Woolrich, Pennsylvania Property Taxes
The median property tax rate in Woolrich, PA is 2.09%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Woolrich at $276,500, the typical annual property tax bill reaches $5,786, exceeding the national median of $2,690. Property taxes in Woolrich 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 Woolrich'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 Woolrich 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
Woolrich, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.09%
Estimate Property Tax Bill
$5,779
Ownwell’s Woolrich Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woolrich with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woolrich 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 Woolrich, Pennsylvania
Property taxes in Woolrich, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Woolrich is 2.09%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Woolrich set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woolrich 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 Woolrich's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17779 zip code has the highest median property tax rate of 2.09%, while the same zip code also has the lowest median tax rate of 2.09%. Understanding how these cities compare with Woolrich provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Woolrich Tax Rate
2.09%
Average Clinton County Tax Rate
2.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Woolrich, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17779 | 2.09% | 2.09% | 2.09% | 2.09% | 2.09% |
Source: Ownwell
Property Tax Assessment Values Across Woolrich, Pennsylvania
In Woolrich, 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 Clinton 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 Woolrich, 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 Woolrich helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5,786, found in the 17779 zip code.
Average Woolrich Assessed Value
$276,500
Average Clinton County Assessed Value
$57,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Woolrich, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17779 | $276,500 | $276,500 | $276,500 | $276,500 | $276,500 |
Source: Ownwell
Property Tax Bills Across Woolrich, Pennsylvania
In Woolrich, Clinton 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 a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Woolrich, the median home price is $276,500, and the median tax bill stands at $5,786. This figure is significantly higher than the national median property tax rate of 0.99%. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Homeowners in Woolrich face a relatively high property tax burden compared to national averages, which can impact their overall financial planning. Understanding these factors is crucial for homeowners, as it allows them to anticipate their tax obligations and manage their finances more effectively.
Average Woolrich Tax Bill
$5,786
Average Clinton County Tax Bill
$1,228
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Woolrich, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17779 | $5,786 | $5,786 | $5,786 | $5,786 | $5,786 |
Source: Ownwell