Ernest, Pennsylvania Property Taxes
The median property tax rate in Ernest, PA is 1.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ernest, the typical annual property tax bill reaches $1,163, exceeding the national median of $2,690. Property taxes in Ernest 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 Ernest'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 Ernest 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
Ernest, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$1,162
Ownwell’s Ernest Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ernest with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ernest 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 Ernest, Pennsylvania
Property taxes in Ernest, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ernest is 1.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ernest set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ernest 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 Ernest's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15739 has the highest median property tax rate of 1.95%, while also having the lowest median tax rate of 1.95%. Understanding how these cities compare with Ernest 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 Ernest Tax Rate
1.95%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ernest, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15739 | 1.95% | 1.95% | 1.95% | 1.95% | 1.95% |
Source: Ownwell
Property Tax Assessment Values Across Ernest, Pennsylvania
In Ernest, 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 Ernest, 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 Ernest helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $1163 in the 15739 zip code, while the lowest is also in the 15739 zip code.
Average Ernest Assessed Value
$59,600
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 Ernest, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15739 | $38,400 | $50,400 | $59,600 | $67,100 | $76,720 |
Source: Ownwell
Property Tax Bills Across Ernest, Pennsylvania
In Ernest, Indiana County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Ernest typically see a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $993, while the 75th percentile tax bill is approximately $1308. The highest median tax bill in the area is $1163, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the property's market value, its condition, and any improvements made. These tax bills can significantly impact homeowners by affecting their monthly mortgage payments and overall housing affordability. Understanding how these taxes are calculated helps homeowners plan their finances better and potentially seek appeals or exemptions if they believe their property has been over-assessed.
Average Ernest Tax Bill
$1,163
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ernest, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15739 | $782 | $993 | $1,163 | $1,308 | $1,495 |
Source: Ownwell