Ralston, Pennsylvania Property Taxes
The median property tax rate in Ralston, PA is 2.16%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ralston, the typical annual property tax bill reaches $1,079, exceeding the national median of $2,690. Property taxes in Ralston 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 Ralston'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 Ralston 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
Ralston, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$1,081
Ownwell’s Ralston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ralston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ralston 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 Ralston, Pennsylvania
Property taxes in Ralston, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ralston is 2.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ralston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ralston 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 Ralston's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17763 zip code has the highest median property tax rate of 2.16%, while the 17763 zip code also has the lowest median tax rate of 2.16%. Understanding how these cities compare with Ralston 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 Ralston Tax Rate
2.16%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ralston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17763 | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Ralston, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ralston, Pennsylvania. 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 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 Ralston, 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 Ralston 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 in Ralston is 17763, with a median tax bill of $1079. The same zip code also has the lowest median tax bill at $1079.
Average Ralston Assessed Value
$50,040
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 Ralston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17763 | $14,992 | $26,050 | $50,040 | $67,050 | $82,428 |
Source: Ownwell
Property Tax Bills Across Ralston, Pennsylvania
In Ralston, Lycoming County, PA, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The local tax rate is applied to this assessed value to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Ralston, the median home price is $50,040. The property tax bill varies significantly, with the 25th percentile at $562 and the 75th percentile at $1,446, indicating a wide range in tax burdens. The 90th percentile tax bill reaches up to $1,778, reflecting higher-end properties. Comparatively, the highest and lowest median tax bills in the area both stand at $1,079, which is above the national median property tax rate of 0.99%. This means that for many homeowners, property taxes are a significant annual expense. Understanding these factors can help homeowners anticipate their tax liabilities and manage their finances accordingly.
Average Ralston Tax Bill
$1,079
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ralston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17763 | $323 | $562 | $1,079 | $1,446 | $1,778 |
Source: Ownwell