Mount Morris, Pennsylvania Property Taxes
The median property tax rate in Mount Morris, PA is 4.18%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mount Morris at $45,745, the typical annual property tax bill reaches $1,787, which is below the national median of $2,690. Property taxes in Mount Morris are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mount Morris'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 Mount Morris or another part of Greene County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Morris, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.18%
Estimate Property Tax Bill
$1,912
Ownwell’s Mount Morris Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Morris with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Morris 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 Mount Morris, Pennsylvania
Property taxes in Mount Morris, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Morris is 4.18%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Morris set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Morris 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 Mount Morris's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15349 has the highest median property tax rate of 4.18%, while it also represents the lowest median tax rate of 4.18%. Understanding how these cities compare with Mount Morris provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Morris Tax Rate
4.18%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15349 | 3.51% | 3.65% | 4.18% | 4.18% | 4.18% |
Source: Ownwell
Property Tax Assessment Values Across Mount Morris, Pennsylvania
In Mount Morris, 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 local 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 Mount Morris, 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 Mount Morris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15349, at $1,787, which is significantly higher than the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Mount Morris, Pennsylvania
Source: Ownwell
$17,020
$55,833
$94,645
Average Mount Morris Assessed Value
$45,745
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15349 | $9,940 | $20,460 | $45,745 | $75,645 | $111,780 |
Source: Ownwell
Property Tax Bills Across Mount Morris, Pennsylvania
In Mount Morris, Greene County, PA, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine this assessed value, which is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, the median home price in Mount Morris is $45,745. Homeowners in this area can expect their tax bills to vary significantly. The 25th percentile tax bill is around $827, while the 75th percentile tax bill can reach up to $2,807. At the higher end, the 90th percentile tax bill can be as much as $4,280. These variations depend on the specific assessed value of the property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, Mount Morris homeowners may find their tax rates to be relatively high or low, impacting their annual financial obligations. Understanding these factors helps homeowners anticipate their property tax responsibilities and plan their finances accordingly.
Average Mount Morris Tax Bill
$1,787
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Morris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15349 | $412 | $827 | $1,787 | $2,807 | $4,280 |
Source: Ownwell