Morris, Pennsylvania Property Taxes
The median property tax rate in Morris, PA is 2.78%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Morris at $60,280, the typical annual property tax bill reaches $1,625, which is lower than the national median of $2,690. Property taxes in Morris are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morris'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 Morris 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
Morris, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.78%
Estimate Property Tax Bill
$1,676
Ownwell’s Morris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morris 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 Morris, Pennsylvania
Property taxes in Morris, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morris is 2.78%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Morris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morris 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 Morris's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16938 zip code has the highest median property tax rate of 2.78%, while the same zip code also has the lowest median tax rate of 2.78%. Understanding how these cities compare with Morris provides valuable insights into the varying tax landscape across Lycoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morris Tax Rate
2.78%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16938 | 2.61% | 2.78% | 2.78% | 2.78% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Morris, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Morris, Pennsylvania. 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 Lycoming 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 Morris, 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 Morris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,625, found in the 16938 zip code, while the lowest median tax bill is also $1,625 in the same zip code.
Average Morris Assessed Value
$60,280
Average Lycoming County Assessed Value
$87,660
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16938 | $23,454 | $41,552 | $60,280 | $81,748 | $116,401 |
Source: Ownwell
Property Tax Bills Across Morris, Pennsylvania
In Morris, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property location, size, and improvements can influence the assessed value. For homeowners in Morris, the median home price is $60,280, and the property tax rate is competitive compared to the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill in Morris is $1,133, while the 75th percentile tax bill is $2,274, and the 90th percentile tax bill reaches $3,238. These figures illustrate the range of tax burdens homeowners can expect, depending on their property's assessed value. The highest and lowest median tax bills in the area both stand at $1,625 in the 16938 zip code, indicating a level of consistency in tax assessments within the region. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Morris Tax Bill
$1,625
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16938 | $652 | $1,133 | $1,625 | $2,274 | $3,238 |
Source: Ownwell