De Young, Pennsylvania Property Taxes
The median property tax rate in De Young, PA is 3.06%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in De Young, the typical annual property tax bill reaches $1,328, exceeding the national median of $2,690. Property taxes in De Young 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 De Young'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 De Young 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
De Young, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.06%
Estimate Property Tax Bill
$1,328
$1,232
Ownwell’s De Young Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in De Young with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in De Young 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 De Young, Pennsylvania
Property taxes in De Young, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in De Young is 3.06%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within De Young set these rates annually, and they can vary significantly across different neighborhoods. Each year, De Young 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 De Young's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16728 zip code has both the highest and lowest median property tax rate of 3.06%. Understanding how these cities compare with De Young 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 De Young Tax Rate
3.06%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across De Young, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16728 | 3.06% | 3.06% | 3.06% | 3.06% | 3.06% |
Source: Ownwell
Property Tax Assessment Values Across De Young, Pennsylvania
In De Young, 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 De Young, 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 De Young helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in De Young is $43,400, with the highest and lowest median tax bills both recorded at $1,328 in the 16728 zip code.
Average De Young Assessed Value
$43,400
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 De Young, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16728 | $35,480 | $38,450 | $43,400 | $48,350 | $51,320 |
Source: Ownwell
Property Tax Bills Across De Young, Pennsylvania
In De Young, PA, property tax bills are calculated based on the assessed value of a homeowner's property. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. For instance, with a median home price of $43,400, the tax bill can vary significantly. Homeowners in De Young can expect their property tax bills to fall between the 25th percentile at $1,177 and the 75th percentile at $1,480, with the 90th percentile reaching up to $1,570. These figures indicate that property taxes in De Young are relatively high compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the property's location within Elk County, local tax rates, and any applicable exemptions or deductions. These taxes fund essential services such as public schools, infrastructure, and emergency services, directly impacting homeowners by contributing to the overall quality of life in the community.
Average De Young Tax Bill
$1,328
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across De Young, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16728 | $1,086 | $1,177 | $1,328 | $1,480 | $1,570 |
Source: Ownwell