Commodore, Pennsylvania Property Taxes
The median property tax rate in Commodore, PA is 1.44%, considerably higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With the median home value in Commodore being $75,050, the typical annual property tax bill reaches $1,105, which is below the national median of $2,690. Property taxes in Commodore 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 Commodore'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 Commodore 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
Commodore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.44%
Estimate Property Tax Bill
$1,081
Ownwell’s Commodore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Commodore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Commodore 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 Commodore, Pennsylvania
Property taxes in Commodore, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Commodore is 1.44%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Commodore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Commodore 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 Commodore's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15729 has the highest median property tax rate of 1.44%, while the same zip code also has the lowest median tax rate of 1.44%. Understanding how these areas compare with Commodore 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 Commodore Tax Rate
1.44%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Commodore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15729 | 1.44% | 1.44% | 1.44% | 1.44% | 1.44% |
Source: Ownwell
Property Tax Assessment Values Across Commodore, Pennsylvania
In Commodore, 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 Indiana County 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 Commodore, 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 Commodore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Commodore is $75,050. The median tax bill ranges significantly, with the 25th percentile at $608 and the 75th percentile at $1,863. The highest median tax bill is found in zip code 15729, amounting to $1,105.
Average Commodore Assessed Value
$75,050
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 Commodore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15729 | $20,580 | $40,575 | $75,050 | $128,775 | $190,810 |
Source: Ownwell
Property Tax Bills Across Commodore, Pennsylvania
In Commodore, located in Indiana County, PA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value to determine the annual tax bill. For example, the median home price in Commodore is $75,050, and homeowners can expect varying tax bills depending on their property's assessed value. At the 25th percentile, the tax bill is around $608, while at the 75th percentile, it rises to $1,863. For those at the 90th percentile, the tax bill can reach up to $2,753. These figures illustrate how the assessed value significantly impacts the amount homeowners pay in property taxes. Compared to the national median property tax rate of 0.99%, Commodore's tax rates can be seen as moderate. Homeowners should be aware that their tax obligations can vary widely, emphasizing the importance of understanding how local assessments and tax rates affect their financial responsibilities.
Average Commodore Tax Bill
$1,105
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Commodore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15729 | $363 | $608 | $1,105 | $1,863 | $2,753 |
Source: Ownwell