Rockwood, Somerset County, Pennsylvania Property Taxes
Median ROCKWOOD, PA effective property tax rate: 1.89%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median ROCKWOOD, PA home value: $45,135
Median annual ROCKWOOD, PA tax bill: $882, $1,518 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in ROCKWOOD, 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 ROCKWOOD’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ROCKWOOD, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Rockwood, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.89%
Estimate Property Tax Bill
$853
$792
Property Tax Rates Across Rockwood, Somerset County, Pennsylvania
Local government entities in Pennsylvania set tax rates, which can vary widely within the state. This is because 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.
Rockwood in Somerset County has an effective property tax rate that reflects the median rate in Pennsylvania, which is 1.89%. This rate is significantly higher than the national median property tax rate of 1.02%. When comparing property tax bills, homeowners in Rockwood may find their bills higher than the national median of $2,400. This is due to the higher tax rate in Pennsylvania compared to the national average. Understanding these differences can help property owners make informed decisions about property tax appeals and 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 Rockwood Tax Rate
1.89%
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 Rockwood, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15557 | 1.85% | 1.85% | 1.89% | 1.90% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across Rockwood, Somerset County, Pennsylvania
When examining property taxes in Rockwood, 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 Rockwood. For example, the median home price in Rockwood is $45,135, with tax bills ranging significantly across the county. Zip code 15557 has the highest median home price at $45,135.
Property Tax Assessment Values Across Rockwood, Somerset County, Pennsylvania
Source: Ownwell
$27,215
$78,308
$129,400
Median Rockwood Market Value
$45,135
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 Rockwood, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15557 | $15,080 | $28,488 | $45,135 | $68,878 | $102,720 |
Source: Ownwell
Property Tax Bills Across Rockwood, Somerset County, Pennsylvania
In Rockwood, property tax bills are calculated based on the assessed value of a homeowner's property, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. In Somerset County, where Rockwood is located, the median property tax bill stands at $882, which is significantly lower than the national median of $2,400. Homeowners in Rockwood can expect tax bills ranging from $559 at the lower end to $1,916 at the higher end, depending on their property's assessed value and the applicable tax rate.
This tax burden can impact homeowners' finances, making it crucial to ensure that assessments are fair and accurate. Ownwell offers valuable services to help homeowners in Rockwood appeal their property tax assessments and secure exemptions where applicable. By leveraging expert knowledge and local data, Ownwell can assist in reducing tax bills, potentially saving homeowners hundreds of dollars annually. With property taxes being a significant expense, ensuring a fair assessment is key to financial well-being.
Median Rockwood Tax Bill
$882
Median Somerset County Tax Bill
$1,299
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Rockwood, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15557 | $287 | $559 | $882 | $1,317 | $1,916 |
Source: Ownwell