Listie, Pennsylvania Property Taxes
The median property tax rate in Listie, PA is 3.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Listie, the typical annual property tax bill reaches $984, which is below the national median of $2,690. Property taxes in Listie 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 Listie'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 Listie or another part of Somerset County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Listie, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$984
Ownwell’s LISTIE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LISTIE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LISTIE 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 Listie, Pennsylvania
Property taxes in LISTIE, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in LISTIE is 1.35%, higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within LISTIE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LISTIE 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 LISTIE's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15549 zip code has the highest median property tax rate of 1.35%, while the 15549 zip code also has the lowest median tax rate of 1.35%. Understanding how these areas compare with LISTIE 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 Listie Tax Rate
3.00%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Listie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15549 | 3.00% | 3.00% | 3.00% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Listie, Pennsylvania
In Listie, 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 Listie, 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. The median home price in Listie is $32,800, with tax bills ranging from $809 at the 25th percentile to $2,045 at the 90th percentile. The zip code 15549 has both the highest and lowest median tax bill at $984. Being aware of these valuation processes in Listie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Listie Assessed Value
$32,800
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 Listie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15549 | $23,200 | $26,940 | $32,800 | $47,105 | $68,120 |
Source: Ownwell
Property Tax Bills Across Listie, Pennsylvania
In Listie, Somerset County, PA, property tax bills are calculated based on the assessed value of a home. The local tax assessor determines this assessed value, which is then multiplied by the county's property tax rate to calculate the annual tax bill. For instance, with a median home price of $32,800, homeowners can expect varying tax bills. The tax bill at the 25th percentile is around $809, while at the 75th percentile, it rises to about $1,414. For those in the 90th percentile, the tax bill can reach up to $2,045. These property taxes fund essential public services like schools, infrastructure, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, homeowners in Listie might find their tax rates relatively manageable. However, understanding these factors can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Listie Tax Bill
$984
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Listie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15549 | $696 | $809 | $984 | $1,414 | $2,045 |
Source: Ownwell