Middlebury Center, Pennsylvania Property Taxes
The median property tax rate in Middlebury Center, PA is 2.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Middlebury Center, the typical annual property tax bill reaches $2,053, still below the national median of $2,690. Property taxes in Middlebury Center 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 Middlebury Center'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 Middlebury Center 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
Middlebury Center, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$2,182
Ownwell’s Middlebury Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middlebury Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middlebury Center 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 Middlebury Center, Pennsylvania
Property taxes in Middlebury Center, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middlebury Center is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Middlebury Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middlebury Center 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 Middlebury Center's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16935 zip code has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these areas compare with Middlebury Center 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 Middlebury Center Tax Rate
2.79%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middlebury Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16935 | 2.04% | 2.66% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Middlebury Center, Pennsylvania
In Middlebury Center, 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 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 Middlebury Center, 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 Middlebury Center helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $2053, found in zip code 16935.
Property Tax Assessment Values Across Middlebury Center, Pennsylvania
Source: Ownwell
$35,980
$66,403
$96,825
Average Middlebury Center Assessed Value
$78,190
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 Middlebury Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16935 | $22,690 | $46,850 | $78,190 | $114,100 | $161,730 |
Source: Ownwell
Property Tax Bills Across Middlebury Center, Pennsylvania
In Middlebury Center, Tioga County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office and reflects a percentage of the property's market value. Homeowners in Middlebury Center face a property tax rate that is influenced by local government budgets and the need to fund public services such as schools, infrastructure, and emergency services. For a median home price of $78,190, property tax bills can vary significantly. The 25th percentile tax bill is $1,212, while the 75th percentile reaches $2,944, and the 90th percentile can go up to $4,035. This range highlights how different factors, such as property improvements or neighborhood changes, can impact the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, homeowners in Middlebury Center might experience higher or lower tax burdens depending on the assessed value and specific local tax rates. These variations directly affect homeowners' annual financial planning and overall cost of living.
Average Middlebury Center Tax Bill
$2,053
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Middlebury Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16935 | $610 | $1,212 | $2,053 | $2,944 | $4,035 |
Source: Ownwell