Gray, Somerset County, Pennsylvania Property Taxes
Median GRAY, PA effective property tax rate: 2.69%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median GRAY, PA home value: $33,745
Median annual GRAY, PA tax bill: $907, $1,493 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in GRAY, 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 GRAY’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in GRAY, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Gray, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.83%
Estimate Property Tax Bill
$999
$927
Property Tax Rates Across Gray, Somerset County, Pennsylvania
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 Gray Tax Rate
2.83%
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 Somerset County Tax Rate
2.76%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Gray, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15544 | 2.83% | 2.83% | 2.83% | 2.83% | 2.83% |
Source: Ownwell
Property Tax Assessment Values Across Gray, Somerset County, Pennsylvania
When examining property taxes in Gray, 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 Somerset 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 Somerset County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Gray.
For example, the median home price in Gray is $33,745, with tax bills ranging significantly across the county. Zip code 15544 has the highest median home price at $33,745.
Property Tax Assessment Values Across Gray, Somerset County, Pennsylvania
Source: Ownwell
$27,300
$80,700
$134,100
Median Gray Market Value
$35,300
Median Somerset County Market Value
$51,980
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Gray, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15544 | $12,302 | $28,925 | $35,300 | $43,775 | $50,172 |
Source: Ownwell
Property Tax Bills Across Gray, Somerset County, Pennsylvania
In Gray, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the property's market value. Homeowners in Gray face a median property tax bill of $907, which is significantly lower than the national median of $2,400. Factors such as location, property size, and market conditions influence these assessments. For homes in the 25th percentile, tax bills are around $750, while those in the 75th percentile can reach up to $1,128. Even at the 90th percentile, tax bills are $1,340, still below the national average.
These taxes can impact homeowners by affecting the overall cost of homeownership and potential resale value. Ownwell can assist homeowners in Gray by providing expert property tax appeal services, ensuring that they are not overpaying. By reviewing assessments and filing appeals, Ownwell helps homeowners save significantly on their property tax bills, providing peace of mind and financial relief.
Median Gray Tax Bill
$998
Median Somerset County Tax Bill
$1,441
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Gray, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15544 | $348 | $817 | $998 | $1,237 | $1,418 |
Source: Ownwell