Smicksburg, Pennsylvania Property Taxes
The median property tax rate in Smicksburg, PA is 2.07%, 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 $120,500 in Smicksburg, the typical annual property tax bill amounts to $2,309, which is below the national median of $2,690. Property taxes in Smicksburg are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Smicksburg'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 Smicksburg or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Smicksburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.07%
Estimate Property Tax Bill
$2,494
Ownwell’s Smicksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smicksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smicksburg 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 Smicksburg, Pennsylvania
Property taxes in Smicksburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Smicksburg is 2.07%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Smicksburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smicksburg 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. For comparison, the 16256 zip code has the highest median property tax rate of 2.07%, while the 16256 zip code also has the lowest median tax rate of 2.07%. Understanding how these cities compare with Smicksburg 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 Smicksburg 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 Smicksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16256 | 1.39% | 1.78% | 2.07% | 2.07% | 2.07% |
Source: Ownwell
Property Tax Assessment Values Across Smicksburg, Pennsylvania
In Smicksburg, 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 Smicksburg, 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. For instance, the highest median tax bill in the area is $2,309 in zip code 16256, while the lowest is also $2,309 in the same zip code. Being aware of these valuation processes in Smicksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Smicksburg Assessed Value
$120,500
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 Smicksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16256 | $20,880 | $70,100 | $120,500 | $188,250 | $270,700 |
Source: Ownwell
Property Tax Bills Across Smicksburg, Pennsylvania
In Smicksburg, 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 assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $120,500, homeowners can expect their property tax bills to vary significantly. The tax bill at the 25th percentile is around $1,366, while at the 75th percentile, it reaches approximately $3,494, and at the 90th percentile, it can be as high as $5,040. These figures illustrate how property taxes can impact homeowners differently based on the assessed value of their properties. Comparing this to the national median property tax rate of 0.99%, homeowners in Smicksburg may find their tax obligations either higher or lower depending on the specific assessed value of their homes and the local tax rate applied.
Average Smicksburg Tax Bill
$2,309
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Smicksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16256 | $622 | $1,366 | $2,309 | $3,494 | $5,040 |
Source: Ownwell