Creekside, Pennsylvania Property Taxes
The median property tax rate in Creekside, PA is 1.77%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Creekside, the typical annual property tax bill reaches $1,716, which is below the national median of $2,690. Property taxes in Creekside 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 Creekside'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 Creekside 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
Creekside, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.77%
Estimate Property Tax Bill
$1,695
Ownwell’s Creekside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Creekside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Creekside 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 Indiana County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Creekside, Pennsylvania
Property taxes in Creekside, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Creekside is 1.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Creekside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Creekside 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 Creekside's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15732 zip code has the highest median property tax rate of 1.77%, while the same zip code also has the lowest median tax rate of 1.77%. Understanding how these cities compare with Creekside 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 Creekside Tax Rate
1.77%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Creekside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15732 | 1.77% | 1.77% | 1.77% | 1.77% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Creekside, Pennsylvania
In Creekside, 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 Creekside, 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. The median home price in Creekside is $95,750, with tax bills ranging from $1,142 at the 25th percentile to $3,974 at the 90th percentile. The zip code with the highest and lowest median tax bill is 15732, with a value of $1,716. 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 Creekside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Creekside Assessed Value
$95,750
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 Creekside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15732 | $18,460 | $62,400 | $95,750 | $149,800 | $225,070 |
Source: Ownwell
Property Tax Bills Across Creekside, Pennsylvania
In Creekside, located in Indiana County, PA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on the market value of the property, which is periodically reassessed to reflect current market conditions. Various factors, such as property size, location, and improvements, are considered in the assessment process. For homeowners in Creekside, the median home price stands at $95,750. Property tax rates in this region can significantly affect annual tax bills. For instance, the tax bill at the 25th percentile is $1,142, while at the 75th percentile, it rises to $2,668. At the 90th percentile, homeowners may see tax bills as high as $3,974. These figures highlight the range of property tax burdens depending on property values and local tax rates. Compared to the national median property tax rate of 0.99%, Creekside's property tax rates can vary, impacting homeowners' financial planning and overall cost of homeownership.
Average Creekside Tax Bill
$1,716
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Creekside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15732 | $385 | $1,142 | $1,716 | $2,668 | $3,974 |
Source: Ownwell