Cedar Run, Pennsylvania Property Taxes
The median property tax rate in Cedar Run, PA is 2.46%, significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $35,980 in Cedar Run, the typical annual property tax bill amounts to $884, which is below the national median of $2,690. Property taxes in Cedar Run are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Cedar Run'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 Cedar Run or another part of Tioga County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cedar Run, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$885
Ownwell’s Cedar Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cedar Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cedar Run 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 Cedar Run, Pennsylvania
Property taxes in Cedar Run, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cedar Run is 2.46%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cedar Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cedar Run 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 Cedar Run's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17727 has both the highest and lowest median property tax rate of 2.46%. Understanding how these areas compare with Cedar Run provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cedar Run Tax Rate
2.46%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cedar Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17727 | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
Source: Ownwell
Property Tax Assessment Values Across Cedar Run, Pennsylvania
In Cedar Run, 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 Tioga 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. In Cedar Run, 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 Cedar Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cedar Run are both $884, associated with zip code 17727.
Average Cedar Run Assessed Value
$35,980
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cedar Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17727 | $35,980 | $35,980 | $35,980 | $35,980 | $35,980 |
Source: Ownwell
Property Tax Bills Across Cedar Run, Pennsylvania
In Cedar Run, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Cedar Run is $35,980, and this value plays a significant role in determining the tax bill. For homeowners in Cedar Run, the property tax bill is fairly consistent, with the 25th, 75th, and 90th percentiles all at $884. This uniformity suggests a stable and predictable tax environment for residents. The tax rate in Cedar Run can be compared to the national median property tax rate of 0.99%. Given the median home price, the tax bill in Cedar Run appears to be relatively high. Factors such as local government budgets, school funding needs, and public services influence these tax rates. For homeowners, this means that while their property tax bills are predictable, they need to budget accordingly to accommodate these expenses. Understanding these factors can help homeowners better manage their finances and plan for future tax obligations.
Average Cedar Run Tax Bill
$884
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cedar Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17727 | $884 | $884 | $884 | $884 | $884 |
Source: Ownwell