Liverpool, Pennsylvania Property Taxes
The median property tax rate in Liverpool, PA is 9.80%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Liverpool at $20,820, the typical annual property tax bill reaches $2,039, nearing the national median of $2,690. Property taxes in Liverpool are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Liverpool'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 Liverpool or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Liverpool, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.8%
Estimate Property Tax Bill
$2,040
Ownwell’s Liverpool Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Liverpool with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Liverpool to provide an estimate of 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 Liverpool, Pennsylvania
Property taxes in Liverpool, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liverpool is 9.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Liverpool set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liverpool 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 Liverpool's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17045 zip code has the highest median property tax rate of 9.80%, while the 17045 zip code also has the lowest median tax rate of 9.80%. Understanding how these cities compare with Liverpool provides valuable insights into the varying tax landscape across Juniata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Liverpool Tax Rate
9.80%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | 9.80% | 9.80% | 9.80% | 9.80% | 9.80% |
Source: Ownwell
Property Tax Assessment Values Across Liverpool, Pennsylvania
In Liverpool, 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 Juniata County Assessment Office 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 Liverpool, 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 Liverpool helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $2,039 in zip code 17045, while the lowest median tax bill is also $2,039 in the same zip code.
Average Liverpool Assessed Value
$20,820
Average Juniata County Assessed Value
$17,920
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | $8,110 | $12,830 | $20,820 | $27,410 | $36,040 |
Source: Ownwell
Property Tax Bills Across Liverpool, Pennsylvania
In Liverpool, property tax bills are calculated based on the assessed value of your home and the local tax rate set by Juniata County. The assessed value is determined by county assessors and is a percentage of the market value of your property. For instance, if the median home price is $20,820, your tax bill will be calculated using this assessed value in conjunction with the local tax rate. Several factors influence your property tax bill, including property size, location, and any improvements made to the home. Homeowners in Liverpool can expect tax bills to vary significantly, with the 25th percentile at $1,250 and the 75th percentile at $2,686. The top 10% of homeowners see tax bills around $3,532, indicating a wide range of property tax obligations. Compared to the national median property tax rate of 0.99%, Liverpool's rates may seem high or low depending on individual assessments and local rates. This variability affects homeowners' financial planning and the overall affordability of living in the area.
Average Liverpool Tax Bill
$2,039
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Liverpool, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17045 | $795 | $1,250 | $2,039 | $2,686 | $3,532 |
Source: Ownwell