Villa Maria, Pennsylvania Property Taxes
The median property tax rate in Villa Maria, PA is 2.59%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Villa Maria at $110,500, the typical annual property tax bill reaches $2,857, exceeding the national median of $2,690. Property taxes in Villa Maria 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 Villa Maria'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 Villa Maria 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
Villa Maria, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.59%
Estimate Property Tax Bill
$2,862
Ownwell’s Villa Maria Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Villa Maria with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Villa Maria 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 Villa Maria, Pennsylvania
Property taxes in Villa Maria, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Villa Maria is 2.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Villa Maria set these rates annually, and they can vary significantly across different neighborhoods. Each year, Villa Maria 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 Villa Maria's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16155 zip code has the highest median property tax rate of 2.59%, while the same zip code also has the lowest median tax rate of 2.59%. Understanding how these cities compare with Villa Maria provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Villa Maria Tax Rate
2.59%
Average Lawrence County Tax Rate
2.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Villa Maria, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16155 | 2.59% | 2.59% | 2.59% | 2.59% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Villa Maria, Pennsylvania
In Villa Maria, Pennsylvania, understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes. The market value represents 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 Lawrence 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 Villa Maria, 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. Notably, the median home price in Villa Maria is $110,500, with the highest and lowest median tax bills recorded at $2,857 in the 16155 zip code. 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 Villa Maria helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Villa Maria, Pennsylvania
Source: Ownwell
$43,200
$80,550
$117,900
Average Villa Maria Assessed Value
$110,500
Average Lawrence County Assessed Value
$65,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Villa Maria, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16155 | $110,500 | $110,500 | $110,500 | $110,500 | $110,500 |
Source: Ownwell
Property Tax Bills Across Villa Maria, Pennsylvania
In Villa Maria, located in Lawrence County, PA, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the local tax assessor and is used as the basis for calculating the property tax. Several factors influence the assessed value, including the property's size, age, location, and any improvements made to it. Homeowners in Villa Maria face a median property tax bill of $2,857, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing the overall cost of owning property in the area. It is essential for homeowners to understand how their property taxes are calculated, as this knowledge can help them anticipate annual expenses and potentially appeal their tax assessments if they believe them to be inaccurate. By staying informed, homeowners can better manage their financial responsibilities and make more informed decisions about their property investments.
Average Villa Maria Tax Bill
$2,857
Average Lawrence County Tax Bill
$2,023
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Villa Maria, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16155 | $2,857 | $2,857 | $2,857 | $2,857 | $2,857 |
Source: Ownwell