Stevensville, Pennsylvania Property Taxes
The median property tax rate in Stevensville, PA is 3.31%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $65,487 in Stevensville, the typical annual property tax bill amounts to $1,839, surpassing the national median of $2,690. Property taxes in Stevensville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Stevensville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Stevensville or another part of Bradford County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Stevensville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$2,168
Ownwell’s Stevensville Property Tax Bill Calculator simplifies the process for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Stevensville using just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Stevensville to provide an estimated property tax bill. This valuable tool offers a clear understanding of your potential tax liabilities. For those interested in more localized trends, further information is available below. Your property’s assessed value is determined by the county for property tax purposes and includes any applicable exemptions.
Property Tax Rates Across Stevensville, Pennsylvania
Property taxes in Stevensville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Stevensville is 3.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Stevensville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Stevensville 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 Stevensville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18845 zip code has the highest median property tax rate of 3.31%, while the 18845 zip code also has the lowest median tax rate of 3.31%. Understanding how these cities compare with Stevensville 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 Stevensville Tax Rate
3.31%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Stevensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18845 | 1.96% | 2.73% | 3.31% | 3.31% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Stevensville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Stevensville, PA. 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 Stevensville, 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 Stevensville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bradford County is $1,839 in zip code 18845, while the lowest is also $1,839 in the same zip code.
Property Tax Assessment Values Across Stevensville, Pennsylvania
Source: Ownwell
$16,000
$54,241
$92,481
Average Stevensville Assessed Value
$65,487
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 Stevensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18845 | $14,487 | $38,700 | $65,487 | $91,850 | $140,476 |
Source: Ownwell
Property Tax Bills Across Stevensville, Pennsylvania
In Stevensville, 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 is intended to reflect the market value of the property. Homeowners in Stevensville pay property taxes that are influenced by various factors, including the property's location, size, and condition. The median home price in Stevensville is $65,487. For homeowners, the tax bill can vary significantly. For instance, those at the 25th percentile pay around $1,124, while those at the 75th percentile face tax bills of about $2,461. At the 90th percentile, the tax bill can reach up to $3,552. Comparatively, the highest and lowest median tax bills in the area are both $1,839, indicating a relatively uniform tax rate within this zip code. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, making it essential for homeowners to understand how their tax bills are determined and how they contribute to the community.
Average Stevensville Tax Bill
$1,839
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Stevensville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18845 | $328 | $1,124 | $1,839 | $2,461 | $3,552 |
Source: Ownwell