Show While states typically impose a minimum property tax, property taxes are mostly determined at the local level - and are often a percentage of a property or home's overall value. Depending on where you choose to buy a home, property taxes can range from negligible amounts to nearly matching a mortgage payment. Across Pennsylvania, the effective annual property tax rate stands at 1.43%, the 11th highest among states. For context, homeowners in the U.S. pay an average of 1.03% of their housing value in property taxes a year. The effective property tax rate is calculated by taking the total amount of taxes paid on owner-occupied homes in a given area as a share of the total value of those homes. While an effective property tax rate is useful for comparing taxes at the state level, it is important to note that property tax rates can still vary considerably within a given state. Because property taxes are typically levied as a share of a given home's value, Americans living in places with higher home values often pay more in property taxes in dollar terms, even if the effective property tax rate is relatively low. In Pennsylvania, the typical home is worth $192,600, lower than the national median home value of $240,500. All data in this story is from the Tax Foundation, a tax policy research organization, and the U.S. Census Bureau's 2019 American Community Survey.
By the NumbersHow much are property taxes in Pennsylvania?Depending on where you choose to buy a home, property taxes can range from negligible amounts to nearly matching a mortgage payment. Across Pennsylvania, the effective annual property tax rate stands at 1.43%, the 11th highest among states.
At what age do you stop paying property taxes in PA?A person aged 65 years or older; A person who lives in the same household with a spouse who is aged 65 years or older; or. A person aged 50 years or older who is a widow of someone who reached the age of 65 before passing away.
How are property taxes calculated?To calculate the tax on your property, multiply the Assessed Value by the Tax Rate. Assume you have a house with an APPRAISED VALUE of $100,000. The ASSESSED VALUE is $25,000 (25% of $100,000), and the TAX RATE has been set by your county commission at $3.20 per hundred of assessed value.
What taxes do homeowners pay in Pennsylvania?The average effective property tax rate in Pennsylvania is 1.58%, compared to the national average of 1.08%.
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