Howard, Pennsylvania Property Taxes
The median property tax rate in Howard, PA is 1.97%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Howard, the typical annual property tax bill reaches $1,722, exceeding the national median of $2,690. Property taxes in Howard are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Howard'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 Howard 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
Howard, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.97%
Estimate Property Tax Bill
$1,720
Ownwell’s Howard Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Howard with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Howard 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 Howard, Pennsylvania
Property taxes in Howard, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Howard is 1.35%, which is higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Howard set these rates annually, and they can vary significantly across different neighborhoods. Each year, Howard 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 Howard's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16841 zip code has both the highest and lowest median property tax rate of 1.35%. Understanding how these cities compare with Howard provides valuable insights into the varying tax landscape across Centre, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Howard Tax Rate
1.97%
Average Clinton County Tax Rate
2.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | 1.97% | 1.97% | 1.97% | 1.97% | 1.97% |
Source: Ownwell
Property Tax Assessment Values Across Howard, Pennsylvania
In Howard, 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 Clinton 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 Howard, 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 Howard helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16841 has the highest median tax bill of $1,722.
Average Howard Assessed Value
$87,300
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 Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | $7,580 | $27,200 | $87,300 | $116,900 | $147,540 |
Source: Ownwell
Property Tax Bills Across Howard, Pennsylvania
In Howard, property tax bills are calculated based on the assessed value of a home, which is determined by the Clinton County tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For homeowners in Howard, the tax burden can vary significantly. The 25th percentile tax bill is $536, while the 75th percentile tax bill reaches $2,305, and the 90th percentile tax bill can be as high as $2,909. These variations in tax bills are influenced by factors such as the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners in Howard face a median home price of $87,300, which means their property tax bills can be a significant annual expense. Compared to the national median property tax rate of 0.99%, Howard's property tax rates can significantly impact household budgets, making it crucial for homeowners to understand how their tax bills are determined and what options they have for potential reductions.
Average Howard Tax Bill
$1,722
Average Clinton County Tax Bill
$1,228
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Howard, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16841 | $149 | $536 | $1,722 | $2,305 | $2,909 |
Source: Ownwell