Weedville, Elk County, Pennsylvania Property Taxes
The median property tax rate in Weedville, 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 Weedville, the typical annual property tax bill reaches $713, which, while lower than the national median of $2,690, reflects the region's higher tax rate. Property taxes in Weedville 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 Weedville'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 Weedville 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
Weedville, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$717
$666
Ownwell’s Weedville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Weedville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Weedville 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 Weedville, Elk County, Pennsylvania
Property taxes in Weedville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Weedville is 2.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Weedville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Weedville 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 Weedville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15868 zip code 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 Weedville 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 Weedville 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 Weedville, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15868 | 2.90% | 2.93% | 2.94% | 2.94% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Weedville, Elk County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Weedville, PA. 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 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 Weedville, 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. For instance, the median home price in Weedville is $24,400, with tax bills ranging from $235 at the 25th percentile to $2,099 at the 90th percentile. 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 Weedville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Weedville, Elk County, Pennsylvania
Source: Ownwell
$11,700
$31,450
$51,200
Average Weedville Assessed Value
$24,400
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 Weedville, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15868 | $3,300 | $8,000 | $24,400 | $48,800 | $71,580 |
Source: Ownwell
Property Tax Bills Across Weedville, Elk County, Pennsylvania
In Weedville, 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 and reflects the market value of the property. In Weedville, the median home price is $24,400. Homeowners in this area can expect varying tax bills, with the 25th percentile tax bill at $235 and the 75th percentile tax bill reaching up to $1,431. For those in the 90th percentile, tax bills can go as high as $2,099. The tax rate in Weedville is influenced by the funding needs of local services such as schools, infrastructure, and public safety. This means that homeowners with higher property values will pay more in taxes. Compared to the national median property tax rate of 0.99%, the tax burden in Weedville can be substantial for some homeowners. Understanding these factors can help residents anticipate their tax obligations and plan their finances accordingly.
Average Weedville Tax Bill
$713
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Weedville, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15868 | $97 | $235 | $713 | $1,431 | $2,099 |
Source: Ownwell