Philipsburg, Centre County, Pennsylvania Property Taxes
Median Philipsburg, PA effective property tax rate: 3.17%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Philipsburg, PA home value: $45,700
Median annual Philipsburg, PA tax bill: $1,656, $744 lower than the national median property tax bill of $2,400.
How are property taxes in Centre County calculated?
Property taxes in Philipsburg, 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 Philipsburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Philipsburg, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Philipsburg, Centre County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.42%
Estimate Property Tax Bill
$1,567
$1,454
Property Tax Rates Across Philipsburg, Centre County, Pennsylvania
Local government entities are responsible for setting tax rates, leading to significant variations within a state. Annually, each county calculates its budget requirements for providing essential services and divides this figure by the total assessed value of all taxable properties within its jurisdiction, resulting in the property tax rate. This process, although influenced by votes and legislation, essentially determines the annual property tax rates.
Philipsburg, located in Centre County, Pennsylvania, has an effective property tax rate of 3.17%, which is notably higher than both the state and national medians. The national median property tax rate stands at 1.02%, with an average bill of $2,400, underscoring the significant difference in Philipsburg's tax burden. This higher rate can impact homeowners' financial planning and the overall cost of living in the area. Understanding these rates is crucial for property owners considering an appeal or seeking exemptions to manage their property tax liabilities effectively. By comparing Philipsburg’s effective property tax rate to other cities in Pennsylvania and the national median, property owners can gain valuable insights into their tax obligations and explore potential savings opportunities.
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 Philipsburg Tax Rate
3.42%
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 Centre County Tax Rate
3.33%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Philipsburg, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | 3.42% | 3.42% | 3.42% | 4.19% | 4.19% |
Source: Ownwell
Property Tax Assessment Values Across Philipsburg, Centre County, Pennsylvania
When examining property taxes in Philipsburg, 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 Centre County assessment office 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 Centre 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 Philipsburg.
For example, the median home price in Philipsburg is $45,700, with tax bills ranging significantly across the county. Zip code 16866 has the highest median home price at $45,700.
Property Tax Assessment Values Across Philipsburg, Centre County, Pennsylvania
Source: Ownwell
$21,230
$79,480
$137,730
Median Philipsburg Market Value
$45,810
Median Centre County Market Value
$95,980
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Philipsburg, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | $10,976 | $30,095 | $45,810 | $71,885 | $108,074 |
Source: Ownwell
Property Tax Bills Across Philipsburg, Centre County, Pennsylvania
Median Philipsburg Tax Bill
$1,785
Median Centre County Tax Bill
$3,294
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Philipsburg, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16866 | $414 | $1,149 | $1,785 | $2,768 | $4,039 |
Source: Ownwell