Woodward, Centre County, Pennsylvania Property Taxes

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

Median Woodward, PA effective property tax rate: 3.10%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Woodward, PA home value: $58,080
Median annual Woodward, PA tax bill: $1,794, $606 lower than the national median property tax bill of $2,400.

How are property taxes in Centre calculated?

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

Last Updated March 1, 2025

Woodward, Centre County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.1%

Estimate Property Tax Bill

$1,800

$1,671

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

Property Tax Rates Across Woodward, Centre County, Pennsylvania

Local government entities set tax rates, and these can vary significantly within a state. Annually, each county estimates its required budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the core of the annual process.

In Woodward, located in Centre County, Pennsylvania, the effective property tax rate is notably higher than both the state and national medians. With a median property tax rate of 3.10%, Woodward stands out in comparison to the national median of 1.02%. This high rate reflects the local government's budgetary needs and the total assessed property value in the area.

Understanding these rates is crucial for property owners, as they directly impact annual tax bills. For those in Woodward, the tax rate translates to a significant financial obligation, emphasizing the importance of exploring potential property tax appeals or exemptions. Comparing Woodward’s tax rate to other cities in Pennsylvania and the national median offers valuable insight into the local tax landscape.

Property Tax Rates Across Woodward, Centre County, Pennsylvania

Source: Ownwell

1.80%

2.92%

4.04%

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 Woodward Tax Rate

3.10%

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 Woodward, Centre County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
16882	3.09%	3.10%	3.10%	3.10%	3.10%

Source: Ownwell

Property Tax Assessment Values Across Woodward, Centre County, Pennsylvania

When examining property taxes in Woodward, 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 Assessment Office 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 Woodward. For example, the median home price in Woodward is $58,080, with tax bills ranging significantly across the county. 16882 has the highest median home price at $58,080.

Property Tax Assessment Values Across Woodward, Centre County, Pennsylvania

Source: Ownwell

$21,600

$79,740

$137,880

Median Woodward Market Value

$58,080

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 Woodward, Centre County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
16882	$9,552	$22,440	$58,080	$113,550	$186,100

Source: Ownwell

Property Tax Bills Across Woodward, Centre County, Pennsylvania

In Woodward, Centre County, PA, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price here is $58,080, and the tax bill varies significantly across different percentiles. For example, the 25th percentile tax bill is $697, while the 75th percentile reaches $3,524, and the 90th percentile climbs to $5,777. This variation is due to differences in assessed property values and tax rates, which can impact homeowners' financial planning. With a median property tax bill of $1,794 in the 16882 zip code, Woodward's tax burden is below the national median of $2,400, offering some relief to homeowners. However, understanding the complexities of property tax assessments can be challenging. This is where Ownwell comes in, offering expert property tax appeal and exemption services. By analyzing your property's assessed value and ensuring it's accurate, Ownwell helps homeowners potentially lower their tax bills, providing significant savings and peace of mind.

Property Tax Bills Across Woodward, Centre County, Pennsylvania

Source: Ownwell

$544

$2,489

$4,433

Median Woodward Tax Bill

$1,794

Median Centre County Tax Bill

$3,173

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Woodward, Centre County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
16882	$308	$697	$1,794	$3,524	$5,777

Source: Ownwell