Reedsville, Pennsylvania Property Taxes
The median property tax rate in Reedsville, PA is 2.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Reedsville at $97,450, the typical annual property tax bill reaches $2,716, slightly exceeding the national median of $2,690. Property taxes in Reedsville 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 Reedsville'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 Reedsville or another part of Mifflin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Reedsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$2,719
Ownwell’s Reedsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reedsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reedsville 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 Reedsville, Pennsylvania
Property taxes in Reedsville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reedsville is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Reedsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reedsville 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 Reedsville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17084 has both the highest and lowest median property tax rate of 2.79%. Understanding how these areas compare with Reedsville provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Reedsville Tax Rate
2.79%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reedsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17084 | 2.73% | 2.79% | 2.79% | 2.79% | 2.79% |
Source: Ownwell
Property Tax Assessment Values Across Reedsville, Pennsylvania
In Reedsville, 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 Mifflin 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 Reedsville, 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. The median home price in Reedsville is $97,450, with tax bills varying significantly. For example, the 25th percentile tax bill is $1,941, while the 75th percentile tax bill is $3,774. The highest median tax bill in the area is $2,716 in the 17084 zip code. 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 Reedsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reedsville Assessed Value
$97,450
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Reedsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17084 | $45,870 | $69,600 | $97,450 | $135,400 | $189,590 |
Source: Ownwell
Property Tax Bills Across Reedsville, Pennsylvania
In Reedsville, located in Mifflin County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in Reedsville is $97,450. Property taxes are determined by applying the local tax rate to this assessed value. Factors such as property size, location, and market conditions influence the assessed value, which in turn impacts the tax bill. Homeowners in Reedsville typically see a range of tax bills, with the 25th percentile paying around $1,941 and the 75th percentile facing bills up to $3,774. At the 90th percentile, tax bills can reach $5,274. The highest median tax bill in the area is $2,716, found in the 17084 zip code. These property taxes fund essential public services such as schools, roads, and emergency services, directly affecting homeowners. Compared to the national median property tax rate of 0.99%, Reedsville's property tax rates reflect the local economic and market conditions, ensuring that residents contribute fairly to community needs.
Average Reedsville Tax Bill
$2,716
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reedsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17084 | $1,280 | $1,941 | $2,716 | $3,774 | $5,274 |
Source: Ownwell