Honey Grove, Pennsylvania Property Taxes
The median property tax rate in Honey Grove, PA is 9.59%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Honey Grove at $15,830, the typical annual property tax bill reaches $1,520, which is below the national median of $2,690. Property taxes in Honey Grove 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 Honey Grove'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 Honey Grove 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
Honey Grove, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.59%
Estimate Property Tax Bill
$1,518
Ownwell’s Honey Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Honey Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Honey Grove 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 Honey Grove, Pennsylvania
Property taxes in Honey Grove, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Honey Grove is 9.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Honey Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Honey Grove 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 Honey Grove's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17035 zip code has the highest median property tax rate of 9.59%, while the same zip code also has the lowest median tax rate of 9.59%. Understanding how these cities compare with Honey Grove 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 Honey Grove Tax Rate
9.59%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | 9.59% | 9.59% | 9.59% | 9.59% | 9.63% |
Source: Ownwell
Property Tax Assessment Values Across Honey Grove, Pennsylvania
In Honey Grove, 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 Honey Grove, 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 Honey Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median home price in Honey Grove is $15,830, with tax bills ranging from $725 at the 25th percentile to $3,562 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 17035, amounting to $1,520.
Average Honey Grove Assessed Value
$15,830
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 Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | $2,984 | $7,550 | $15,830 | $24,550 | $37,098 |
Source: Ownwell
Property Tax Bills Across Honey Grove, Pennsylvania
In Honey Grove, located in Juniata County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Honey Grove is $15,830, and homeowners can expect varying tax bills depending on their property’s assessed value. For instance, the tax bill at the 25th percentile is $725, while at the 75th percentile, it rises to $2,362, and at the 90th percentile, it can reach as high as $3,562. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Honey Grove should be aware of these figures as they can significantly impact their annual budgeting. Compared to the national median property tax rate of 0.99%, the rates in Honey Grove reflect the local economic conditions and funding needs. Understanding these factors can help homeowners better manage their financial planning and property investments.
Average Honey Grove Tax Bill
$1,520
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Honey Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17035 | $295 | $725 | $1,520 | $2,362 | $3,562 |
Source: Ownwell