Guys Mills, Pennsylvania Property Taxes
The median property tax rate in Guys Mills, PA is 5.85%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Guys Mills at $24,751, the typical annual property tax bill reaches $1,392, surpassing the national median of $2,690. Property taxes in Guys Mills are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Guys Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Guys Mills 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
Guys Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.85%
Estimate Property Tax Bill
$1,448
Ownwell’s Guys Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Guys Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Guys Mills 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 Guys Mills, Pennsylvania
Property taxes in Guys Mills, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Guys Mills is 5.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Guys Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Guys Mills 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 Guys Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16327 has both the highest and lowest median property tax rate of 5.85%. Understanding how these areas compare with Guys Mills 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 Guys Mills Tax Rate
5.85%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Guys Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16327 | 5.82% | 5.84% | 5.85% | 5.93% | 6.00% |
Source: Ownwell
Property Tax Assessment Values Across Guys Mills, Pennsylvania
In Guys Mills, 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 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 Guys Mills, 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 Guys Mills 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 in the area is 16327, with a median tax bill of $1,392.
Average Guys Mills Assessed Value
$24,751
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 Guys Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16327 | $8,299 | $14,850 | $24,751 | $38,699 | $51,563 |
Source: Ownwell
Property Tax Bills Across Guys Mills, Pennsylvania
In Guys Mills, Crawford County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For example, the median home price in Guys Mills is $24,751, and homeowners can expect tax bills to vary significantly. The 25th percentile tax bill is around $861, while the 75th percentile tax bill reaches $2,262, and the 90th percentile tax bill can go up to $3,032. These property taxes can significantly impact homeowners, as they contribute to the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, the rates in Guys Mills reflect local economic conditions and public service funding needs. Homeowners in this area must budget accordingly to manage this recurring expense effectively.
Average Guys Mills Tax Bill
$1,392
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Guys Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16327 | $473 | $861 | $1,392 | $2,262 | $3,032 |
Source: Ownwell