Coudersport, Pennsylvania Property Taxes
The median property tax rate in Coudersport, PA is 6.45%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Coudersport at $15,700, the typical annual property tax bill reaches $983, which is lower than the national median of $2,690. Property taxes in Coudersport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Coudersport'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 Coudersport 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
Coudersport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.45%
Estimate Property Tax Bill
$1,013
Ownwell’s Coudersport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coudersport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coudersport 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 Coudersport, Pennsylvania
Property taxes in Coudersport, PA, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Coudersport is 6.45%, significantly higher than the U.S. national median of 0.99%. Local government entities in Coudersport set these rates annually, and they can vary across different neighborhoods. Each year, Coudersport 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 Coudersport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16915 has the highest median property tax rate of 6.45%, while the same zip code also has the lowest median tax rate of 6.45%. Understanding how these cities compare with Coudersport provides valuable insights into the varying tax landscape across Potter County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coudersport Tax Rate
6.45%
Average Potter County Tax Rate
6.53%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coudersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16915 | 5.87% | 6.33% | 6.45% | 8.36% | 8.36% |
Source: Ownwell
Property Tax Assessment Values Across Coudersport, Pennsylvania
In Coudersport, 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 Potter 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 Coudersport, 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 Coudersport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $983 in the 16915 zip code, while the lowest is also $983 in the same zip code.
Average Coudersport Assessed Value
$15,700
Average Potter County Assessed Value
$13,240
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coudersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16915 | $5,040 | $9,000 | $15,700 | $25,730 | $40,232 |
Source: Ownwell
Property Tax Bills Across Coudersport, Pennsylvania
In Coudersport, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local assessor's office and reflects a percentage of the property's market value. Homeowners in Coudersport can expect their property tax bills to vary significantly depending on their home's assessed value and the local tax rate. For instance, the median home price in Coudersport is $15,700. Property tax bills in the area can range widely; the 25th percentile tax bill is $579, while the 75th percentile tax bill reaches $1,565. At the 90th percentile, homeowners might see bills as high as $2,269. These variations highlight the importance of the assessed value and the local tax rate in determining the final tax bill. Comparatively, the highest and lowest median tax bills in the region are both $983.00, indicating a certain level of consistency in tax rates within the area. Understanding these factors helps homeowners anticipate their property tax obligations and manage their finances accordingly.
Average Coudersport Tax Bill
$983
Average Potter County Tax Bill
$970
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coudersport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16915 | $345 | $579 | $983 | $1,565 | $2,269 |
Source: Ownwell