Rices Landing, Pennsylvania Property Taxes
The median property tax rate in Rices Landing, PA is 4.28%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Rices Landing at $34,880, the typical annual property tax bill reaches $1,432, exceeding the national median of $2,690. Property taxes in Rices Landing are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Rices Landing's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Rices Landing or another part of Greene County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rices Landing, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.28%
Estimate Property Tax Bill
$1,493
Ownwell’s Rices Landing Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rices Landing with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rices Landing to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Rices Landing, Pennsylvania
Property taxes in Rices Landing, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rices Landing is 4.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rices Landing set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rices Landing estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Rices Landing's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15357 zip code has the highest median property tax rate of 4.28%, while the 15357 zip code also has the lowest median tax rate of 4.28%. Understanding how these cities compare with Rices Landing provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Rices Landing Tax Rate
4.28%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rices Landing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15357 | 3.80% | 3.80% | 4.28% | 4.30% | 4.30% |
Source: Ownwell
Property Tax Assessment Values Across Rices Landing, Pennsylvania
In Rices Landing, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the local appraisal district for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Rices Landing, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Rices Landing helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $34,880, with tax bills ranging from $600 at the 25th percentile to $2,240 at the 75th percentile, and up to $3,675 at the 90th percentile. The zip code with the highest and lowest median tax bill is 15357, both at $1,432.
Property Tax Assessment Values Across Rices Landing, Pennsylvania
Source: Ownwell
$17,020
$55,833
$94,645
Average Rices Landing Assessed Value
$34,880
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Rices Landing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15357 | $6,520 | $14,965 | $34,880 | $54,740 | $92,770 |
Source: Ownwell
Property Tax Bills Across Rices Landing, Pennsylvania
Property tax bills in Rices Landing, located in Greene County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the property tax rate to determine the annual tax bill. In Rices Landing, the median home price is $34,880. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $600, while the 75th percentile tax bill reaches approximately $2,240. At the higher end, the 90th percentile tax bill can be as much as $3,675. These figures indicate a range of property tax burdens that can affect homeowners differently depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, Rices Landing's rates can result in varying financial impacts on homeowners, influencing decisions about property investments and homeownership in the area.
Average Rices Landing Tax Bill
$1,432
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rices Landing, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15357 | $275 | $600 | $1,432 | $2,240 | $3,675 |
Source: Ownwell