Danville, Pennsylvania Property Taxes
The median property tax rate in Danville, PA is 1.78%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Danville, the typical annual property tax bill reaches $2,099, exceeding the national median of $2,690. Property taxes in Danville 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 Danville'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 Danville 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
Danville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.78%
Estimate Property Tax Bill
$1,878
Ownwell’s Danville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Danville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Danville 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 Danville, Pennsylvania
Property taxes in Danville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Danville is 1.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Danville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Danville 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 Danville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17821 has the highest median property tax rate of 1.78%, while the lowest median tax rate is also 1.78%. Understanding how these cities compare with Danville provides valuable insights into the varying tax landscape across Montour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Danville Tax Rate
1.78%
Average Montour County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | 1.67% | 1.70% | 1.78% | 2.44% | 2.44% |
Source: Ownwell
Property Tax Assessment Values Across Danville, Pennsylvania
In Danville, 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 Montour 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 Danville, 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 Danville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Danville is 17821, with a median tax bill of $2,099.
Average Danville Assessed Value
$105,500
Average Montour County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | $47,170 | $75,600 | $105,500 | $158,300 | $239,360 |
Source: Ownwell
Property Tax Bills Across Danville, Pennsylvania
In Danville, Montour County, 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 assessment office, which evaluates properties periodically to reflect current market conditions. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition. In Danville, the median home price stands at $105,500. Homeowners in this area experience varying tax bills, with the 25th percentile at $1,573 and the 75th percentile reaching $2,886. For those in the 90th percentile, tax bills can climb as high as $4,257. These tax bills can significantly impact homeowners, influencing decisions on property investments and financial planning. Compared to the national median property tax rate of 0.99%, Danville homeowners face a unique set of financial considerations, highlighting the importance of understanding local property tax dynamics.
Average Danville Tax Bill
$2,099
Average Montour County Tax Bill
$2,126
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Danville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17821 | $966 | $1,573 | $2,099 | $2,886 | $4,257 |
Source: Ownwell