Hyndman, Somerset County, Pennsylvania Property Taxes
Median HYNDMAN, PA effective property tax rate: 1.90%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median HYNDMAN, PA home value: $41,800
Median annual HYNDMAN, PA tax bill: $795, $1,605 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in HYNDMAN, 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 HYNDMAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in HYNDMAN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Hyndman, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.9%
Estimate Property Tax Bill
$794
$737
Property Tax Rates Across Hyndman, Somerset County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Why? Because 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 Hyndman's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
Hyndman, located in Somerset County, presents a unique case with its property tax rate. The median property tax rate here is 1.90%, which stands out when compared to the national median of 1.02%. This rate is also the highest and lowest within the zip code 15545, indicating a uniformity in the local tax rate. Such a rate can significantly impact homeowners, especially when compared to the national median property tax bill of $2400. Understanding these differences is crucial for homeowners considering an appeal or exemption, as even a small percentage change can result in substantial savings or costs.
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 Hyndman Tax Rate
1.90%
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 Somerset County Tax Rate
2.69%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Hyndman, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15545 | 1.90% | 1.90% | 1.90% | 1.90% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Hyndman, Somerset County, Pennsylvania
When examining property taxes in Hyndman, 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 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 Hyndman.
For example, the median home price in Hyndman is $41,800, with tax bills ranging significantly across the county. Zip code 15545 has the highest median home price at $41,800, with the median tax bill at $795, which is below the national median property tax bill of $2400.
Property Tax Assessment Values Across Hyndman, Somerset County, Pennsylvania
Source: Ownwell
$27,215
$78,308
$129,400
Median Hyndman Market Value
$41,800
Median Somerset County Market Value
$50,500
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Hyndman, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15545 | $13,530 | $26,765 | $41,800 | $64,650 | $96,252 |
Source: Ownwell
Property Tax Bills Across Hyndman, Somerset County, Pennsylvania
In Hyndman, located in 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 median home price in this area is $41,800, and property tax bills vary significantly, with the 25th percentile at $509 and the 75th percentile at $1,231. The tax rate applied to the assessed value determines the final tax bill, impacting homeowners' financial planning. Compared to the national median property tax bill of $2,400, Hyndman's tax bills are relatively modest, but they still represent a significant expense for many homeowners.
Factors influencing the tax bill include changes in property value, local government budgets, and tax rate adjustments. These can lead to fluctuations in the annual tax burden. Homeowners can benefit from Ownwell's expertise in property tax appeals and exemptions. By analyzing property assessments and identifying potential discrepancies, Ownwell helps homeowners reduce their tax bills, ensuring they only pay their fair share. This service can lead to substantial savings, providing financial relief and peace of mind.
Median Hyndman Tax Bill
$795
Median Somerset County Tax Bill
$1,299
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Hyndman, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15545 | $257 | $509 | $795 | $1,231 | $1,831 |
Source: Ownwell