Bobtown, Pennsylvania Property Taxes
The median property tax rate in Bobtown, PA is 3.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bobtown at $21,860, the typical annual property tax bill reaches $798, which is below the national median of $2,690. Property taxes in Bobtown 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 Bobtown'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 Bobtown or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bobtown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.65%
Estimate Property Tax Bill
$798
Ownwell’s Bobtown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bobtown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bobtown 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 Bobtown, Pennsylvania
Property taxes in Bobtown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bobtown is 3.65%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bobtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bobtown 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 Bobtown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15315 has the highest median property tax rate of 3.65%, while the same zip code also has the lowest median tax rate of 3.65%. Understanding how these areas compare with Bobtown provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bobtown Tax Rate
3.65%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bobtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15315 | 3.65% | 3.65% | 3.65% | 3.65% | 3.65% |
Source: Ownwell
Property Tax Assessment Values Across Bobtown, Pennsylvania
In Bobtown, 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 local 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 Bobtown, 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 Bobtown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bobtown is $21,860, with the 25th percentile tax bill at $676 and the 75th percentile at $941. The highest and lowest median tax bills, both at $798, are found in the 15315 zip code.
Average Bobtown Assessed Value
$21,860
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bobtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15315 | $13,120 | $18,520 | $21,860 | $25,770 | $29,818 |
Source: Ownwell
Property Tax Bills Across Bobtown, Pennsylvania
In Bobtown, located in Greene 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's assessment office and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Bobtown face a median property tax bill of $798, which is relatively low compared to the national median property tax rate of 0.99%. For instance, homes in the 25th percentile have tax bills around $676, while those in the 75th percentile see bills closer to $941. At the 90th percentile, tax bills can reach up to $1088. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Understanding how these taxes are calculated helps homeowners plan their finances better and ensures they are prepared for their annual tax obligations.
Average Bobtown Tax Bill
$798
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bobtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15315 | $479 | $676 | $798 | $941 | $1,088 |
Source: Ownwell