Canadensis, Pennsylvania Property Taxes
The median property tax rate in Canadensis, PA is 2.68%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Canadensis at $107,427, the typical annual property tax bill reaches $2,875, exceeding the national median of $2,690. Property taxes in Canadensis 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 Canadensis' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Canadensis or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canadensis, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.68%
Estimate Property Tax Bill
$2,879
Ownwell’s Canadensis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canadensis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canadensis 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 Canadensis, Pennsylvania
Property taxes in Canadensis, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canadensis is 2.68%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Canadensis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canadensis 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 Canadensis's effective property tax rate to other areas in Pike County and the national median. For comparison, the zip code 18325 has both the highest and lowest median property tax rate of 2.68%. Understanding how these areas compare with Canadensis provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Canadensis Tax Rate
2.68%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canadensis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | 2.68% | 2.68% | 2.68% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Canadensis, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Canadensis, Pike County, PA. 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 local appraisal authorities 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 Canadensis, 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 Canadensis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Canadensis is 18325, with a tax bill of $2,875.
Property Tax Assessment Values Across Canadensis, Pennsylvania
Source: Ownwell
$71,900
$130,413
$188,925
Average Canadensis Assessed Value
$107,427
Average Pike County Assessed Value
$106,483
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Canadensis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | $64,406 | $88,248 | $107,427 | $134,200 | $167,166 |
Source: Ownwell
Property Tax Bills Across Canadensis, Pennsylvania
In Canadensis, Pike County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $107,427, the property tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $2,340, while those in the 75th percentile might see bills as high as $3,564. At the 90th percentile, tax bills can reach up to $4,473. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. The tax rate in Canadensis can be compared to the national median property tax rate of 0.99%, highlighting the local variation in property tax burdens. Understanding these factors can help homeowners better anticipate their annual expenses and plan accordingly.
Average Canadensis Tax Bill
$2,875
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Canadensis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | $1,737 | $2,340 | $2,875 | $3,564 | $4,473 |
Source: Ownwell