Volant, Pennsylvania Property Taxes
The median property tax rate in Volant, PA is 2.53%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Volant at $101,600, the typical annual property tax bill reaches $2,620, which is just below the national median of $2,690. Property taxes in Volant are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Volant'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 Volant 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
Volant, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$2,570
Ownwell’s Volant Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Volant with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Volant 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 Volant, Pennsylvania
Property taxes in Volant, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Volant is 2.53%, significantly higher than the U.S. national median of 0.99%. Local government entities within Volant set these rates annually, and they can vary significantly across different neighborhoods. Each year, Volant 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 Volant's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16156 has the highest median property tax rate of 2.53%, which is the same as Volant’s. Understanding how these cities compare with Volant 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 Volant Tax Rate
2.53%
Average Lawrence County Tax Rate
2.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Volant, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16156 | 2.43% | 2.43% | 2.53% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Volant, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Volant, Pennsylvania. 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 Volant, 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 Volant helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Volant are both $2620, found in the 16156 zip code.
Average Volant Assessed Value
$101,600
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 Volant, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16156 | $33,940 | $64,300 | $101,600 | $155,700 | $215,600 |
Source: Ownwell
Property Tax Bills Across Volant, Pennsylvania
In Volant, located in Lawrence County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. These assessments consider various factors such as the property's market value, location, and any improvements made to the property. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Volant, the median home price is $101,600. Property tax bills can vary significantly, with the 25th percentile bill at $1,708 and the 75th percentile bill at $3,921. The 90th percentile sees even higher tax bills, reaching up to $5,347. Compared to the national median property tax rate of 0.99%, these figures highlight the variability in property tax obligations within the area. Understanding how these tax bills are calculated helps homeowners in Volant anticipate their annual expenses and plan their finances accordingly. The highest and lowest median tax bills in the area are both $2,620, indicating some consistency in tax obligations within certain neighborhoods.
Average Volant Tax Bill
$2,620
Average Lawrence County Tax Bill
$2,023
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Volant, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16156 | $939 | $1,708 | $2,620 | $3,921 | $5,347 |
Source: Ownwell