Richfield, Pennsylvania Property Taxes
The median property tax rate in Richfield, PA is 9.84%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $18,090 in Richfield, the typical annual property tax bill reaches $1,778, which is lower than the national median of $2,690. Property taxes in Richfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Richfield'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 Richfield 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
Richfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.84%
Estimate Property Tax Bill
$1,780
Ownwell’s Richfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Richfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Richfield 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 Richfield, Pennsylvania
Property taxes in Richfield, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Richfield is 9.84%, significantly higher than the U.S. national median of 0.99%. Local government entities within Richfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Richfield 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 Richfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17086 has the highest median property tax rate of 9.84%, while the same zip code also has the lowest median tax rate of 9.84%. Understanding how these cities compare with Richfield 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 Richfield Tax Rate
9.84%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Richfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | 9.84% | 9.84% | 9.84% | 9.84% | 9.84% |
Source: Ownwell
Property Tax Assessment Values Across Richfield, Pennsylvania
In Richfield, 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 Richfield, 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 Richfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,778 in the 17086 zip code, while the lowest is also $1,778 in the same zip code.
Average Richfield Assessed Value
$18,090
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 Richfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | $6,791 | $10,670 | $18,090 | $26,408 | $36,387 |
Source: Ownwell
Property Tax Bills Across Richfield, Pennsylvania
In Richfield, Juniata County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Richfield face varying tax bills, influenced by factors like property size, location, and improvements. For instance, a median home in Richfield, valued at $18,090, sees tax bills ranging from $1,050 at the 25th percentile to $3,551 at the 90th percentile. The highest and lowest median tax bills in the area are both $1,778, indicating uniformity within certain zip codes. Compared to the national median property tax rate of 0.99%, Richfield's tax rate can significantly impact homeowners' finances. These property taxes fund essential local services such as schools, public safety, and infrastructure, making them a crucial aspect of community development. Homeowners must stay informed about their property's assessed value and any changes in the local tax rate to manage their annual tax obligations effectively.
Average Richfield Tax Bill
$1,778
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Richfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17086 | $668 | $1,050 | $1,778 | $2,591 | $3,551 |
Source: Ownwell