Roaring Branch, Pennsylvania Property Taxes
The median property tax rate in Roaring Branch, PA is 2.46%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Roaring Branch, the typical annual property tax bill reaches $1,160, exceeding the national median of $2,690. Property taxes in Roaring Branch 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 Roaring Branch'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 Roaring Branch 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
Roaring Branch, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$1,213
Ownwell’s Roaring Branch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roaring Branch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roaring Branch 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 Roaring Branch, Pennsylvania
Property taxes in Roaring Branch, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaring Branch is 2.46%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Roaring Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaring Branch 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 Roaring Branch's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the zip code 17765 has both the highest and lowest median property tax rate of 2.46%. Understanding how these areas compare with Roaring Branch 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 Roaring Branch Tax Rate
2.46%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Roaring Branch, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | 2.16% | 2.41% | 2.46% | 2.46% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Roaring Branch, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Roaring Branch, 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 Roaring Branch, 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 Roaring Branch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1160 in the zip code 17765, reflecting a consistent tax landscape.
Property Tax Assessment Values Across Roaring Branch, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Roaring Branch Assessed Value
$49,300
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 Roaring Branch, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | $15,204 | $23,920 | $49,300 | $82,355 | $121,920 |
Source: Ownwell
Property Tax Bills Across Roaring Branch, Pennsylvania
In Roaring Branch, located in Lycoming County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. For example, with a median home price of $49,300, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is around $549, while those at the 75th percentile can see bills as high as $1,970. At the 90th percentile, tax bills can soar to $2,907. This wide range indicates how property assessments and tax rates impact homeowners differently. Compared to the national median property tax rate of 0.99%, the tax burden in Roaring Branch can be substantial. For homeowners, understanding these factors is crucial, as property taxes directly affect annual expenses and overall affordability of owning a home. Accurate assessments and fair taxation are essential for maintaining financial stability and ensuring equitable contributions to community services.
Average Roaring Branch Tax Bill
$1,160
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaring Branch, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | $375 | $549 | $1,160 | $1,970 | $2,907 |
Source: Ownwell