Mainesburg, Pennsylvania Property Taxes
The median property tax rate in Mainesburg, PA is 2.60%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mainesburg at $77,880, the typical annual property tax bill reaches $1,895, which is below the national median of $2,690. Property taxes in Mainesburg are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mainesburg'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 Mainesburg 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
Mainesburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.6%
Estimate Property Tax Bill
$2,025
Ownwell’s Mainesburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mainesburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mainesburg 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 Mainesburg, Pennsylvania
Property taxes in Mainesburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mainesburg is 2.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mainesburg set these rates annually, and they can vary across different neighborhoods. Each year, Mainesburg 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 Mainesburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16932 has the highest median property tax rate of 2.60%, while the same zip code also has the lowest median tax rate of 2.60%. Understanding how these areas compare with Mainesburg provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mainesburg Tax Rate
2.60%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mainesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16932 | 1.92% | 2.60% | 2.60% | 2.60% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Mainesburg, Pennsylvania
In Mainesburg, 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 Tioga 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 Mainesburg, 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 Mainesburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mainesburg is $1895.00 in the 16932 zip code, while the lowest median tax bill is also $1895.00 in the 16932 zip code.
Average Mainesburg Assessed Value
$77,880
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mainesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16932 | $28,050 | $51,995 | $77,880 | $118,500 | $164,090 |
Source: Ownwell
Property Tax Bills Across Mainesburg, Pennsylvania
In Mainesburg, located in Tioga 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 and reflects a percentage of the home's market value. Homeowners in Mainesburg experience a range of tax bills depending on their property's assessed value and the applicable tax rate. For instance, the median home price in Mainesburg is $77,880. Property tax bills in the area can vary significantly, with the 25th percentile tax bill at $1,266 and the 75th percentile reaching $2,808. At the 90th percentile, tax bills can go up to $3,791. The highest median tax bill recorded in the area is $1,895 in the 16932 zip code. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners need to be aware of these costs as they can significantly impact overall homeownership expenses, especially when compared to the national median property tax rate of 0.99%.
Average Mainesburg Tax Bill
$1,895
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mainesburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16932 | $706 | $1,266 | $1,895 | $2,808 | $3,791 |
Source: Ownwell