Osterburg, Bedford County, Pennsylvania Property Taxes
Median Osterburg, PA effective property tax rate: 1.31%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Osterburg, PA home value: $101,100
Median annual Osterburg, PA tax bill: $1,294, $1,106 lower than the national median property tax bill of $2,400.
How are property taxes in Bedford calculated?
Property taxes in Osterburg, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Osterburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Osterburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Osterburg, Bedford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.49%
Estimate Property Tax Bill
$1,506
$1,398
Property Tax Rates Across Osterburg, Bedford County, Pennsylvania
Local government entities in Pennsylvania, such as in Osterburg in Bedford County, set property tax rates that can differ significantly across the state. This variance arises because each county determines its required budget to fund local services and divides this by the total assessed value of all taxable properties in its area. This calculation establishes the property tax rate. While setting these rates involves votes and legislation, the essence of the process is annual and systematic.
In Osterburg, the effective property tax rate reflects this localized approach. Compared to other cities in Pennsylvania, Osterburg's rate is a key indicator of how local budgets and property values interplay. The median property tax rate in Pennsylvania is notably higher than the national median, highlighting the state's reliance on property taxes for funding. By examining Osterburg's effective tax rate alongside state and national medians, property owners can better understand their tax obligations and the factors influencing them.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Osterburg Tax Rate
1.49%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bedford County Tax Rate
1.62%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Osterburg, Bedford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16667 | 1.49% | 1.49% | 1.49% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Osterburg, Bedford County, Pennsylvania
When examining property taxes in Osterburg, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bedford County Appraisal District estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bedford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Osterburg. For example, the median home price in Osterburg is $101,100, with tax bills ranging significantly across the county. Zip code 16667 has the highest median home price at $101,100.
Property Tax Assessment Values Across Osterburg, Bedford County, Pennsylvania
Source: Ownwell
$30,900
$116,350
$201,800
Median Osterburg Market Value
$101,100
Median Bedford County Market Value
$99,100
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Osterburg, Bedford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16667 | $28,000 | $63,000 | $101,100 | $152,025 | $216,200 |
Source: Ownwell
Property Tax Bills Across Osterburg, Bedford County, Pennsylvania
In Osterburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $101,100, with property tax bills varying significantly across different percentiles. For instance, homeowners at the 25th percentile pay around $825, while those at the 75th percentile face bills of approximately $1,842. At the 90th percentile, the tax bill can reach up to $2,464. Despite these variations, the median tax bill in Osterburg is notably lower than the national median of $2,400.
Several factors influence property tax bills, including changes in the local real estate market and adjustments in tax rates. These taxes can significantly impact homeowners, especially if property values increase rapidly, leading to higher tax bills. Ownwell offers property tax appeal services that can help homeowners in Osterburg potentially lower their tax bills. By reviewing assessments and identifying discrepancies, Ownwell can assist in reducing the financial burden of property taxes, ensuring homeowners only pay their fair share.
Median Osterburg Tax Bill
$1,512
Median Bedford County Tax Bill
$1,648
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Osterburg, Bedford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16667 | $420 | $940 | $1,512 | $2,268 | $3,251 |
Source: Ownwell