Fairhope, Somerset County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Fairhope, Somerset County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Fairhope, PA effective property tax rate: 2.22%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Fairhope, PA home value: $35,600
Median annual Fairhope, PA tax bill: $679, $1,721 lower than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

Property taxes in Fairhope, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Fairhope’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Fairhope, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Fairhope, Somerset County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.22%

Estimate Property Tax Bill

$790

$733

Ownwell’s Fairhope Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Fairhope with just two data points. By entering your property's estimated assessed value, our calculator applies Fairhope’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Somerset County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Fairhope, Somerset County, Pennsylvania

Local government entities in Pennsylvania set property tax rates, which can vary widely across the state. This variability arises because each county estimates its required budget to provide essential services and divides that by the total assessed value of all taxable property within its borders. The result of this calculation is the property tax rate. While setting tax rates and budgets involves votes and legislation, this is essentially the annual process.

In Fairhope, located in Somerset County, the effective property tax rate is notably higher than the national median of 1.02%. The median property tax rate in Pennsylvania is also above the national average, reflecting the state's reliance on property taxes for funding local services. Comparatively, Fairhope's rate aligns with the highest and lowest median tax rates within the state, indicating a consistent approach to property taxation across Somerset County. Understanding these rates can help property owners in Fairhope and across Pennsylvania make informed decisions about their property tax appeals and exemptions.

Property Tax Rates Across Fairhope, Somerset County, Pennsylvania

Source: Ownwell

1.85%

2.54%

3.23%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Fairhope Tax Rate

2.22%

Median Effective Somerset County Tax Rate

2.69%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Fairhope, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15538	1.75%	1.75%	2.22%	2.22%	2.25%

Source: Ownwell

Property Tax Assessment Values Across Fairhope, Somerset County, Pennsylvania

When examining property taxes in Fairhope, Pennsylvania, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Somerset County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

Assessment notices: In Somerset County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Fairhope. For example, the median home price in Fairhope is $35,600, with tax bills ranging significantly across the county. ZIP code 15538 has the highest median home price at $35,600.

Property Tax Assessment Values Across Fairhope, Somerset County, Pennsylvania

Source: Ownwell

$27,215

$78,308

$129,400

Median Fairhope Market Value

$35,600

Median Somerset County Market Value

$50,500

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Fairhope, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15538	$11,174	$20,100	$35,600	$61,700	$85,144

Source: Ownwell

Property Tax Bills Across Fairhope, Somerset County, Pennsylvania

In Fairhope, Somerset County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessment is intended to reflect the property's market value, but discrepancies can occur, leading to higher tax bills. For homeowners in Fairhope, the property tax bill can vary significantly. The 25th percentile tax bill is $397, while the 75th percentile reaches $1,223, and the 90th percentile climbs to $1,669. With the national median property tax rate at 1.02% and the median tax bill at $2,400, Fairhope residents can see a range of tax burdens. Factors influencing the tax bill include changes in property value, local government budgets, and tax rate adjustments. Ownwell assists homeowners by reviewing their property assessments for inaccuracies, filing appeals, and seeking exemptions where applicable. By leveraging expertise in local property tax laws, Ownwell can help homeowners potentially reduce their tax liabilities, ensuring they pay only what is fair and accurate.

Property Tax Bills Across Fairhope, Somerset County, Pennsylvania

Source: Ownwell

$610

$2,140

$3,670

Median Fairhope Tax Bill

$679

Median Somerset County Tax Bill

$1,299

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Fairhope, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15538	$234	$397	$679	$1,223	$1,669

Source: Ownwell