Mount Union, Pennsylvania Property Taxes
The median property tax rate in Mount Union, PA is 5.19%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mount Union, the typical annual property tax bill reaches $452, which, while lower in dollar amount compared to the national median of $2,690, reflects the high tax rate relative to home values. Property taxes in Mount Union are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Mount Union'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 Mount Union 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
Mount Union, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.19%
Estimate Property Tax Bill
$503
Ownwell’s Mount Union Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Union with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Union 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 Mount Union, Pennsylvania
Property taxes in Mount Union, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Union is 5.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Union 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 Mount Union's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17066 has both the highest and lowest median property tax rate of 5.19%. Understanding how these areas compare with Mount Union 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 Mount Union Tax Rate
5.19%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | 5.19% | 5.19% | 5.19% | 5.19% | 6.71% |
Source: Ownwell
Property Tax Assessment Values Across Mount Union, Pennsylvania
In Mount Union, 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 Huntingdon 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 Mount Union, 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 Mount Union helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Mount Union is $9,700, with tax bills ranging from $302 at the 25th percentile to $1,527 at the 90th percentile. The highest and lowest median tax bills are both $452 in the 17066 zip code.
Average Mount Union Assessed Value
$9,700
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 Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | $4,380 | $6,050 | $9,700 | $18,450 | $29,840 |
Source: Ownwell
Property Tax Bills Across Mount Union, Pennsylvania
In Mount Union, located in Huntingdon County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Once the assessed value is set, the local tax rate, also known as the millage rate, is applied to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. In Mount Union, the median home price is $9,700, which is relatively low compared to national standards. As a result, property tax bills can vary widely. For example, the tax bill at the 25th percentile is $302, while at the 75th percentile, it jumps to $969, and at the 90th percentile, it reaches $1,527. These property tax bills directly impact homeowners by influencing their overall housing costs. Higher property taxes can affect affordability, while lower taxes may make homeownership more accessible. Understanding how these taxes are calculated can help homeowners better manage their financial planning.
Average Mount Union Tax Bill
$452
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | $127 | $302 | $452 | $969 | $1,527 |
Source: Ownwell