Todd, Pennsylvania Property Taxes
The median property tax rate in Todd, PA is 6.51%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Todd, the typical annual property tax bill reaches $1,055, exceeding the national median of $2,690. Property taxes in Todd 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 Todd'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 Todd 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
Todd, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.51%
Estimate Property Tax Bill
$1,302
Ownwell’s Todd Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Todd with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Todd 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 Todd, Pennsylvania
Property taxes in Todd, Pennsylvania, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Todd is 1.21%, which is higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities in Todd set these rates annually, and they can vary significantly across different neighborhoods. Each year, Todd 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 Todd's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16685 zip code has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Todd 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 Todd Tax Rate
6.51%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Todd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16685 | 0.65% | 5.28% | 6.51% | 6.51% | 6.51% |
Source: Ownwell
Property Tax Assessment Values Across Todd, Pennsylvania
In Todd, 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 Assessor 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 Todd helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Todd are both $1,055, found in zip code 16685.
Average Todd Assessed Value
$20,000
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 Todd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16685 | $6,400 | $13,200 | $20,000 | $31,250 | $38,700 |
Source: Ownwell
Property Tax Bills Across Todd, Pennsylvania
In Todd, a city located in Huntingdon County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by local assessors. Factors influencing the tax bill include the property's location, size, and any improvements made. Homeowners in Todd can expect a wide range of property tax bills. For instance, the tax bill at the 25th percentile is about $670, while at the 75th percentile, it rises to $1,891, and at the 90th percentile, it reaches $2,342. Comparatively, the national median property tax rate stands at 0.99%. The median home price in Todd is around $20,000, which significantly impacts the overall tax bill. The highest and lowest median tax bills in the county are both $1,055, indicating a relatively stable tax environment. This system ensures that homeowners contribute fairly to local services and infrastructure, based on their property's value.
Average Todd Tax Bill
$1,055
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Todd, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16685 | $155 | $670 | $1,055 | $1,891 | $2,342 |
Source: Ownwell