Turbotville, Pennsylvania Property Taxes
The median property tax rate in Turbotville, PA is 1.98%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Turbotville at $110,700, the typical annual property tax bill reaches $2,232, slightly below the national median of $2,690. Property taxes in Turbotville 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 Turbotville'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 Turbotville 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
Turbotville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$2,192
Ownwell’s Turbotville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Turbotville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Turbotville 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 Turbotville, Pennsylvania
Property taxes in Turbotville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Turbotville is 1.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Turbotville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Turbotville 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 Turbotville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17772 zip code has both the highest and lowest median property tax rate of 1.98%. Understanding how these areas compare with Turbotville 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 Turbotville Tax Rate
1.98%
Average Montour County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Turbotville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17772 | 1.98% | 1.98% | 1.98% | 1.98% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Turbotville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Turbotville, PA. 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 local 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 Turbotville, 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 Turbotville is $110,700, with tax bills ranging from $1,758 at the 25th percentile to $3,653 at the 90th percentile. The highest and lowest median tax bills, both at $2,232, are found in the 17772 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Turbotville, Pennsylvania
Source: Ownwell
$29,600
$119,850
$210,100
Average Turbotville Assessed Value
$110,700
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 Turbotville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17772 | $49,980 | $88,300 | $110,700 | $149,400 | $184,640 |
Source: Ownwell
Property Tax Bills Across Turbotville, Pennsylvania
In Turbotville, Montour County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's size, location, and condition, as well as recent sales of comparable properties in the area. For homeowners in Turbotville, the median home price is $110,700. Property tax bills in the area vary, with the 25th percentile at $1,758 and the 75th percentile at $3,031. At the 90th percentile, tax bills can reach up to $3,653. These figures illustrate the range of property tax obligations homeowners might face, depending on their property's assessed value. Compared to the national median property tax rate of 0.99%, homeowners in Turbotville may find their tax bills to be relatively manageable, though they can still significantly impact household budgets.
Average Turbotville Tax Bill
$2,232
Average Montour County Tax Bill
$2,126
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Turbotville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17772 | $982 | $1,758 | $2,232 | $3,031 | $3,653 |
Source: Ownwell