Meyersdale, Somerset County, Pennsylvania Property Taxes
Median Meyersdale, PA effective property tax rate: 1.99%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Meyersdale, PA home value: $40,990
Median annual Meyersdale, PA tax bill: $937, $1,463 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Meyersdale, 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 Meyersdale’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Meyersdale, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Meyersdale, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.99%
Estimate Property Tax Bill
$816
$757
Ownwell’s Meyersdale Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Meyersdale with just two data points.
By entering your property's estimated assessed value, our calculator applies Meyersdale’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 Meyersdale, Somerset County, Pennsylvania
Local government entities determine property tax rates, which can vary significantly across a state. Each year, counties calculate their necessary budget to fund public services and divide it by the total assessed value of all taxable properties within their area. This process determines the property tax rate. Although votes and legislation play a role in setting these rates and budgets, this is the fundamental annual procedure.
In Meyersdale, located in Somerset County, Pennsylvania, the effective property tax rate is noteworthy when compared to other cities in the state. Pennsylvania's median property tax rate stands at 1.99%, which is notably higher than the national median of 1.02%. This difference highlights the unique property tax landscape within the state. Meyersdale's property tax rate aligns with the state median, reflecting the overall trend in Pennsylvania.
Understanding these rates is crucial for property owners seeking to manage their tax liabilities effectively. By comparing Meyersdale's rate to both state and national figures, property owners can gain insight into their tax obligations and explore potential opportunities for appeals or exemptions.
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 Meyersdale Tax Rate
1.99%
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 Meyersdale, Somerset County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
15552 | 1.90% | 1.97% | 1.99% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Meyersdale, Somerset County, Pennsylvania
When examining property taxes in Meyersdale, 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 May. 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 Meyersdale.
For example, the median home price in Meyersdale is $40,990, with tax bills ranging significantly across the county. Zip code 15552 has the highest median home price at $40,990.
Property Tax Assessment Values Across Meyersdale, Somerset County, Pennsylvania
Source: Ownwell
$27,215
$78,308
$129,400
Median Meyersdale Market Value
$40,990
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 Meyersdale, Somerset County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
15552 | $15,620 | $29,610 | $40,990 | $63,100 | $90,590 |
Source: Ownwell
Property Tax Bills Across Meyersdale, Somerset County, Pennsylvania
Median Meyersdale Tax Bill
$937
Median Somerset County Tax Bill
$1,299
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Meyersdale, Somerset County, Pennsylvania
Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
---|---|---|---|---|---|
15552 | $325 | $646 | $937 | $1,349 | $1,858 |
Source: Ownwell