Byrnedale, Elk County, Pennsylvania Property Taxes
The median property tax rate in Byrnedale, PA is 2.94%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Byrnedale at $31,100, the typical annual property tax bill reaches $913, which is lower than the national median of $2,690. Property taxes in Byrnedale 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 Byrnedale'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 Byrnedale or another part of Elk County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Byrnedale, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$914
$848
Ownwell’s Byrnedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Byrnedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Byrnedale 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 Byrnedale, Elk County, Pennsylvania
Property taxes in Byrnedale, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Byrnedale is 2.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Byrnedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Byrnedale 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 Byrnedale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15827 has the highest median property tax rate of 2.94%, while the same zip code also has the lowest median tax rate of 2.94%. Understanding how these cities compare with Byrnedale provides valuable insights into the varying tax landscape across Elk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Byrnedale Tax Rate
2.94%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Byrnedale, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15827 | 2.93% | 2.94% | 2.94% | 2.94% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Byrnedale, Elk County, Pennsylvania
In Byrnedale, 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 Elk 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 Byrnedale, 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 Byrnedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Byrnedale is $31,100, with the highest median tax bill found in zip code 15827 at $913.00.
Property Tax Assessment Values Across Byrnedale, Elk County, Pennsylvania
Source: Ownwell
$11,700
$31,450
$51,200
Average Byrnedale Assessed Value
$31,100
Average Elk County Assessed Value
$39,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Byrnedale, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15827 | $1,800 | $4,800 | $31,100 | $36,400 | $46,800 |
Source: Ownwell
Property Tax Bills Across Byrnedale, Elk County, Pennsylvania
In Byrnedale, property tax bills are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. For instance, a median home price of $31,100 in Byrnedale results in varying tax bills, influenced by factors such as property size, location, and improvements. Homeowners in the 25th percentile pay around $141, while those in the 75th percentile face bills closer to $1,068. The tax bill can reach up to $1,374 for properties in the 90th percentile. These taxes contribute to essential community services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Byrnedale's property taxes reflect the local economic conditions and funding needs, impacting homeowners' financial planning and the affordability of living in the area.
Average Byrnedale Tax Bill
$913
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Byrnedale, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15827 | $53 | $141 | $913 | $1,068 | $1,374 |
Source: Ownwell