Breezewood, Pennsylvania Property Taxes
The median property tax rate in Breezewood, PA is 4.20%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Breezewood at $20,990, the typical annual property tax bill reaches $913, which is below the national median of $2,690. Property taxes in Breezewood are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Breezewood'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 Breezewood 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
Breezewood, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.2%
Estimate Property Tax Bill
$882
Ownwell’s Breezewood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Breezewood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Breezewood 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 Breezewood, Pennsylvania
Property taxes in Breezewood, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Breezewood is 1.46%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Breezewood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Breezewood 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 Breezewood's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, 15533 has the highest median property tax rate of 1.46%, while 15533 also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Breezewood provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Breezewood Tax Rate
4.20%
Average Fulton County Tax Rate
4.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Breezewood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15533 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
Source: Ownwell
Property Tax Assessment Values Across Breezewood, Pennsylvania
In Breezewood, 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 Fulton 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 Breezewood, 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 Breezewood helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15533 has the highest and lowest median tax bill, both at $913, which is significantly lower than the national median property tax rate of 0.99%.
Average Breezewood Assessed Value
$20,990
Average Fulton County Assessed Value
$13,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Breezewood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15533 | $7,468 | $11,968 | $20,990 | $38,702 | $55,869 |
Source: Ownwell
Property Tax Bills Across Breezewood, Pennsylvania
In Breezewood, located in Fulton County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Breezewood can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $497, while the 75th percentile tax bill reaches $1,626. At the 90th percentile, homeowners might see tax bills as high as $2,381. These figures illustrate the range of tax burdens faced by residents, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Breezewood's tax rates can have a substantial impact on homeowners' finances. Understanding how these factors interplay is crucial for homeowners looking to manage their expenses effectively and make informed decisions about their property investments.
Average Breezewood Tax Bill
$913
Average Fulton County Tax Bill
$734
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Breezewood, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15533 | $302 | $497 | $913 | $1,626 | $2,381 |
Source: Ownwell