Emporium, Elk County, Pennsylvania Property Taxes
Median Emporium, PA effective property tax rate: 3.63%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Emporium, PA home value: $28,100
Median annual Emporium, PA tax bill: $1,021, $1,379 lower than the national median property tax bill of $2,400.
How are property taxes in Elk County calculated?
Property taxes in Emporium, 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 Emporium’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Emporium, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Emporium, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
4.06%
Estimate Property Tax Bill
$1,232
$1,143
Property Tax Rates Across Emporium, Elk County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Emporium in Elk County, Pennsylvania, stands out with a notably high effective property tax rate of 3.63%. This rate significantly surpasses both the state and national medians, making it one of the highest in the region. The impact on homeowners is substantial, as the property tax bill in Emporium is considerably higher than the national average of $2400. This elevated rate can be attributed to the county's budgetary needs and the total value of taxable property. Understanding these dynamics is crucial for property owners seeking to manage their tax liabilities effectively. Comparing Emporium’s rate to other cities in Pennsylvania and the U.S. highlights the importance of local governance in determining property tax obligations.
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 Emporium Tax Rate
4.06%
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 Elk County Tax Rate
3.31%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Emporium, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | 4.06% | 4.06% | 4.06% | 4.06% | 4.06% |
Source: Ownwell
Property Tax Assessment Values Across Emporium, Elk County, Pennsylvania
When examining property taxes in Emporium, Pennsylvania, 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 Elk 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 Elk County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season. 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 Emporium.
For example, the median home price in Emporium is $28,100, with tax bills ranging significantly across the county. Zip code 15834 has the highest median home price at $28,100.
Property Tax Assessment Values Across Emporium, Elk County, Pennsylvania
Source: Ownwell
$12,200
$31,850
$51,500
Median Emporium Market Value
$30,350
Median Elk County Market Value
$39,600
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Emporium, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | $9,020 | $20,150 | $30,350 | $50,450 | $58,440 |
Source: Ownwell
Property Tax Bills Across Emporium, Elk County, Pennsylvania
In Emporium, located in Elk County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which can fluctuate based on various factors such as property size, location, and market conditions. Homeowners in Emporium face a median property tax bill of $1,021, which is significantly lower than the national median of $2,400. However, tax bills can vary within the city, with some homeowners paying as low as $715 or as high as $2,114, depending on their property’s assessed value and applicable exemptions.
For homeowners looking to reduce their property tax burden, Ownwell offers expert property tax appeal and exemption services. By leveraging local market data and a deep understanding of property tax regulations, Ownwell helps homeowners identify opportunities for savings, ensuring they pay only their fair share. With Ownwell’s assistance, homeowners in Emporium can potentially reduce their property tax bills, gaining financial relief and peace of mind.
Median Emporium Tax Bill
$1,232
Median Elk County Tax Bill
$1,455
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Emporium, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15834 | $366 | $818 | $1,232 | $2,047 | $2,372 |
Source: Ownwell