Ulysses, Pennsylvania Property Taxes
The median property tax rate in Ulysses, PA is 6.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ulysses at $15,080, the typical annual property tax bill reaches $959, which is notably lower than the national median of $2,690. Property taxes in Ulysses 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 Ulysses'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 Ulysses 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
Ulysses, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.32%
Estimate Property Tax Bill
$953
Ownwell’s Ulysses Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ulysses with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ulysses 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 Ulysses, Pennsylvania
Property taxes in Ulysses, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ulysses is 6.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ulysses set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulysses 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 Ulysses's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16948 zip code has the highest median property tax rate of 6.32%, while the 16948 zip code also has the lowest median tax rate of 6.32%. Understanding how these cities compare with Ulysses 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 Ulysses Tax Rate
6.32%
Average Potter County Tax Rate
6.53%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulysses, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16948 | 4.99% | 6.32% | 6.32% | 6.32% | 6.32% |
Source: Ownwell
Property Tax Assessment Values Across Ulysses, Pennsylvania
In Ulysses, 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 Ulysses, 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 Ulysses 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 is 16948, with a median tax bill of $959.
Average Ulysses Assessed Value
$15,080
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 Ulysses, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16948 | $5,480 | $9,240 | $15,080 | $25,400 | $37,284 |
Source: Ownwell
Property Tax Bills Across Ulysses, Pennsylvania
In Ulysses, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Ulysses, the median home price stands at $15,080. The tax bills can vary significantly, with the 25th percentile tax bill at $583 and the 75th percentile reaching $1,371. At the 90th percentile, homeowners can expect to pay around $1,996 annually. Factors influencing these tax bills include the home's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, Ulysses homeowners experience varying tax burdens based on their property's value and location within Potter County. For instance, the highest median tax bill in the area is $959 in the 16948 zip code, reflecting the diverse range of property values and tax rates within the region. This variability can significantly impact household budgets, making it essential for homeowners to understand their assessed values and potential tax liabilities.
Average Ulysses Tax Bill
$959
Average Potter County Tax Bill
$970
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulysses, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16948 | $307 | $583 | $959 | $1,371 | $1,996 |
Source: Ownwell