Jacobs Creek, Pennsylvania Property Taxes
The median property tax rate in Jacobs Creek, PA is 11.78%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jacobs Creek, the typical annual property tax bill reaches $497, which is considerably lower than the national median of $2,690. Property taxes in Jacobs Creek are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jacobs Creek'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 Jacobs Creek 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
Jacobs Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.78%
Estimate Property Tax Bill
$497
-$5,210
Ownwell’s Jacobs Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jacobs Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jacobs Creek 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 Jacobs Creek, Pennsylvania
Property taxes in Jacobs Creek, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jacobs Creek is 11.78%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jacobs Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jacobs Creek 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 Jacobs Creek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15448 zip code has the highest median property tax rate of 11.78%, while the same zip code also has the lowest median tax rate of 11.78%. Understanding how these cities compare with Jacobs Creek provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jacobs Creek Tax Rate
11.78%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jacobs Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15448 | 11.78% | 11.78% | 11.78% | 11.78% | 11.78% |
Source: Ownwell
Property Tax Assessment Values Across Jacobs Creek, Pennsylvania
In Jacobs Creek, 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 Westmoreland 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 Jacobs Creek, 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 Jacobs Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $497, found in zip code 15448, which also has the lowest median tax bill.
Average Jacobs Creek Assessed Value
$4,220
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jacobs Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15448 | $1,019 | $2,515 | $4,220 | $7,300 | $10,189 |
Source: Ownwell
Property Tax Bills Across Jacobs Creek, Pennsylvania
In Jacobs Creek, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the local tax assessor. Factors such as property size, location, and improvements can influence this assessed value. Homeowners in Jacobs Creek face a median property tax rate of 0.99%, aligning with the national median. For example, with a median home price of $4,220, the property tax bill can vary significantly. At the 25th percentile, homeowners might pay around $296, while those at the 75th percentile could see bills as high as $860. The top 10% of homeowners face tax bills up to $1,201. This variation highlights the importance of understanding how individual property characteristics influence tax obligations. Accurate assessments ensure that homeowners contribute fairly to local services and community development, but they also underscore the need for vigilance in managing these costs.
Average Jacobs Creek Tax Bill
$497
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jacobs Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15448 | $120 | $296 | $497 | $860 | $1,201 |
Source: Ownwell