Greeley, Pennsylvania Property Taxes
The median property tax rate in Greeley, PA is 2.87%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Greeley at $99,870, the typical annual property tax bill reaches $2,802, exceeding the national median of $2,690. Property taxes in Greeley 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 Greeley'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 Greeley 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
Greeley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.87%
Estimate Property Tax Bill
$2,866
Ownwell’s Greeley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greeley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greeley 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 Greeley, Pennsylvania
Property taxes in Greeley, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greeley is 2.87%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Greeley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greeley 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 Greeley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18425 zip code has the highest median property tax rate of 2.87%, while the 18425 zip code also has the lowest median tax rate of 2.87%. Understanding how these cities compare with Greeley 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 Greeley Tax Rate
2.87%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greeley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18425 | 2.70% | 2.87% | 2.87% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Greeley, Pennsylvania
In Greeley, 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 Pike 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 Greeley, 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. For instance, the highest median tax bill in Greeley is $2802 in the 18425 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Greeley Assessed Value
$99,870
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 Greeley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18425 | $50,397 | $71,402 | $99,870 | $126,968 | $159,773 |
Source: Ownwell
Property Tax Bills Across Greeley, Pennsylvania
In Greeley, located in Pike County, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors and is meant to reflect the market value of the property. Once the assessed value is established, local tax rates are applied to calculate the tax bill. Several factors influence the tax bill, including the property's size, location, and any improvements made. For example, the median home price in Greeley is $99,870, and tax bills can vary significantly. Homeowners in the 25th percentile pay around $2,034, while those in the 75th percentile see bills closer to $3,631. At the higher end, the 90th percentile tax bill reaches approximately $4,585. These property taxes play a crucial role in funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors is essential for budgeting and financial planning, especially when property values and tax rates fluctuate.
Average Greeley Tax Bill
$2,802
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Greeley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18425 | $1,415 | $2,034 | $2,802 | $3,631 | $4,585 |
Source: Ownwell