Jersey Shore, Pennsylvania Property Taxes
The median property tax rate in Jersey Shore, PA is 3.16%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jersey Shore at $80,370, the typical annual property tax bill reaches $2,464, which is below the national median of $2,690. Property taxes in Jersey Shore are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Jersey Shore'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 Jersey Shore or another part of Lycoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Jersey Shore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.16%
Estimate Property Tax Bill
$2,540
Ownwell’s Jersey Shore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jersey Shore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jersey Shore 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 Jersey Shore, Pennsylvania
Property taxes in Jersey Shore, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jersey Shore is 3.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jersey Shore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jersey Shore 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 Jersey Shore's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17740 zip code has the highest median property tax rate of 3.16%, while the 17723 zip code has the lowest median tax rate of 2.49%. Understanding how these areas compare with Jersey Shore provides valuable insights into the varying tax landscape across Lycoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jersey Shore Tax Rate
3.16%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jersey Shore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17723 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
| 17740 | 2.51% | 2.61% | 3.16% | 3.45% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Jersey Shore, Pennsylvania
In Jersey Shore, 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 Lycoming 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. 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 Jersey Shore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lycoming County, the zip code with the highest median tax bill is 17740 at $2,465, while the lowest is 17723 at $271.
Property Tax Assessment Values Across Jersey Shore, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Jersey Shore Assessed Value
$80,370
Average Lycoming County Assessed Value
$87,660
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jersey Shore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17723 | $9,824 | $10,130 | $10,885 | $11,675 | $12,044 |
| 17740 | $36,236 | $61,942 | $80,390 | $108,282 | $147,625 |
Source: Ownwell
Property Tax Bills Across Jersey Shore, Pennsylvania
In Jersey Shore, 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's property assessor and is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For example, in Lycoming County, where Jersey Shore is located, the median home price is $80,370. Homeowners in Jersey Shore can expect varying property tax bills depending on their property's value. The tax bill at the 25th percentile is $1,913, while at the 75th percentile, it reaches $3,151. For those at the 90th percentile, the tax bill can be as high as $4,213. These figures highlight the significant impact property taxes can have on homeowners' finances. Compared to the national median property tax rate of 0.99%, the rates in Jersey Shore can result in relatively high tax bills, especially for higher-valued properties.
Average Jersey Shore Tax Bill
$2,464
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jersey Shore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17723 | $244 | $252 | $271 | $290 | $300 |
| 17740 | $1,007 | $1,916 | $2,465 | $3,152 | $4,214 |
Source: Ownwell