Brockport, Pennsylvania Property Taxes
The median property tax rate in Brockport, PA is 2.48%, notably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $37,150 in Brockport, the typical annual property tax bill comes to $954, which is below the national median of $2,690. Property taxes in Brockport are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Brockport'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 Brockport or elsewhere in the city, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Brockport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.48%
Estimate Property Tax Bill
$921
Ownwell’s Brockport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brockport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brockport 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 Brockport, Pennsylvania
Property taxes in Brockport, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brockport is 2.48%, significantly higher than the U.S. national median of 0.99%. Local government entities within Brockport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brockport 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 Brockport's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15823 has the highest median property tax rate of 2.48%, while the lowest median tax rate is also 2.48% in the same zip code. Understanding how these figures compare with Brockport provides valuable insights into the varying tax landscape across Elk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brockport Tax Rate
2.48%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brockport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15823 | 2.48% | 2.48% | 2.48% | 3.00% | 3.00% |
Source: Ownwell
Property Tax Assessment Values Across Brockport, Pennsylvania
In Brockport, 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 Elk 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 Brockport, 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. For instance, the median home price in Brockport is $37,150, with tax bills ranging from $294 at the 25th percentile to $1,907 at the 90th percentile. The highest median tax bill is $954 in the 15823 zip code, which is also the lowest. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brockport Assessed Value
$37,150
Average Elk County Assessed Value
$39,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brockport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15823 | $3,300 | $11,350 | $37,150 | $55,700 | $74,310 |
Source: Ownwell
Property Tax Bills Across Brockport, Pennsylvania
In Brockport, 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 and reflects the market value of the property. Homeowners in Brockport, located in Elk County, typically see a median home price of $37,150. The property tax rate in this region is applied to the assessed value to determine the annual tax bill. For instance, the 25th percentile of tax bills in Brockport is around $294, while the 75th percentile reaches up to $1,425. The top 10% of property tax bills can go as high as $1,907. These figures indicate a range of tax burdens depending on the property's assessed value and specific local rates. Compared to the national median property tax rate of 0.99%, Brockport homeowners experience a relatively modest tax rate, which can significantly impact their overall financial planning and homeownership costs.
Average Brockport Tax Bill
$954
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Brockport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15823 | $91 | $294 | $954 | $1,425 | $1,907 |
Source: Ownwell