Aultman, Pennsylvania Property Taxes
The median property tax rate in Aultman, PA is 2.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Aultman, the typical annual property tax bill reaches $1,034, exceeding the national median of $2,690. Property taxes in Aultman 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 Aultman'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 Aultman or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Aultman, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$1,035
Ownwell’s Aultman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Aultman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Aultman 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 Aultman, Pennsylvania
Property taxes in Aultman, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Aultman is 2.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Aultman set these rates annually, and they can vary considerably across different neighborhoods. Each year, Aultman 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 foundation for setting property tax rates. The data below compares Aultman's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15713 has the highest median property tax rate of 2.32%, while the lowest median tax rate also stands at 2.32%. Understanding how these areas compare with Aultman provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Aultman Tax Rate
2.32%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Aultman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15713 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Aultman, Pennsylvania
In Aultman, 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 Indiana 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 Aultman, 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 Aultman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15713 at $1,034, which is also the lowest median tax bill in the area.
Average Aultman Assessed Value
$44,600
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Aultman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15713 | $24,880 | $38,800 | $44,600 | $50,700 | $62,440 |
Source: Ownwell
Property Tax Bills Across Aultman, Pennsylvania
In Aultman, Indiana 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 local government assessors who evaluate properties periodically. Homeowners in Aultman face varying tax bills, with the 25th percentile paying around $900 and the 75th percentile paying approximately $1,176 annually. At the 90th percentile, tax bills can reach up to $1,448. These tax bills are influenced by several factors, including changes in property values, local government budgets, and tax rates. For instance, the median home price in Aultman is $44,600, which plays a significant role in the calculation of the tax bill. Compared to the national median property tax rate of 0.99%, the tax rates in Aultman reflect local economic conditions and the funding needs of public services like schools and infrastructure. For homeowners, these taxes can significantly impact their annual expenses, influencing decisions about purchasing or maintaining property in the area.
Average Aultman Tax Bill
$1,034
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Aultman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15713 | $577 | $900 | $1,034 | $1,176 | $1,448 |
Source: Ownwell