Force, Elk County, Pennsylvania Property Taxes
The median property tax rate in FORCE, 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 FORCE, the typical annual property tax bill reaches $942, which is significantly lower than the national median of $2,690. Property taxes in FORCE 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 FORCE'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 FORCE 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
Force, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$944
$876
Ownwell’s FORCE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FORCE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FORCE 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 Force, Elk County, Pennsylvania
Property taxes in Force, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Force is 2.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Force set these rates annually, and they can vary significantly across different neighborhoods. Each year, Force 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 Force's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15841 zip code has the highest median property tax rate of 2.94%, while the 15841 zip code also has the lowest median tax rate of 2.94%. Understanding how these cities compare with Force 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 Force 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 Force, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15841 | 2.93% | 2.93% | 2.94% | 2.94% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Force, Elk County, Pennsylvania
In FORCE, 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 FORCE, 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 FORCE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 15841, with a median tax bill of $942.
Property Tax Assessment Values Across Force, Elk County, Pennsylvania
Source: Ownwell
$11,700
$31,450
$51,200
Average Force Assessed Value
$32,100
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 Force, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15841 | $2,800 | $25,150 | $32,100 | $36,650 | $43,020 |
Source: Ownwell
Property Tax Bills Across Force, Elk County, Pennsylvania
In FORCE, located in Elk County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $32,100, homeowners can expect to pay a tax bill that varies significantly within the city. The 25th percentile tax bill is around $738, while the 75th percentile tax bill reaches $1076, and the 90th percentile tax bill can go up to $1263. These variations depend on the specific assessed value of the property and any applicable exemptions. Compared to the national median property tax rate of 0.99%, the tax rates in FORCE can place a considerable financial burden on homeowners, especially those with higher-valued properties. Understanding these factors helps homeowners manage their finances and anticipate their annual tax obligations accurately.
Average Force Tax Bill
$942
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Force, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15841 | $82 | $738 | $942 | $1,076 | $1,263 |
Source: Ownwell