Liberty, Pennsylvania Property Taxes
The median property tax rate in Liberty, PA is 2.58%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Liberty, the typical annual property tax bill reaches $2,006, falling below the national median of $2,690. Property taxes in Liberty 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 Liberty'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 Liberty 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
Liberty, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.58%
Estimate Property Tax Bill
$2,114
Ownwell’s Liberty Property Tax Bill Calculator provides homeowners, real estate investors, and potential buyers with an easy way to estimate annual property taxes in Liberty using just two data points. By inputting your property's estimated assessed value, the calculator applies the median tax rate in Liberty to generate an estimated property tax bill. This useful tool helps you gain a clear understanding of potential tax liabilities. For those interested in more detailed trends, you can scroll down to find localized information at the neighborhood level. Your property’s assessed value, determined by the county, is used for property tax calculations and accounts for any applicable exemptions.
Property Tax Rates Across Liberty, Pennsylvania
Property taxes in Liberty, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Liberty is 2.58%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Liberty set these rates annually, and they can vary significantly across different neighborhoods. Each year, Liberty 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 Liberty's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16930 zip code has both the highest and lowest median property tax rate of 2.58%. Understanding how these cities compare with Liberty 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 Liberty Tax Rate
2.58%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Liberty, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16930 | 1.89% | 2.58% | 2.58% | 2.58% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Liberty, Pennsylvania
In Liberty, 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 Liberty, 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 Liberty is $81,925, with tax bills ranging from $1,346 at the 25th percentile to $2,804 at the 75th percentile, and up to $3,787 at the 90th percentile. The zip code with the highest median tax bill is 16930, with a median tax bill of $2,006. 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 Liberty helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Liberty Assessed Value
$81,925
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 Liberty, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16930 | $26,158 | $54,048 | $81,925 | $120,838 | $172,810 |
Source: Ownwell
Property Tax Bills Across Liberty, Pennsylvania
In Liberty, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Liberty, the median home price stands at $81,925. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,346 and the 75th percentile reaching $2,804. At the higher end, the 90th percentile tax bill climbs to $3,787. These tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For comparison, Liberty's median property tax rate is notably higher than the national median of 0.99%. This can have a substantial impact on homeowners, potentially affecting their financial planning and the overall affordability of owning property in the area. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Liberty Tax Bill
$2,006
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Liberty, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16930 | $690 | $1,346 | $2,006 | $2,804 | $3,787 |
Source: Ownwell