Ulster, Pennsylvania Property Taxes
The median property tax rate in Ulster, PA is 3.04%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ulster at $72,954, the typical annual property tax bill reaches $2,097, which is below the national median of $2,690. Property taxes in Ulster 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 Ulster'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 Ulster 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
Ulster, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.04%
Estimate Property Tax Bill
$2,218
Ownwell’s Ulster Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Ulster with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Ulster to provide an accurate estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in more granular details, you can scroll down to find localized information on neighborhood trends. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Ulster, Pennsylvania
Property taxes in Ulster, PA, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Ulster is 2.10%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Ulster set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ulster 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 Ulster's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18850 zip code has the highest median property tax rate of 2.10%, while the same zip code also has the lowest median tax rate of 2.10%. Understanding how these cities compare with Ulster 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 Ulster Tax Rate
3.04%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ulster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18850 | 1.82% | 2.51% | 3.04% | 3.44% | 3.45% |
Source: Ownwell
Property Tax Assessment Values Across Ulster, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Ulster, Pennsylvania. The market value represents the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as 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 Ulster, 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. For example, the highest median tax bill in Ulster is $2,097 in zip code 18850, while the lowest median tax bill is also $2,097 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Ulster Assessed Value
$72,954
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 Ulster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18850 | $31,036 | $48,299 | $72,954 | $107,575 | $164,966 |
Source: Ownwell
Property Tax Bills Across Ulster, Pennsylvania
In Ulster, PA, property tax bills are calculated based on the assessed value of a home. The local tax rate is applied to this value to determine the annual tax bill. For instance, with a median home price of $72,954, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied by the local authorities. Several factors influence the tax bill, including property size, location, and any applicable exemptions or deductions. In this region, tax bills range significantly, with the 25th percentile at $1,407, the 75th percentile at $2,864, and the 90th percentile reaching up to $4,173. These property taxes impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Ulster's rates can be higher or lower depending on individual circumstances, making it essential for homeowners to understand their specific tax liabilities and how they are calculated.
Average Ulster Tax Bill
$2,097
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ulster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18850 | $913 | $1,407 | $2,097 | $2,864 | $4,173 |
Source: Ownwell