Gipsy, Indiana County, Pennsylvania Property Taxes
Median Gipsy, PA effective property tax rate: 1.40%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Gipsy, PA home value: $66,400
Median annual Gipsy, PA tax bill: $930, $1,470 lower than the national median property tax bill of $2,400.
How are property taxes in Indiana calculated?
Property taxes in Gipsy, 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 Gipsy’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Gipsy, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gipsy, Indiana County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.59%
Estimate Property Tax Bill
$980
$910
Ownwell’s Gipsy Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Gipsy with just two data points.
By entering your property's estimated assessed value, our calculator applies Gipsy’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.
This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Indiana County.
For those interested in more localized information, please scroll down to explore city-level trends!
Property Tax Rates Across Gipsy, Indiana County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
In Gipsy, located in Indiana County, PA, the effective property tax rate is notably higher than the national median, standing at 1.40%. This rate is consistent across Indiana County, highlighting a unique uniformity within the area. Compared to the national median property tax rate of 1.02% and the median property tax bill of $2,400, Gipsy’s rate reflects the county's approach to balancing budgetary needs with property values.
For residents in Gipsy and the surrounding areas, understanding how these rates are determined can provide insight into their tax obligations and potential savings through appeals or exemptions. By comparing Gipsy’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in the state and the U.S., property owners can make informed decisions about their tax responsibilities.
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 Gipsy Tax Rate
1.59%
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 Indiana County Tax Rate
2.26%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gipsy, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15741 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Gipsy, Indiana County, Pennsylvania
When examining property taxes in Gipsy, 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 Indiana 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 Indiana 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 Gipsy.
For example, the median home price in Gipsy is $66,400, with tax bills ranging significantly across the county. Zip code 15741 has the highest median home price at $66,400.
Property Tax Assessment Values Across Gipsy, Indiana County, Pennsylvania
Source: Ownwell
$26,000
$83,800
$141,600
Median Gipsy Market Value
$61,650
Median Indiana County Market Value
$98,500
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gipsy, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15741 | $20,770 | $43,500 | $61,650 | $77,975 | $133,280 |
Source: Ownwell
Property Tax Bills Across Gipsy, Indiana County, Pennsylvania
Median Gipsy Tax Bill
$1,012
Median Indiana County Tax Bill
$2,273
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Gipsy, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15741 | $583 | $722 | $1,012 | $1,256 | $2,143 |
Source: Ownwell