Cranberry Township, Pennsylvania Property Taxes
The median property tax rate in Cranberry Township, PA is 5.88%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Cranberry Township, the typical annual property tax bill reaches $1,058, exceeding the national median of $2,690. Property taxes in Cranberry Township 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 Cranberry Township'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 Cranberry Township 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
Cranberry Township, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.88%
Estimate Property Tax Bill
$1,058
Ownwell’s Cranberry Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cranberry Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cranberry Township 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 Cranberry Township, Pennsylvania
Property taxes in Cranberry Township, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cranberry Township is 5.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cranberry Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cranberry Township 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 Cranberry Township's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16066 zip code has the highest median property tax rate of 5.88%, while the same 16066 zip code also has the lowest median tax rate of 5.88%. Understanding how these cities compare with Cranberry Township provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cranberry Township Tax Rate
5.88%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cranberry Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16066 | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% |
Source: Ownwell
Property Tax Assessment Values Across Cranberry Township, Pennsylvania
In Cranberry Township, 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 Crawford 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 Cranberry Township, 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 Cranberry Township 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 $1,058, found in the 16066 zip code.
Property Tax Assessment Values Across Cranberry Township, Pennsylvania
Source: Ownwell
$3,151
$40,726
$78,300
Average Cranberry Township Assessed Value
$18,001
Average Crawford County Assessed Value
$26,552
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cranberry Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16066 | $18,001 | $18,001 | $18,001 | $18,001 | $18,001 |
Source: Ownwell
Property Tax Bills Across Cranberry Township, Pennsylvania
In Cranberry Township, property tax bills are calculated based on the assessed value of the property, not its market value. This assessed value is determined by the county's property assessor and is a crucial factor in calculating the tax bill. Homeowners in Cranberry Township, located in Crawford County, PA, experience a median property tax bill of $1,058, which is significantly higher than the national median property tax rate of 0.99%. The tax bill is influenced by several factors, including local tax rates set by various taxing authorities such as school districts, municipalities, and counties. These rates are applied to the assessed value to determine the total tax bill. For homeowners, this means that even if their property's market value fluctuates, their tax bill is primarily influenced by the assessed value and the prevailing tax rates. This system ensures a relatively stable tax bill, providing predictability for homeowners in managing their annual expenses.
Average Cranberry Township Tax Bill
$1,058
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cranberry Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16066 | $1,058 | $1,058 | $1,058 | $1,058 | $1,058 |
Source: Ownwell