Harrison Valley, Pennsylvania Property Taxes
The median property tax rate in Harrison Valley, PA is 6.32%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Harrison Valley, the typical annual property tax bill reaches $1,789, which is below the national median of $2,690. Property taxes in Harrison Valley are calculated based on the tax assessed value, typically lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Harrison Valley'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 Harrison Valley or another part of Potter County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Harrison Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.32%
Estimate Property Tax Bill
$1,613
Ownwell’s Harrison Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Harrison Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Harrison Valley 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 Harrison Valley, Pennsylvania
Property taxes in Harrison Valley, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Harrison Valley is 6.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Harrison Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Harrison Valley 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 Harrison Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16927 zip code has the highest median property tax rate of 6.32%, while the 16927 zip code also has the lowest median tax rate of 6.32%. Understanding how these cities compare with Harrison Valley provides valuable insights into the varying tax landscape across Potter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Harrison Valley Tax Rate
6.32%
Average Potter County Tax Rate
6.53%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Harrison Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16927 | 6.32% | 6.32% | 6.32% | 6.32% | 6.32% |
Source: Ownwell
Property Tax Assessment Values Across Harrison Valley, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Harrison Valley, PA. 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 Potter County 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. 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. The median home price in Harrison Valley is $25,530, and the median property tax bill is $1,789. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Harrison Valley, Pennsylvania
Source: Ownwell
$8,430
$18,425
$28,420
Average Harrison Valley Assessed Value
$25,530
Average Potter County Assessed Value
$13,240
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Harrison Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16927 | $9,225 | $17,338 | $25,530 | $40,085 | $51,060 |
Source: Ownwell
Property Tax Bills Across Harrison Valley, Pennsylvania
In Harrison Valley, located in Potter County, PA, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine the assessed value, which is then multiplied by the local property tax rate to arrive at the annual tax bill. For homeowners in Harrison Valley, the median home price is $25,530. The property tax rate in this region leads to a median tax bill of $1,789, which is significantly higher than the national median property tax rate of 0.99%. This relatively high tax bill can impact homeowners by increasing the overall cost of homeownership. Factors such as property size, location, and improvements can influence the assessed value, subsequently affecting the tax bill. Homeowners should be aware of these factors as they directly impact their annual tax obligations. Understanding how these elements interplay can help homeowners better manage their finances and plan for potential tax appeals or exemptions.
Average Harrison Valley Tax Bill
$1,789
Average Potter County Tax Bill
$970
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Harrison Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16927 | $1,789 | $1,789 | $1,789 | $1,789 | $1,789 |
Source: Ownwell