Northpoint, Pennsylvania Property Taxes
The median property tax rate in Northpoint, PA is 2.07%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Northpoint at $47,450, the typical annual property tax bill reaches $981, which still exceeds the national median of $2,690. Property taxes in Northpoint 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 Northpoint'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 Northpoint 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
Northpoint, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$982
Ownwell’s Northpoint Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Northpoint with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Northpoint 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 Northpoint, Pennsylvania
Property taxes in Northpoint, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Northpoint is 2.07%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Northpoint set these rates annually, and they can vary significantly across different neighborhoods. Each year, Northpoint 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 Northpoint's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15763 within the same county has the highest median property tax rate of 2.07%, identical to Northpoint's rate. Understanding how these areas compare with Northpoint 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 Northpoint Tax Rate
2.07%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Northpoint, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15763 | 2.07% | 2.07% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Northpoint, Pennsylvania
In Northpoint, 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 Northpoint, 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 Northpoint helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Northpoint is $47,450, with the highest median tax bill being $981 in the 15763 zip code.
Average Northpoint Assessed Value
$47,450
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 Northpoint, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15763 | $16,620 | $32,650 | $47,450 | $61,575 | $126,420 |
Source: Ownwell
Property Tax Bills Across Northpoint, Pennsylvania
In Northpoint, Indiana County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value and is used to calculate the tax bill. Several factors influence this assessment, including the property's location, size, and condition. For homeowners in Northpoint, the tax bill can vary significantly. The 25th percentile tax bill is around $675, indicating that a quarter of homeowners pay less than this amount. On the higher end, the 75th percentile tax bill reaches approximately $1,273, while the 90th percentile tax bill can be as high as $2,614. These variations can impact homeowners differently, depending on their property's assessed value and the specific tax rate applied. Comparatively, the national median property tax rate stands at 0.99%, highlighting how local assessments and rates can diverge from national averages. Understanding these factors is crucial for homeowners looking to manage their property tax obligations effectively.
Average Northpoint Tax Bill
$981
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Northpoint, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15763 | $344 | $675 | $981 | $1,273 | $2,614 |
Source: Ownwell