Oakland Mills, Pennsylvania Property Taxes
The median property tax rate in Oakland Mills, PA is 9.75%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Oakland Mills at $13,570, the typical annual property tax bill reaches $1,323, surpassing the national median of $2,690. Property taxes in Oakland Mills are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Oakland Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Oakland Mills or another part of Juniata County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Oakland Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.75%
Estimate Property Tax Bill
$1,323
Ownwell’s Oakland Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Oakland Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Oakland 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Oakland Mills, Pennsylvania
Property taxes in Oakland Mills, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Oakland Mills is 9.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Oakland Mills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Oakland 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 Oakland Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17076 zip code has the highest median property tax rate of 9.75%, while the 17076 zip code also has the lowest median tax rate of 9.75%. Understanding how these cities compare with Oakland Mills 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 Oakland Mills Tax Rate
9.75%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Oakland Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17076 | 9.75% | 9.75% | 9.75% | 9.75% | 9.75% |
Source: Ownwell
Property Tax Assessment Values Across Oakland Mills, Pennsylvania
In Oakland 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 Juniata County Appraisal District 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 Oakland 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 Oakland Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Oakland Mills is $1,323 in the 17076 zip code, which is also the lowest median tax bill.
Property Tax Assessment Values Across Oakland Mills, Pennsylvania
Source: Ownwell
$9,205
$15,013
$20,820
Average Oakland Mills Assessed Value
$13,570
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 Oakland Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17076 | $7,454 | $10,750 | $13,570 | $20,380 | $33,286 |
Source: Ownwell
Property Tax Bills Across Oakland Mills, Pennsylvania
In Oakland Mills, 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 tax rate to determine the annual tax bill. In Juniata County, where Oakland Mills is located, homeowners experience a range of property tax bills. For instance, the 25th percentile tax bill is $1,048, while the 75th percentile tax bill reaches $1,986. The 90th percentile tax bill can go as high as $3,244, indicating a significant variance based on property values and specific assessments. The median home price in Oakland Mills is $13,570, which influences the overall tax burden on homeowners. Compared to the national median property tax rate of 0.99%, the local tax rates can vary, impacting the financial obligations of residents. Homeowners in Oakland Mills should be aware of these factors, as they directly affect their annual property tax bills and overall housing costs.
Average Oakland Mills Tax Bill
$1,323
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Oakland Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17076 | $727 | $1,048 | $1,323 | $1,986 | $3,244 |
Source: Ownwell