Millerton, Pennsylvania Property Taxes
The median property tax rate in Millerton, PA is 3.19%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Millerton, the typical annual property tax bill reaches $1,325, which is below the national median of $2,690. Property taxes in Millerton 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 Millerton'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 Millerton 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
Millerton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.19%
Estimate Property Tax Bill
$1,410
Ownwell’s Millerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millerton 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 Millerton, Pennsylvania
Property taxes in Millerton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Millerton is 3.19%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Millerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millerton 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 Millerton's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16936 zip code has the highest median property tax rate of 3.19%, while the same zip code also has the lowest median tax rate of 3.19%. Understanding how these areas compare with Millerton 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 Millerton Tax Rate
3.19%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16936 | 2.10% | 2.72% | 3.19% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Millerton, Pennsylvania
In Millerton, 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 Millerton, 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 Millerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Millerton is $1,325, both found in the zip code 16936. Additionally, the median home price is $44,212, with tax bills ranging from $675 at the 25th percentile to $2,961 at the 90th percentile.
Average Millerton Assessed Value
$44,212
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 Millerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16936 | $9,690 | $22,944 | $44,212 | $67,870 | $118,137 |
Source: Ownwell
Property Tax Bills Across Millerton, Pennsylvania
Property tax bills in Millerton, PA, are calculated based on the assessed value of a property, which is determined by the Bradford County tax assessor. This assessed value is then multiplied by the local tax rate to generate the annual property tax bill. For homeowners in Millerton, the median home price is $44,212, which offers a glimpse into the typical property value in the area. Tax bills can vary significantly, ranging from the 25th percentile at $675 to the 75th percentile at $1,947, with the 90th percentile reaching up to $2,961. These variations can be attributed to differences in property values and specific neighborhood tax rates. Homeowners in the zip code 16936 experience a median tax bill of $1,325, which is relatively moderate compared to the national median property tax rate of 0.99%. Understanding these factors can help homeowners budget for their annual property taxes and anticipate any potential increases based on property reassessments or changes in local tax rates.
Average Millerton Tax Bill
$1,325
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Millerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16936 | $309 | $675 | $1,325 | $1,947 | $2,961 |
Source: Ownwell