Rochester Mills, Pennsylvania Property Taxes
The median property tax rate in Rochester Mills, PA is 1.74%, which is significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $97,200 in Rochester Mills, the typical annual property tax bill amounts to $1,630, falling short of the national median of $2,690. Property taxes in Rochester Mills are calculated based on the tax assessed value, which usually comes in below the market value due to exemptions like those for primary residences and agricultural properties. Understanding Rochester Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Rochester Mills or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rochester Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.74%
Estimate Property Tax Bill
$1,691
Ownwell’s Rochester Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rochester Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rochester Mills 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 Rochester Mills, Pennsylvania
Property taxes in Rochester Mills, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rochester Mills is 1.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rochester Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rochester Mills 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 Rochester Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15771 zip code has both the highest and lowest median property tax rate of 1.74%. Understanding how these cities compare with Rochester Mills 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 Rochester Mills Tax Rate
1.74%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rochester Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15771 | 1.39% | 1.39% | 1.74% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Rochester Mills, Pennsylvania
In Rochester Mills, 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 Rochester Mills, 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 Rochester Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15771 in Rochester Mills has the highest and lowest median tax bills, both at $1,630.
Property Tax Assessment Values Across Rochester Mills, Pennsylvania
Source: Ownwell
$24,600
$83,500
$142,400
Average Rochester Mills Assessed Value
$97,200
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 Rochester Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15771 | $23,880 | $62,500 | $97,200 | $167,500 | $252,440 |
Source: Ownwell
Property Tax Bills Across Rochester Mills, Pennsylvania
In Rochester Mills, located in Indiana County, PA, property tax bills are determined by assessing the property's market value and applying the local tax rate. The median home price in Rochester Mills is $97,200, which serves as a baseline for calculating property taxes. Homeowners can expect their tax bills to vary significantly, depending on the assessed value of their property and specific local tax rates. For instance, the 25th percentile tax bill in Rochester Mills is $1,083, while the 75th percentile reaches $2,675, and the 90th percentile can be as high as $3,912. These variations reflect differences in property values and the specific tax rates applied. The highest median tax bill in the area is $1,630, which is notably higher than the national median property tax rate of 0.99%. These property tax bills impact homeowners by influencing their overall housing costs. Higher property taxes can affect affordability and the long-term financial planning of residents in Rochester Mills.
Average Rochester Mills Tax Bill
$1,630
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rochester Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15771 | $590 | $1,083 | $1,630 | $2,675 | $3,912 |
Source: Ownwell