Jerome, Somerset County, Pennsylvania Property Taxes

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

Median Jerome, 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 Jerome, PA home value: $30,870. Median annual Jerome, PA tax bill: $762, $1,638 lower than the national median property tax bill of $2,400. How are property taxes in Somerset calculated? Property taxes in Jerome, 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 Jerome’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Jerome, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Jerome, 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

$814

$755

Ownwell’s Jerome Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Jerome with just two data points.

By entering your property's estimated assessed value, our calculator applies Jerome’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 County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Jerome, Somerset County, Pennsylvania

Local government entities determine property tax rates, which can significantly differ within a state. Each year, counties calculate their budgetary needs to fund essential services and divide this figure by the total assessed value of all taxable properties within their jurisdiction. This process results in the property tax rate. Although setting tax rates and budgets involves various votes and regulations, this is the core of the annual procedure.

In Jerome, located in Somerset County, Pennsylvania, the effective property tax rate is a crucial factor for homeowners. Here, the median property tax rate stands at 2.47%, which is notably higher than the national median of 1.02%. This rate reflects the county's fiscal requirements and the assessed property values in the area.

Comparatively, Somerset County's property tax rate is the highest in the state, indicating the diverse range of tax rates across Pennsylvania. Understanding these variations can help homeowners make informed decisions about property ownership and tax obligations. By staying informed, property owners can better navigate the complexities of property taxation and potentially identify opportunities for tax appeals or exemptions.

Property Tax Rates Across Jerome, 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 Jerome 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 Jerome, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15937	2.66%	2.66%	2.66%	2.66%	2.66%

Source: Ownwell

Property Tax Assessment Values Across Jerome, Somerset County, Pennsylvania

When examining property taxes in Jerome, 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 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 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 Jerome. For example, the median home price in Jerome is $30,870, with tax bills ranging significantly across the county. 15937 has the highest median home price at $30,870.

Property Tax Assessment Values Across Jerome, Somerset County, Pennsylvania

Source: Ownwell

$27,300

$80,700

$134,100

Median Jerome Market Value

$30,590

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 Jerome, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15937	$18,065	$21,105	$30,590	$38,400	$55,120

Source: Ownwell

Property Tax Bills Across Jerome, Somerset County, Pennsylvania

In Jerome, Somerset County, PA, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. Homeowners in Jerome experience a median property tax bill of $762, notably lower than the national median of $2400, reflecting the relatively modest median home price of $30,870 in the area. However, tax bills can vary, with the 25th percentile at $528 and the 90th percentile reaching $1356. This variability can significantly impact homeowners' financial planning. Ownwell offers a valuable service by helping homeowners appeal their property tax assessments, potentially lowering their tax bills. By identifying discrepancies in assessments and applying for exemptions, Ownwell can assist homeowners in reducing their tax burden, ensuring they only pay what is fair and accurate.

Property Tax Bills Across Jerome, Somerset County, Pennsylvania

Source: Ownwell

$666

$2,137

$3,607

Median Jerome Tax Bill

$821

Median Somerset County Tax Bill

$1,441

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Jerome, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15937	$481	$566	$821	$1,021	$1,465

Source: Ownwell