Watsontown, Pennsylvania Property Taxes
The median property tax rate in Watsontown, PA is 2.08%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Watsontown at $172,700, the typical annual property tax bill reaches $3,585, exceeding the national median of $2,690. Property taxes in Watsontown 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 Watsontown'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 Watsontown or another part of Montour County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Watsontown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$3,592
Ownwell’s Watsontown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Watsontown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Watsontown 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 Watsontown, Pennsylvania
Property taxes in Watsontown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Watsontown is 2.08%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Watsontown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Watsontown 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 Watsontown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17777 zip code has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Watsontown 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 Watsontown Tax Rate
2.08%
Average Montour County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Watsontown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17777 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Watsontown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Watsontown, 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 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 Watsontown, 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Watsontown is $3,585 in the zip code 17777.
Property Tax Assessment Values Across Watsontown, Pennsylvania
Source: Ownwell
$29,600
$119,850
$210,100
Average Watsontown Assessed Value
$172,700
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 Watsontown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17777 | $115,680 | $134,850 | $172,700 | $220,600 | $238,540 |
Source: Ownwell
Property Tax Bills Across Watsontown, Pennsylvania
In Watsontown, Montour County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the assessed value, including the property's market value, location, and any improvements made to the property. Homeowners in Watsontown can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is around $2,800, while at the 75th percentile, it rises to approximately $4,580. Those at the 90th percentile might see tax bills as high as $4,952. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the local market conditions and tax policies. High property taxes can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Watsontown Tax Bill
$3,585
Average Montour County Tax Bill
$2,126
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Watsontown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17777 | $2,402 | $2,800 | $3,585 | $4,580 | $4,952 |
Source: Ownwell