Dagus Mines, Elk County, Pennsylvania Property Taxes
The median property tax rate in Dagus Mines, PA is 2.80%, slightly lower than the Pennsylvania state median of 2.81% but still significantly higher than the national median of 0.99%. With the median home value in Dagus Mines at $35,200, the typical annual property tax bill reaches $984, which is below the national median of $2,690. Property taxes in Dagus Mines are calculated based on the tax assessed value, often lower than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Dagus Mines' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Dagus Mines 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
Dagus Mines, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$986
$915
Ownwell’s Dagus Mines Property Tax Bill Calculator allows homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dagus Mines with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Dagus Mines to provide an accurate property tax bill estimate. This user-friendly tool helps you understand your potential tax liabilities with ease. For those interested in neighborhood-level trends, you can scroll down for more localized insights. Your property’s assessed value is determined by the county for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Dagus Mines, Elk County, Pennsylvania
Property taxes in Dagus Mines, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dagus Mines is 2.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Dagus Mines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dagus Mines 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 Dagus Mines' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15831 has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these cities compare with Dagus Mines 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 Dagus Mines Tax Rate
2.80%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dagus Mines, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15831 | 2.79% | 2.79% | 2.79% | 2.80% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Dagus Mines, Elk County, Pennsylvania
In Dagus Mines, 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 Dagus Mines, 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 Dagus Mines helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 15831 has both the highest and lowest median tax bills at $984.
Property Tax Assessment Values Across Dagus Mines, Elk County, Pennsylvania
Source: Ownwell
$11,700
$31,450
$51,200
Average Dagus Mines Assessed Value
$35,200
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 Dagus Mines, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15831 | $14,760 | $26,900 | $35,200 | $56,400 | $76,140 |
Source: Ownwell
Property Tax Bills Across Dagus Mines, Elk County, Pennsylvania
In Dagus Mines, located in Elk County, PA, property tax bills are calculated by assessing the value of a home and applying the local tax rate to this assessed value. The median home price in this area is $35,200, which serves as the basis for determining the property tax owed. Factors that influence the tax bill include the assessed value of the property and the specific tax rate set by local authorities. For homeowners in Dagus Mines, property tax bills can vary significantly. At the 25th percentile, a tax bill might be around $752, while at the 75th percentile, it can reach up to $1,576. The top 10% of tax bills can even go as high as $2,128. This variation affects homeowners differently, depending on the value of their property. Compared to the national median property tax rate of 0.99%, the tax rates in Dagus Mines are relatively modest, making it a more affordable region in terms of property taxes. This can be a crucial factor for potential homeowners considering the financial implications of property ownership in the area.
Average Dagus Mines Tax Bill
$984
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dagus Mines, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15831 | $413 | $752 | $984 | $1,576 | $2,128 |
Source: Ownwell