Shanksville, Somerset County, Pennsylvania Property Taxes

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

Median Shanksville, PA effective property tax rate: 2.76%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Shanksville, PA home value: $41,450
Median annual Shanksville, PA tax bill: $1,144, $1,256 lower than the national median property tax bill of $2,400.

How are property taxes in Somerset calculated?

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

Last Updated March 1, 2025

Shanksville, Somerset County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.85%

Estimate Property Tax Bill

$1,240

$1,150

Ownwell’s Shanksville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Shanksville with just two data points. By entering your property's estimated assessed value, our calculator applies Shanksville’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 Shanksville, Somerset 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. 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. Below, you can compare Shanksville’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

Property Tax Rates Across Shanksville, 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 Shanksville Tax Rate

2.85%

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 Shanksville, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15560	2.76%	2.76%	2.85%	2.85%	2.85%

Source: Ownwell

Property Tax Assessment Values Across Shanksville, Somerset County, Pennsylvania

When examining property taxes in Shanksville, 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. 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 Shanksville. For example, the median home price in Shanksville is $41,450, with tax bills ranging significantly across the county. 15560 has the highest median home price at $41,450.

Property Tax Assessment Values Across Shanksville, Somerset County, Pennsylvania

Source: Ownwell

$27,300

$80,700

$134,100

Median Shanksville Market Value

$43,500

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 Shanksville, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15560	$19,044	$32,250	$43,500	$63,145	$96,190

Source: Ownwell

Property Tax Bills Across Shanksville, Somerset County, Pennsylvania

In Shanksville, located in Somerset County, PA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Shanksville is $41,450, and homeowners face varying tax bills depending on their property's assessed value and the local tax rate. The median property tax bill in this area is $1,144, which is lower than the national median property tax bill of $2,400. However, tax bills can range significantly, with the 25th percentile paying around $822 and the 90th percentile reaching up to $1,819. These tax bills directly impact homeowners' financial planning, as they are a recurring expense. Ownwell can assist homeowners in Shanksville by reviewing their property assessments and identifying potential errors or opportunities for exemptions, which can lead to reduced tax liabilities. By leveraging Ownwell's expertise, homeowners can potentially save money and ensure they are not overpaying on their property taxes.

Property Tax Bills Across Shanksville, Somerset County, Pennsylvania

Source: Ownwell

$666

$2,137

$3,607

Median Shanksville Tax Bill

$1,230

Median Somerset County Tax Bill

$1,441

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Shanksville, Somerset County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15560	$543	$919	$1,230	$1,764	$2,720

Source: Ownwell