Kantner, Somerset County, Pennsylvania Property Taxes
The median property tax rate in Kantner, PA is 2.79%, slightly lower than the Pennsylvania state median of 2.81% but significantly higher than the national median of 0.99%. With a median home value of $32,900, the typical annual property tax bill in Kantner amounts to $917, which is below the national median of $2,690. Property taxes in Kantner are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, including those for primary residences and agricultural properties. Understanding Kantner'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 Kantner or another part of Somerset County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kantner, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$918
$852
Ownwell’s Kantner Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Kantner with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kantner to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available below. Your property’s assessed value is the value assigned by Somerset County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kantner, Somerset County, Pennsylvania
Property taxes in Kantner, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kantner is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kantner set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kantner 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 Kantner's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15548 has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these areas compare with Kantner provides valuable insights into the varying tax landscape across Somerset County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kantner Tax Rate
2.79%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kantner, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15548 | 2.79% | 2.79% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Kantner, Somerset County, Pennsylvania
In Kantner, 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 Somerset 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 Kantner, 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 Kantner helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median tax bill in the area is $917, with the highest and lowest median tax bills both recorded in the 15548 zip code.
Property Tax Assessment Values Across Kantner, Somerset County, Pennsylvania
Source: Ownwell
$27,215
$78,308
$129,400
Average Kantner Assessed Value
$32,900
Average Somerset County Assessed Value
$50,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kantner, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15548 | $21,000 | $27,300 | $32,900 | $42,730 | $60,770 |
Source: Ownwell
Property Tax Bills Across Kantner, Somerset County, Pennsylvania
In Kantner, Somerset County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Kantner is $32,900. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Kantner, the median property tax bill is $917. The 25th percentile tax bill is $761, while the 75th percentile tax bill is $1,191, and the 90th percentile tax bill reaches $1,693. These figures highlight the range of tax burdens residents might face. Compared to the national median property tax rate of 0.99%, Kantner's tax bills can be seen as relatively moderate, but they still represent a significant expense for homeowners. Understanding these factors can help residents anticipate their tax liabilities and plan accordingly.
Average Kantner Tax Bill
$917
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kantner, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15548 | $585 | $761 | $917 | $1,191 | $1,693 |
Source: Ownwell