East Waterford, Pennsylvania Property Taxes
The median property tax rate in East Waterford, PA is 9.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in East Waterford being $11,500, the typical annual property tax bill reaches $1,113, exceeding the national median of $2,690. Property taxes in East Waterford 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 East Waterford'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 East Waterford 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
East Waterford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.79%
Estimate Property Tax Bill
$1,126
Ownwell’s EAST WATERFORD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EAST WATERFORD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EAST WATERFORD 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 East Waterford, Pennsylvania
Property taxes in East Waterford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Waterford is 9.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Waterford set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Waterford 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 East Waterford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17021 has both the highest and the lowest median property tax rate of 9.79%. Understanding how these areas compare with East Waterford provides valuable insights into the varying tax landscape across Juniata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Waterford Tax Rate
9.79%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | 9.59% | 9.79% | 9.79% | 9.79% | 9.79% |
Source: Ownwell
Property Tax Assessment Values Across East Waterford, Pennsylvania
In East Waterford, 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 Juniata 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 East Waterford, 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 East Waterford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the region ranges from $640 at the 25th percentile to $3204 at the 90th percentile, with the highest and lowest median tax bill being $1113 in zip code 17021.
Property Tax Assessment Values Across East Waterford, Pennsylvania
Source: Ownwell
$9,205
$15,013
$20,820
Average East Waterford Assessed Value
$11,500
Average Juniata County Assessed Value
$17,920
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | $3,970 | $6,665 | $11,500 | $21,100 | $32,990 |
Source: Ownwell
Property Tax Bills Across East Waterford, Pennsylvania
In East Waterford, Juniata County, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in East Waterford, the median home price is $11,500, significantly lower than the national median. Tax bills in this area vary widely, with the 25th percentile at $640 and the 75th percentile at $2,053, indicating a range of property values and tax liabilities. The 90th percentile tax bill reaches up to $3,204, highlighting the impact of higher-value properties. Compared to the national median property tax rate of 0.99%, the tax burden in East Waterford can be relatively modest, but it can still significantly affect homeowners, particularly those with higher-value properties. Understanding how these taxes are calculated can help homeowners better manage their finances and anticipate annual expenses.
Average East Waterford Tax Bill
$1,113
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Waterford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17021 | $389 | $640 | $1,113 | $2,053 | $3,204 |
Source: Ownwell