Milanville, Pennsylvania Property Taxes
The median property tax rate in Milanville, PA is 2.37%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Milanville at $206,350, the typical annual property tax bill reaches $4,898, exceeding the national median of $2,690. Property taxes in Milanville 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 Milanville'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 Milanville 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
Milanville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.37%
Estimate Property Tax Bill
$4,890
Ownwell’s Milanville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Milanville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Milanville 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 Milanville, Pennsylvania
Property taxes in Milanville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Milanville is 2.37%, significantly higher than the U.S. national median of 0.99%. Local government entities within Milanville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Milanville 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 Milanville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18443 has both the highest and lowest median property tax rate of 2.37%. Understanding how these cities compare with Milanville provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Milanville Tax Rate
2.37%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Milanville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18443 | 2.37% | 2.37% | 2.37% | 2.37% | 2.37% |
Source: Ownwell
Property Tax Assessment Values Across Milanville, Pennsylvania
In Milanville, 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 Wayne 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 Milanville, 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 Milanville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Milanville is $4898, while the lowest is also $4898, both in zip code 18443.
Average Milanville Assessed Value
$206,350
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Milanville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18443 | $64,950 | $138,825 | $206,350 | $296,950 | $404,250 |
Source: Ownwell
Property Tax Bills Across Milanville, Pennsylvania
In Milanville, located in Wayne County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and market conditions can influence the assessed value. For homeowners in Milanville, the median home price is $206,350. The tax bills vary significantly, with the 25th percentile tax bill at $3,295 and the 75th percentile reaching $7,048. At the higher end, the 90th percentile tax bill can be as much as $9,595. Comparatively, the median property tax rate in Milanville is considerably higher than the national median property tax rate of 0.99%. This substantial property tax burden can affect homeowners by increasing the overall cost of homeownership, which might influence decisions on buying, selling, or investing in property within the area.
Average Milanville Tax Bill
$4,898
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Milanville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18443 | $1,542 | $3,295 | $4,898 | $7,048 | $9,595 |
Source: Ownwell