Great Bend, Pennsylvania Property Taxes
The median property tax rate in Great Bend, PA is 3.84%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Great Bend, the typical annual property tax bill reaches $650, which is significantly lower than the national median of $2,690. Property taxes in Great Bend 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 Great Bend'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 Great Bend 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
Great Bend, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.84%
Estimate Property Tax Bill
$707
Ownwell’s GREAT BEND Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in GREAT BEND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in GREAT BEND 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 Great Bend, Pennsylvania
Property taxes in Great Bend, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Great Bend is 3.84%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Great Bend set these rates annually, and they can vary significantly across different neighborhoods. Each year, Great Bend 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 Great Bend's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18821 has the highest median property tax rate of 3.84%, while the lowest median tax rate is also 3.84%. Understanding how these cities compare with Great Bend provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Great Bend Tax Rate
3.84%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Great Bend, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18821 | 3.40% | 3.40% | 3.84% | 3.84% | 3.84% |
Source: Ownwell
Property Tax Assessment Values Across Great Bend, Pennsylvania
In Great Bend, 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 Susquehanna 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 Great Bend, 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 Great Bend helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $650 in the 18821 zip code, reflecting the local property values and tax rates.
Average Great Bend Assessed Value
$18,400
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Great Bend, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18821 | $7,400 | $9,000 | $18,400 | $33,100 | $53,300 |
Source: Ownwell
Property Tax Bills Across Great Bend, Pennsylvania
In Great Bend, Susquehanna 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 and reflects a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, the median home price in Great Bend is $18,400. Homeowners in this area can expect tax bills to vary significantly. The 25th percentile tax bill is around $324, while the 75th percentile reaches $1,190, and the 90th percentile can be as high as $1,942. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the community's quality of life. Comparatively, the national median property tax rate is 0.99%, making Great Bend's property taxes relatively manageable for homeowners.
Average Great Bend Tax Bill
$650
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Great Bend, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18821 | $280 | $324 | $650 | $1,190 | $1,942 |
Source: Ownwell