Calvin, Pennsylvania Property Taxes
The median property tax rate in Calvin, PA is 5.28%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Calvin, the typical annual property tax bill reaches $1,181, exceeding the national median of $2,690. Property taxes in Calvin 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 Calvin'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 Calvin 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
Calvin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.28%
Estimate Property Tax Bill
$1,236
Ownwell’s Calvin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Calvin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calvin 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 Calvin, Pennsylvania
Property taxes in Calvin, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calvin is 5.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Calvin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calvin 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 Calvin's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16622 zip code has both the highest and lowest median property tax rate of 5.28%. Understanding how these areas compare with Calvin provides valuable insights into the varying tax landscape across Huntingdon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Calvin Tax Rate
5.28%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Calvin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16622 | 4.21% | 5.13% | 5.28% | 5.28% | 5.28% |
Source: Ownwell
Property Tax Assessment Values Across Calvin, Pennsylvania
In Calvin, 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 Calvin, 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 Calvin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Calvin is $23,400, with tax bills ranging from $470 at the 25th percentile to $2,509 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,181 in the 16622 zip code.
Average Calvin Assessed Value
$23,400
Average Huntingdon County Assessed Value
$15,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Calvin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16622 | $8,640 | $12,700 | $23,400 | $46,000 | $59,260 |
Source: Ownwell
Property Tax Bills Across Calvin, Pennsylvania
In Calvin, located in Huntingdon 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 is a percentage of the property's market value. For instance, with a median home price of $23,400, the property tax rate is applied to this assessed value to determine the tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Calvin can expect their property tax bills to vary significantly. At the 25th percentile, tax bills are around $470, while at the 75th percentile, they can reach up to $2,069. The highest tax bills, at the 90th percentile, can be as much as $2,509. These figures highlight the range of property tax burdens faced by residents, which can impact their financial planning and overall cost of living. Compared to the national median property tax rate of 0.99%, Calvin's property taxes can be relatively high, especially for homes with higher assessed values.
Average Calvin Tax Bill
$1,181
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Calvin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16622 | $387 | $470 | $1,181 | $2,069 | $2,509 |
Source: Ownwell