Little Meadows, Pennsylvania Property Taxes
The median property tax rate in Little Meadows, PA is 3.60%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Little Meadows at $32,200, the typical annual property tax bill reaches $1,103, exceeding the national median of $2,690. Property taxes in Little Meadows 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 Little Meadows' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Little Meadows 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
Little Meadows, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$1,159
Ownwell’s Little Meadows Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Little Meadows with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Little Meadows 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 Little Meadows, Pennsylvania
Property taxes in Little Meadows, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Little Meadows is 3.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Little Meadows set these rates annually, and they can vary significantly across different neighborhoods. Each year, Little Meadows 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 Little Meadows' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18830 has both the highest and lowest median property tax rate of 3.60%. Understanding how these cities compare with Little Meadows 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 Little Meadows Tax Rate
3.60%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Little Meadows, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18830 | 3.40% | 3.40% | 3.60% | 3.60% | 3.60% |
Source: Ownwell
Property Tax Assessment Values Across Little Meadows, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Little Meadows, Pennsylvania. 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 Assessor's 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 Little Meadows, 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 Little Meadows 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 both stand at $1,103, specifically in the 18830 zip code.
Property Tax Assessment Values Across Little Meadows, Pennsylvania
Source: Ownwell
$9,800
$47,900
$86,000
Average Little Meadows Assessed Value
$32,200
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 Little Meadows, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18830 | $10,400 | $17,400 | $32,200 | $50,000 | $77,040 |
Source: Ownwell
Property Tax Bills Across Little Meadows, Pennsylvania
In Little Meadows, property tax bills are determined based on the assessed value of a home, which is influenced by various factors including the property's size, location, and condition. The assessed value is then multiplied by the local tax rate set by Susquehanna County. For instance, with a median home price of $32,200, homeowners can expect varying tax bills. The 25th percentile tax bill is $611, while the 75th percentile tax bill reaches $1,746. At the 90th percentile, the tax bill can be as high as $2,623. These tax bills are crucial for homeowners as they directly impact annual expenses. Comparing this to the national median property tax rate of 0.99%, Little Meadows' property tax rates can represent a significant portion of a homeowner's budget, especially when considering the highest median tax bill in the area is $1,103. Understanding these factors helps homeowners better plan their finances and anticipate yearly costs associated with property ownership.
Average Little Meadows Tax Bill
$1,103
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Little Meadows, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18830 | $374 | $611 | $1,103 | $1,746 | $2,623 |
Source: Ownwell