Williamsport, Pennsylvania Property Taxes
The median property tax rate in Williamsport, PA is 3.03%, significantly higher than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With the median home value in Williamsport at $82,290, the typical annual property tax bill reaches $2,681, just below the national median of $2,690. Property taxes in Williamsport 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 Williamsport'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 Williamsport or another part of Lycoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Williamsport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$2,493
Ownwell’s Williamsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsport 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 Lycoming County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Williamsport, Pennsylvania
Property taxes in Williamsport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsport is 3.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Williamsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsport 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 Williamsport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17701 has the highest median property tax rate of 4.00%, while zip code 17702 has the lowest median tax rate of 3.03%. Understanding how these cities compare with Williamsport 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 Williamsport Tax Rate
3.03%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | 2.23% | 2.45% | 4.00% | 4.00% | 4.00% |
| 17702 | 2.51% | 2.69% | 3.03% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across Williamsport, Pennsylvania
In Williamsport, 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 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 Williamsport, 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 Williamsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 17701 has the highest median tax bill at $2,707, while zip code 17702 has the lowest at $2,596.
Property Tax Assessment Values Across Williamsport, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Williamsport Assessed Value
$82,290
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 Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | $45,522 | $61,135 | $79,960 | $111,510 | $158,694 |
| 17702 | $55,366 | $70,960 | $88,700 | $115,210 | $146,276 |
Source: Ownwell
Property Tax Bills Across Williamsport, Pennsylvania
In Williamsport, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Williamsport, the median home price is $82,290. The tax bills can vary significantly, with the 25th percentile tax bill at $2,085 and the 75th percentile tax bill at $3,434. At the higher end, the 90th percentile tax bill reaches $4,647. The highest median tax bill in Williamsport is found in the 17701 zip code, amounting to $2,707, while the lowest median tax bill is in the 17702 zip code at $2,596. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the specific economic and property valuation conditions in Lycoming County. This variation in tax bills can significantly impact homeowners' annual expenses, influencing decisions on property investments and affordability.
Average Williamsport Tax Bill
$2,681
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | $1,564 | $2,080 | $2,707 | $3,471 | $4,796 |
| 17702 | $1,605 | $2,095 | $2,596 | $3,327 | $4,196 |
Source: Ownwell