Hallton, Pennsylvania Property Taxes
The median property tax rate in Hallton, PA is 2.99%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hallton, the typical annual property tax bill reaches $210, which is significantly lower than the national median of $2,690. Property taxes in Hallton 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 Hallton'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 Hallton 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
Hallton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.99%
Estimate Property Tax Bill
$209
Ownwell’s Hallton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hallton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hallton 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 Hallton, Pennsylvania
Property taxes in Hallton, Pennsylvania, are essential for funding key local services such as public schools, road maintenance, and emergency services. The median tax rate in Hallton is 1.46%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Hallton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hallton 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 Hallton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15860 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Hallton 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 Hallton Tax Rate
2.99%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hallton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | 2.99% | 2.99% | 2.99% | 2.99% | 2.99% |
Source: Ownwell
Property Tax Assessment Values Across Hallton, Pennsylvania
In Hallton, 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 Hallton, 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 Hallton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15860 has the highest median tax bill at $210, while the lowest median tax bill is also in zip code 15860 at $210.
Average Hallton Assessed Value
$7,000
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 Hallton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | $2,200 | $4,600 | $7,000 | $8,200 | $8,320 |
Source: Ownwell
Property Tax Bills Across Hallton, Pennsylvania
In Hallton, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Hallton is $7,000, significantly lower than the national median. Homeowners in this region can expect property tax bills ranging from $138 at the 25th percentile to $246 at the 75th percentile, with the 90th percentile reaching up to $249. The highest and lowest median tax bills both stand at $210, reflecting a consistent tax rate across different properties. This relatively low property tax burden can make homeownership more affordable compared to other regions. However, it also means that local government services may rely on other funding sources, given the modest revenue generated from property taxes. Understanding these factors is crucial for homeowners planning their long-term financial commitments and investments in Hallton.
Average Hallton Tax Bill
$210
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hallton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | $66 | $138 | $210 | $246 | $249 |
Source: Ownwell