Hollsopple, Somerset County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Hollsopple, Somerset County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Hollsopple, PA effective property tax rate: 2.47%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Hollsopple, PA home value: $44,715
Median annual Hollsopple, PA tax bill: $1,117, $1,283 lower than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

Property taxes in Hollsopple, 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 Hollsopple’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Hollsopple, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Hollsopple, Somerset County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.66%

Estimate Property Tax Bill

$1,231

$1,142

Ownwell’s HOLLSOPPLE Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in HOLLSOPPLE with just two data points. By entering your property's estimated assessed value, our calculator applies HOLLSOPPLE’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 Somerset. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Hollsopple, Somerset County, Pennsylvania

Local government entities in Pennsylvania set property tax rates, which can vary widely across the state. The process involves each county estimating its required budget to provide essential services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.

In Hollsopple, located in Somerset County, the effective property tax rate is 2.47%. This rate is significantly higher than the national median property tax rate of 1.02%. When comparing Hollsopple’s tax rate to other cities in Pennsylvania, it stands at the higher end of the spectrum. The median property tax bill in Pennsylvania is also notably higher than the national median of $2400, reflecting the state's overall higher tax rates.

Understanding these rates is crucial for homeowners as they navigate property ownership costs. By appealing or seeking exemptions, property owners in Hollsopple can potentially reduce their tax burden, making property ownership more affordable.

Property Tax Rates Across Hollsopple, Somerset County, Pennsylvania

Source: Ownwell

2.05%

2.68%

3.32%

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 Hollsopple Tax Rate

2.66%

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 Hollsopple, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15935	2.66%	2.66%	2.66%	2.67%	2.83%

Source: Ownwell

Property Tax Assessment Values Across Hollsopple, Somerset County, Pennsylvania

When examining property taxes in Hollsopple, 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. Assessment notices: In Somerset County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Hollsopple. For example, the median home price in Hollsopple is $44,715, with tax bills ranging significantly across the county. Zip code 15935 has the highest median home price at $44,715.

Property Tax Assessment Values Across Hollsopple, Somerset County, Pennsylvania

Source: Ownwell

$27,300

$80,700

$134,100

Median Hollsopple Market Value

$46,265

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 Hollsopple, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15935	$19,740	$30,530	$46,265	$72,448	$103,940

Source: Ownwell

Property Tax Bills Across Hollsopple, Somerset County, Pennsylvania

In Hollsopple, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this assessed value, which is a percentage of the property's market value. Homeowners in Hollsopple face a median property tax bill of $1,117, which is significantly lower than the national median of $2,400. However, tax bills can vary, with the 25th percentile at $708 and the 75th percentile at $1,744, indicating a range of tax burdens depending on property values and local rates.

For homeowners, these taxes can represent a substantial financial obligation. Fortunately, Ownwell offers valuable assistance by providing property tax appeal and exemption services. By leveraging expertise in local tax laws and assessment practices, Ownwell helps homeowners identify potential savings and ensure they are not overpaying on their property tax bills. This service not only reduces financial stress but also ensures homeowners are paying a fair amount, potentially saving hundreds or even thousands of dollars annually.

Property Tax Bills Across Hollsopple, Somerset County, Pennsylvania

Source: Ownwell

$666

$2,137

$3,607

Median Hollsopple Tax Bill

$1,247

Median Somerset County Tax Bill

$1,441

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Hollsopple, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15935	$525	$824	$1,247	$1,959	$2,785

Source: Ownwell