Williamsport, Pennsylvania Property Taxes
The median property tax rate in Williamsport, PA is 1.16%, which is higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $168,840 in Williamsport, the typical annual property tax bill reaches $1,963, exceeding the national median of $2,690. Property taxes in Williamsport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Williamsport'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 Williamsport 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
Williamsport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.16%
Estimate Property Tax Bill
$1,959
Ownwell’s Williamsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Williamsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Williamsport 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 Williamsport, Pennsylvania
Property taxes in Williamsport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Williamsport is 1.16%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Williamsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Williamsport 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 Williamsport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17701 zip code has the highest median property tax rate of 1.16%, while the same zip code also has the lowest median tax rate of 1.16%. Understanding how these cities compare with Williamsport 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 Williamsport Tax Rate
1.16%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | 1.16% | 1.16% | 1.16% | 1.16% | 1.16% |
Source: Ownwell
Property Tax Assessment Values Across Williamsport, Pennsylvania
In Williamsport, 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 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 Williamsport, 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 Williamsport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $168,840, with tax bills ranging from $1,781 at the 25th percentile to $2,957 at the 90th percentile. The highest and lowest median tax bills are both $1,963, found in zip code 17701.
Property Tax Assessment Values Across Williamsport, Pennsylvania
Source: Ownwell
$64,344
$227,052
$389,760
Average Williamsport Assessed Value
$168,840
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 Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | $102,850 | $153,216 | $168,840 | $234,192 | $254,318 |
Source: Ownwell
Property Tax Bills Across Williamsport, Pennsylvania
In Williamsport, located in Sullivan County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value and applies an assessment ratio. This value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $168,840, homeowners can expect varying tax bills. The 25th percentile tax bill is around $1,781, while the 75th percentile tax bill is approximately $2,723. At the 90th percentile, the tax bill can reach up to $2,957. These figures illustrate the range of property tax burdens that homeowners in Williamsport may face. Compared to the national median property tax rate of 0.99%, Williamsport's property tax rates can significantly impact homeowners' finances. Understanding how these taxes are calculated helps homeowners budget accordingly and anticipate their annual expenses.
Average Williamsport Tax Bill
$1,963
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17701 | $1,196 | $1,781 | $1,963 | $2,723 | $2,957 |
Source: Ownwell