Petersburg, Pennsylvania Property Taxes
The median property tax rate in Petersburg, PA is 6.06%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Petersburg, the typical annual property tax bill reaches $669, which is lower than the national median of $2,690. Property taxes in Petersburg 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 Petersburg'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 Petersburg 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
Petersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.06%
Estimate Property Tax Bill
$764
Ownwell’s Petersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Petersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Petersburg 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 Petersburg, Pennsylvania
Property taxes in Petersburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Petersburg is 6.06%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Petersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Petersburg 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 Petersburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16669 zip code has both the highest and lowest median property tax rate at 6.06%. Understanding how these cities compare with Petersburg 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 Petersburg Tax Rate
6.06%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16669 | 0.61% | 5.91% | 6.06% | 6.06% | 6.11% |
Source: Ownwell
Property Tax Assessment Values Across Petersburg, Pennsylvania
In Petersburg, 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 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. 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 Petersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $669.00 in zip code 16669, while the lowest median tax bill is also $669.00 in the same zip code.
Average Petersburg Assessed Value
$12,600
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 Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16669 | $5,270 | $7,625 | $12,600 | $22,075 | $36,700 |
Source: Ownwell
Property Tax Bills Across Petersburg, Pennsylvania
In Petersburg, located in Huntingdon County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the market value of the property and applies an assessment ratio to arrive at the taxable value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Petersburg, the median home price is $12,600. Property tax bills can vary significantly, with the 25th percentile tax bill at $391 and the 75th percentile tax bill at $1,138. The 90th percentile tax bill can reach up to $2,126. These figures illustrate the range of property tax burdens homeowners may face, depending on the assessed value of their property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Petersburg experience a diverse range of tax bills, impacting their annual financial obligations and influencing their overall cost of living.
Average Petersburg Tax Bill
$669
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Petersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16669 | $120 | $391 | $669 | $1,138 | $2,126 |
Source: Ownwell