Muncy Valley, Pennsylvania Property Taxes
The median property tax rate in Muncy Valley, PA is 1.19%, slightly higher than the national median of 0.99%, but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $135,240 in Muncy Valley, the typical annual property tax bill amounts to $1,559, which is below the national median of $2,690. Property taxes in Muncy Valley are calculated based on the assessed value, which is often less than the market value due to exemptions like those for primary residences and agricultural properties. Navigating Muncy Valley's property tax system, understanding the available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Muncy Valley or another part of Sullivan County, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Muncy Valley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.19%
Estimate Property Tax Bill
$1,609
Ownwell’s Muncy Valley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Muncy Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Muncy Valley 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 Muncy Valley, Pennsylvania
Property taxes in Muncy Valley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Muncy Valley is 1.19%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Muncy Valley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Muncy Valley 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 Muncy Valley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17758 has both the highest and lowest median property tax rate of 1.19%. Understanding how these areas compare with Muncy Valley provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Muncy Valley Tax Rate
1.19%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Muncy Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17758 | 1.12% | 1.12% | 1.19% | 1.19% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Muncy Valley, Pennsylvania
In Muncy Valley, 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 Sullivan County 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. 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. For instance, the highest median tax bill in Muncy Valley is $1,559 in zip code 17758, while the lowest is also $1,559 in the same zip code. 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 Muncy Valley, Pennsylvania
Source: Ownwell
$64,344
$227,052
$389,760
Average Muncy Valley Assessed Value
$135,240
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Muncy Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17758 | $43,310 | $76,356 | $135,240 | $223,524 | $323,568 |
Source: Ownwell
Property Tax Bills Across Muncy Valley, Pennsylvania
In Muncy Valley, located in Sullivan County, PA, property tax bills are calculated based on the assessed value of a home, which is derived from the market value. The tax rate, applied to this assessed value, determines the final tax bill. For instance, with a median home price of $135,240, homeowners can expect varying tax bills. At the 25th percentile, the tax bill is around $891, while at the 75th percentile, it rises to approximately $2,565. The 90th percentile sees tax bills reaching up to $3,643. These figures can significantly impact homeowners, influencing decisions on property purchases and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Muncy Valley can vary widely, affecting overall affordability. The highest and lowest median tax bills in the area both stand at $1,559, indicating a relatively consistent tax landscape within the region. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average Muncy Valley Tax Bill
$1,559
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Muncy Valley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17758 | $506 | $891 | $1,559 | $2,565 | $3,643 |
Source: Ownwell