Marion Center, Pennsylvania Property Taxes
The median property tax rate in Marion Center, PA is 1.80%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $107,750 in Marion Center, the typical annual property tax bill reaches $1,951, which is below the national median of $2,690. Property taxes in Marion Center 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 Marion Center'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 Marion Center 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
Marion Center, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,940
Ownwell’s Marion Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marion Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marion Center 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 Marion Center, Pennsylvania
Property taxes in Marion Center, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marion Center is 1.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Marion Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marion Center 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 Marion Center's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15759 has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these areas compare with Marion Center 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 Marion Center Tax Rate
1.80%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marion Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15759 | 1.74% | 1.74% | 1.80% | 1.80% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Marion Center, Pennsylvania
In Marion Center, 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 Marion Center, 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 Marion Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15759 has the highest and lowest median tax bill at $1951.
Property Tax Assessment Values Across Marion Center, Pennsylvania
Source: Ownwell
$24,600
$83,500
$142,400
Average Marion Center Assessed Value
$107,750
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 Marion Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15759 | $29,740 | $68,975 | $107,750 | $171,675 | $254,350 |
Source: Ownwell
Property Tax Bills Across Marion Center, Pennsylvania
In Marion Center, Indiana County, PA, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. The assessed value is a percentage of the market value, reflecting the home's worth in the current real estate market. Homeowners in Marion Center typically see property tax bills varying widely, with the 25th percentile at $1,275 and the 75th percentile at $3,074. The highest median tax bill in the area is $1,951, which is notably higher than the national median property tax rate of 0.99%. Several factors contribute to the final tax bill, including property size, location, and any applicable exemptions or deductions. This system ensures that property taxes are proportionate to the value of the home, impacting homeowners by directly correlating their tax responsibilities with their property's market value. Understanding these factors can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Marion Center Tax Bill
$1,951
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marion Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15759 | $650 | $1,275 | $1,951 | $3,074 | $4,532 |
Source: Ownwell