Middleburg, Pennsylvania Property Taxes
The median property tax rate in Middleburg, PA is 2.49%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Middleburg, the typical annual property tax bill reaches $560, exceeding the national median of $2,690. Property taxes in Middleburg 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 Middleburg'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 Middleburg 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
Middleburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$506
Ownwell’s Middleburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Middleburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Middleburg 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 Middleburg, Pennsylvania
Property taxes in Middleburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Middleburg is 2.49%, significantly higher than the U.S. national median of 0.99%. Local government entities within Middleburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Middleburg 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 Middleburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the highest median property tax rate in Snyder County, which is also 2.49%, is found in the zip code 17842, while the lowest median tax rate of 2.49% is also in the same zip code. Understanding how these figures compare with Middleburg provides valuable insights into the varying tax landscape across Snyder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Middleburg Tax Rate
2.49%
Average Snyder County Tax Rate
2.51%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Middleburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17842 | 2.36% | 2.40% | 2.49% | 2.84% | 5.38% |
Source: Ownwell
Property Tax Assessment Values Across Middleburg, Pennsylvania
In Middleburg, 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 Snyder 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. Assessment notices in Middleburg 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 Middleburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Middleburg is $20,310, with tax bills ranging from $339 at the 25th percentile to $1,029 at the 90th percentile. The zip code 17842 has the highest and lowest median tax bill, both at $560.
Average Middleburg Assessed Value
$20,310
Average Snyder County Assessed Value
$20,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Middleburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17842 | $7,152 | $11,700 | $20,310 | $28,680 | $35,740 |
Source: Ownwell
Property Tax Bills Across Middleburg, Pennsylvania
In Middleburg, property tax bills are calculated based on the assessed value of the property, which is determined by local assessors. The median home price in this area is $20,310. Property taxes are derived by applying the local tax rate to the assessed value of the property. For instance, if a home is assessed at the median price, the tax bill can vary significantly. At the 25th percentile, homeowners can expect to pay around $339, while those in the 75th percentile might see bills closer to $783. The highest tax bills in the 90th percentile can reach up to $1,029. These variations in tax bills are influenced by factors such as property location within the county, property size, and any applicable exemptions. For homeowners, understanding these factors is crucial as they directly impact annual financial obligations. Compared to the national median property tax rate of 0.99%, Middleburg's tax rates reflect the local economic conditions and property values, affecting how much residents pay annually.
Average Middleburg Tax Bill
$560
Average Snyder County Tax Bill
$582
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Middleburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17842 | $194 | $339 | $560 | $783 | $1,029 |
Source: Ownwell