Little Meadows, Pennsylvania Property Taxes
The median property tax rate in Little Meadows, PA is 2.43%, considerably 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 $92,481, the typical annual property tax bill reaches $2,080, which is below 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
2.43%
Estimate Property Tax Bill
$2,247
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 2.43%, 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 areas in Bradford County and the national median. For comparison, the 18830 zip code has both the highest and lowest median property tax rate of 2.43%. Understanding how these cities compare with Little Meadows provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Little Meadows Tax Rate
2.43%
Average Bradford County Tax Rate
3.22%
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 | 1.29% | 2.04% | 2.43% | 2.82% | 2.82% |
Source: Ownwell
Property Tax Assessment Values Across Little Meadows, Pennsylvania
In Little Meadows, 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 Bradford 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 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. The median home price in Little Meadows is $92,481. The highest and lowest median tax bills are both $2,080, found in the zip code 18830. 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.
Property Tax Assessment Values Across Little Meadows, Pennsylvania
Source: Ownwell
$16,000
$54,241
$92,481
Average Little Meadows Assessed Value
$92,481
Average Bradford County Assessed Value
$61,590
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 | $61,205 | $64,599 | $92,481 | $129,300 | $168,797 |
Source: Ownwell
Property Tax Bills Across Little Meadows, Pennsylvania
In Little Meadows, located in Bradford 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 represents a percentage of the property's market value. The local tax rate is applied to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. In Little Meadows, the median home price is $92,481, leading to varying tax bills. For instance, the 25th percentile tax bill is $1,711, while the 75th percentile reaches $3,002, and the 90th percentile can go up to $3,536. These tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Little Meadows' tax burdens reflect the local economic conditions and property values, making it crucial for homeowners to stay informed and proactive about their property assessments and potential appeals.
Average Little Meadows Tax Bill
$2,080
Average Bradford County Tax Bill
$1,935
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 | $1,165 | $1,711 | $2,080 | $3,002 | $3,536 |
Source: Ownwell