Quecreek, Pennsylvania Property Taxes
The median property tax rate in Quecreek, PA is 3.22%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Quecreek at $29,000, the typical annual property tax bill reaches $935, exceeding the national median of $2,690. Property taxes in Quecreek are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Quecreek'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 Quecreek 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
Quecreek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.22%
Estimate Property Tax Bill
$934
Ownwell’s Quecreek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quecreek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quecreek 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 Quecreek, Pennsylvania
Property taxes in Quecreek, Pennsylvania, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Quecreek is 3.22%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Quecreek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quecreek 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 Quecreek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15555 zip code has the highest median property tax rate of 3.22%, while the same zip code also has the lowest median tax rate of 3.22%. Understanding how these areas compare with Quecreek 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 Quecreek Tax Rate
3.22%
Average Somerset County Tax Rate
2.69%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quecreek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15555 | 3.22% | 3.22% | 3.22% | 3.22% | 3.22% |
Source: Ownwell
Property Tax Assessment Values Across Quecreek, Pennsylvania
In Quecreek, 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 Quecreek, 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 Quecreek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $29,000, with the 25th percentile tax bill at $831 and the 75th percentile tax bill at $1,076. The highest and lowest median tax bills are both $935 in zip code 15555.
Average Quecreek Assessed Value
$29,000
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 Quecreek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15555 | $18,588 | $25,800 | $29,000 | $33,400 | $35,140 |
Source: Ownwell
Property Tax Bills Across Quecreek, Pennsylvania
In Quecreek, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Quecreek face property tax rates that vary within certain percentiles. For instance, the 25th percentile tax bill is $831, while the 75th percentile tax bill reaches $1076. At the 90th percentile, the tax bill can be as high as $1132. These tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in Quecreek stands at $29,000, which indicates that property taxes can form a significant portion of a homeowner’s annual expenses. Compared to the national median property tax rate of 0.99%, Quecreek's tax rates are relatively high, affecting homeowners' financial planning and overall cost of living.
Average Quecreek Tax Bill
$935
Average Somerset County Tax Bill
$1,299
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Quecreek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15555 | $599 | $831 | $935 | $1,076 | $1,132 |
Source: Ownwell