local government entities within Farrandsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Farrandsville 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 Farrandsville's effective property tax rate to other areas in Clinton County and the national median. For comparison, the ZIP code 17745 has the highest median property tax rate of 1.96%, while the lowest median tax rate in the area is also 1.96%. Understanding how these areas compare with Farrandsville provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Farrandsville Tax Rate
1.96%
Average Clinton County Tax Rate
2.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Farrandsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17745 | 1.96% | 1.96% | 1.96% | 1.96% | 1.96% |
Source: Ownwell
Property Tax Assessment Values Across Farrandsville, Pennsylvania
In Farrandsville, 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 local 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 Farrandsville, 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 Farrandsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the median home price in Farrandsville is $40,100, with annual property tax bills ranging from $331 at the 25th percentile to $1,169 at the 90th percentile. The highest and lowest median tax bills are both $784 in the 17745 zip code.
Property Tax Assessment Values Across Farrandsville, Pennsylvania
Source: Ownwell
$22,900
$149,700
$276,500
Average Farrandsville Assessed Value
$40,100
Average Clinton County Assessed Value
$57,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Farrandsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17745 | $12,700 | $16,925 | $40,100 | $54,275 | $59,810 |
Source: Ownwell
Property Tax Bills Across Farrandsville, Pennsylvania
In Farrandsville, property tax bills are calculated based on the assessed value of a home and the local tax rate. For homeowners in Clinton County, the median home price is $40,100. Property tax rates are applied to this assessed value to determine the annual tax bill. For example, the tax bill at the 25th percentile is $331, while at the 75th percentile, it rises to $1,061. The 90th percentile tax bill reaches $1,169, reflecting the variability in property values and tax assessments. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These taxes fund essential community services such as schools, public safety, and infrastructure. Homeowners in Farrandsville may find their property tax bills higher or lower than the national median property tax rate of 0.99%, depending on these local assessments and rates. Understanding these factors can help homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Farrandsville Tax Bill
$784
Average Clinton County Tax Bill
$1,228
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Farrandsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17745 | $248 | $331 | $784 | $1,061 | $1,169 |
Source: Ownwell