Tyrone, Centre County, Pennsylvania Property Taxes
Median Tyrone, PA effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Tyrone, PA home value: $70,440
Median annual Tyrone, PA tax bill: $1,267, $1,133 lower than the national median property tax bill of $2,400.
How are property taxes in Centre calculated?
Property taxes in Tyrone, 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 Tyrone’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Tyrone, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Tyrone, Centre County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.8%
Estimate Property Tax Bill
$1,268
$1,177
Property Tax Rates Across Tyrone, Centre County, Pennsylvania
Local government entities are responsible for setting property tax rates, which can vary significantly within Pennsylvania. Each county, including Centre County, estimates its required budget annually to provide essential services. This budget is then divided by the total assessed value of all taxable property within the county, resulting in the property tax rate. Although the process involves votes and legislation, this is the basic annual procedure.
In Tyrone, located in Centre County, the effective property tax rate is 1.80%, which is notably higher than the national median property tax rate of 1.02%. This rate is consistent with the highest and lowest median tax rates in the state, both recorded at 1.80% in the same zip code. Compared to the national median property tax bill of $2400, homeowners in Tyrone may find their tax bills considerably higher due to this elevated rate. Understanding these figures can help property owners in Tyrone make informed decisions about their property tax obligations and potential appeals.
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 Tyrone Tax Rate
1.80%
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 Centre County Tax Rate
3.13%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Tyrone, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across Tyrone, Centre County, Pennsylvania
When examining property taxes in Tyrone, 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 Centre County Board of Assessment 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 Centre 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 Tyrone. For example, the median home price in Tyrone is $70,440, with tax bills ranging significantly across the county. 16686 has the highest median home price at $70,440.
Property Tax Assessment Values Across Tyrone, Centre County, Pennsylvania
Source: Ownwell
$21,600
$79,740
$137,880
Median Tyrone Market Value
$70,440
Median Centre County Market Value
$97,340
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Tyrone, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | $20,968 | $46,122 | $70,440 | $107,442 | $149,651 |
Source: Ownwell
Property Tax Bills Across Tyrone, Centre County, Pennsylvania
Median Tyrone Tax Bill
$1,267
Median Centre County Tax Bill
$3,173
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Tyrone, Centre County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16686 | $377 | $830 | $1,267 | $1,932 | $2,692 |
Source: Ownwell