Wellsboro, Pennsylvania Property Taxes
The median property tax rate in Wellsboro, PA is 2.80%, which is significantly higher than the national median of 0.99% but slightly below the Pennsylvania state median of 2.81%. With a median home value of $83,485 in Wellsboro, the typical annual property tax bill amounts to $2,360, falling short of the national median of $2,690. Property taxes in Wellsboro are calculated based on the assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Navigating Wellsboro's property tax system, exploring available exemptions, and identifying potential reductions can result in substantial annual savings. Whether you're in the heart of Wellsboro or another part of Tioga County, understanding the local property tax landscape is beneficial for both homeowners and real estate investors.
Last Updated June 14, 2024
Wellsboro, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$2,338
Ownwell’s Wellsboro Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wellsboro with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wellsboro 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 Wellsboro, Pennsylvania
Property taxes in Wellsboro, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wellsboro is 2.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wellsboro set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wellsboro 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 Wellsboro's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16901 zip code has the highest median property tax rate of 2.80%, while the same zip code also has the lowest median tax rate of 2.80%. Understanding how these cities compare with Wellsboro 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 Wellsboro Tax Rate
2.80%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wellsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16901 | 2.47% | 2.70% | 2.80% | 2.86% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Wellsboro, Pennsylvania
In Wellsboro, 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 local authorities 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 Wellsboro, 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. With a median home price of $83,485, the tax bills can vary significantly. For instance, the 25th percentile tax bill is around $1,467, while the 75th percentile tax bill can reach up to $3,450. Notably, the highest and lowest median tax bills both stand at $2,360 in the 16901 zip code. By understanding 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 Wellsboro helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Wellsboro Assessed Value
$83,485
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 Wellsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16901 | $26,864 | $53,772 | $83,485 | $125,150 | $172,800 |
Source: Ownwell
Property Tax Bills Across Wellsboro, Pennsylvania
In Wellsboro, located in Tioga County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value and serves as the basis for the tax calculation. Homeowners in Wellsboro are subject to a median property tax rate that is aligned with the county's standards. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the median home price in Wellsboro is $83,485, and property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $1,467, while those at the 75th percentile could see bills as high as $3,450. In some cases, tax bills can reach up to $4,720 at the 90th percentile. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure, making it essential for homeowners to understand how their tax bills are computed.
Average Wellsboro Tax Bill
$2,360
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wellsboro, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16901 | $721 | $1,467 | $2,360 | $3,450 | $4,720 |
Source: Ownwell