Montoursville, Pennsylvania Property Taxes
The median property tax rate in Montoursville, PA is 2.35%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Montoursville, the typical annual property tax bill reaches $3,042, exceeding the national median of $2,690. Property taxes in Montoursville 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 Montoursville'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 Montoursville 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
Montoursville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.35%
Estimate Property Tax Bill
$2,843
Ownwell’s Montoursville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Montoursville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Montoursville 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 Montoursville, Pennsylvania
Property taxes in Montoursville, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Montoursville is 2.35%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Montoursville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Montoursville 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 Montoursville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17754 has the highest median property tax rate of 2.35%, while the same zip code also has the lowest median tax rate of 2.35%. Understanding how these cities compare with Montoursville 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 Montoursville Tax Rate
2.35%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Montoursville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17754 | 2.23% | 2.30% | 2.35% | 2.75% | 2.75% |
Source: Ownwell
Property Tax Assessment Values Across Montoursville, Pennsylvania
In Montoursville, 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. In Montoursville, 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 Montoursville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Montoursville are both $3,042, found in the 17754 zip code.
Property Tax Assessment Values Across Montoursville, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Montoursville Assessed Value
$120,995
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 Montoursville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17754 | $70,923 | $92,532 | $120,995 | $164,328 | $216,107 |
Source: Ownwell
Property Tax Bills Across Montoursville, Pennsylvania
In Montoursville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Montoursville, located in Lycoming County, PA, can expect their property tax bill to be influenced by several factors, including the property's assessed value, the local tax rate, and any applicable exemptions or abatements. The median home price in Montoursville is $120,995, and the property tax rate in the area is notably higher than the national median property tax rate of 0.99%. For instance, the 25th percentile tax bill is $2,383, while the 75th percentile tax bill reaches $3,983. At the 90th percentile, homeowners may face tax bills as high as $5,015. This variability in tax bills means that homeowners must be prepared for significant differences based on their property's assessed value and any changes in local tax rates or policies. These property taxes contribute to funding essential local services such as schools, public safety, and infrastructure.
Average Montoursville Tax Bill
$3,042
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Montoursville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17754 | $1,800 | $2,383 | $3,042 | $3,983 | $5,015 |
Source: Ownwell