Forksville, Pennsylvania Property Taxes
The median property tax rate in Forksville, PA is 1.15%, slightly higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $116,676, the typical annual property tax bill in Forksville amounts to $1,568, well below the national median of $2,690. Property taxes here are based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. By understanding Forksville's property tax system, exploring available exemptions, and identifying opportunities for reductions, homeowners and real estate investors can achieve substantial annual savings. Whether you're residing in Forksville or investing in the area, a thorough grasp of the local property tax system is essential for financial efficiency and long-term planning.
Last Updated June 14, 2024
Forksville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$1,342
Ownwell’s Forksville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forksville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forksville 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 Forksville, Pennsylvania
Property taxes in Forksville, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forksville is 1.15%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Forksville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forksville 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 Forksville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18616 has the highest median property tax rate of 1.15%, while the same zip code also has the lowest median tax rate of 1.15%. Understanding how these areas compare with Forksville provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Forksville Tax Rate
1.15%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18616 | 1.15% | 1.15% | 1.15% | 1.15% | 11.78% |
Source: Ownwell
Property Tax Assessment Values Across Forksville, Pennsylvania
In Forksville, 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 Sullivan 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 Forksville, 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 Forksville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 18616, with a median tax bill of $1568.
Property Tax Assessment Values Across Forksville, Pennsylvania
Source: Ownwell
$64,344
$227,052
$389,760
Average Forksville Assessed Value
$116,676
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Forksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18616 | $25,301 | $62,370 | $116,676 | $196,392 | $309,607 |
Source: Ownwell
Property Tax Bills Across Forksville, Pennsylvania
In Forksville, Sullivan County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county and is typically a percentage of the market value of the property. Factors such as home improvements, neighborhood developments, and changes in the real estate market can influence this assessed value. For homeowners in Forksville, the median home price stands at $116,676. Property tax bills can vary significantly, with the 25th percentile paying around $850 annually, while those at the 75th percentile face bills of about $2,838. At the higher end, the 90th percentile sees tax bills reaching up to $6,221. Comparatively, the highest and lowest median tax bills in the area are both $1,568, which is higher than the national median property tax rate of 0.99%. This variability in tax bills can have a substantial impact on homeowners, influencing affordability and long-term financial planning.
Average Forksville Tax Bill
$1,568
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Forksville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18616 | $452 | $850 | $1,568 | $2,838 | $6,221 |
Source: Ownwell