Local tax authorities determine tax rates in Pennsylvania based on their revenue needs. However, the burden of proof is on the homeowners in Pennsylvania: they need to produce pictures, and sales data of comparable properties, to demonstrate their home’s current market value. Homeowners whose home is above the assessed value based on this CLR can appeal their assessment. So, for example, if a county has a CLR of 4, a home worth $100,000 should have an assessed value of $25,000 (regardless of the system the county uses to assess property). The state publishes Common Level Ratios (CLR) that represent the ratio of assessed values in a county to market value. In other counties, assessed value is equal to some percentage of current market value. In some counties, assessed value is (or should be) equal to the current market value of property. However, each county has its own system for determining assessed value. In every county, the sum of local tax rates (school taxes, municipal taxes and county taxes) is applied to the assessed value of each property. Property taxes are administered at the county level in Pennsylvania. If you’re ready to find an advisor who can help you achieve your financial goals, get started now. SmartAsset’s free tool matches you with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you.
If you’re looking to purchase a home in Pennsylvania, whether it’s in Bedford county, Monroe County or somewhere in between, you’ll want to consult our mortgage rates guide for all the essential information about getting a mortgage in the Keystone State.Ī financial advisor can help you understand how homeownership fits into your overall financial goals. For example, although Pennsylvania has a 1.36% average effective property tax rate, the rates on a county level vary from as little as 0.87% to as high as 2.45%. Each county has its own system of property tax assessment and a wide number of tax authorities such as municipalities and school districts determine rates. Property taxes in Pennsylvania vary greatly from one area to the next. Pennsylvania Property Taxes Photo credit: ©/Dwight Nadig
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