Allenwood, Union County, Pennsylvania Property Taxes
The median property tax rate in Allenwood, PA is 1.38%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Allenwood, the typical annual property tax bill reaches $2,236, slightly below the national median of $2,690. Property taxes in Allenwood 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 Allenwood'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 Allenwood 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
Allenwood, Union County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.38%
Estimate Property Tax Bill
$2,492
$2,313
Ownwell’s Allenwood Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allenwood with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allenwood 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 Allenwood, Union County, Pennsylvania
Property taxes in Allenwood, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allenwood is 1.38%, significantly higher than the U.S. national median of 0.99%. Local government entities within Allenwood set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allenwood 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 Allenwood's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the 17810 zip code has the highest median property tax rate of 1.38%, while the same zip code also has the lowest median tax rate of 1.38%. Understanding how these areas compare with Allenwood provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allenwood Tax Rate
1.38%
Average Union County Tax Rate
2.00%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allenwood, Union County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17810 | 0.82% | 0.94% | 1.38% | 1.91% | 1.91% |
Source: Ownwell
Property Tax Assessment Values Across Allenwood, Union County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Allenwood, Pennsylvania. 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 Union 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 Allenwood, 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. The median home price in Allenwood is $180,600, with tax bills ranging from $1,352 at the 25th percentile to $5,073 at the 90th percentile. The highest and lowest median tax bills are both $2,236, found in zip code 17810. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Allenwood, Union County, Pennsylvania
Source: Ownwell
$5,000
$112,450
$219,900
Average Allenwood Assessed Value
$180,600
Average Union County Assessed Value
$93,150
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allenwood, Union County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17810 | $31,160 | $96,050 | $180,600 | $335,800 | $513,840 |
Source: Ownwell
Property Tax Bills Across Allenwood, Union County, Pennsylvania
Property tax bills in Allenwood, Union County, PA, are calculated based on the assessed value of a property, which is determined by local tax authorities. This value is then multiplied by the local tax rate to arrive at the annual tax bill. In Allenwood, the median home price stands at $180,600, and property tax bills can vary significantly. For example, the 25th percentile tax bill is $1,352, while the 75th percentile tax bill reaches $4,041. At the 90th percentile, homeowners could pay up to $5,073 in property taxes. Factors influencing the tax bill include the property's assessed value, the local tax rate, and any exemptions or deductions for which the homeowner may qualify. Compared to the national median property tax rate of 0.99%, Allenwood's rates can be higher, impacting homeowners' annual expenses. Higher property taxes can affect affordability and the overall cost of homeownership, making it essential for residents to understand their tax obligations fully.
Average Allenwood Tax Bill
$2,236
Average Union County Tax Bill
$1,656
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Allenwood, Union County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17810 | $531 | $1,352 | $2,236 | $4,041 | $5,073 |
Source: Ownwell