Mifflin, Pennsylvania Property Taxes
The median property tax rate in Mifflin, PA is 9.67%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mifflin being $14,140, the typical annual property tax bill reaches $1,407, exceeding the national median of $2,690. Property taxes in Mifflin 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 Mifflin'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 Mifflin 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
Mifflin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.67%
Estimate Property Tax Bill
$1,367
Ownwell’s Mifflin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mifflin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mifflin 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 Mifflin, Pennsylvania
Property taxes in Mifflin, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mifflin is 9.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mifflin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mifflin 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 Mifflin's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17058 zip code has the highest median property tax rate of 9.67%, while the 17058 zip code has the lowest median tax rate of 9.67%. Understanding how these cities compare with Mifflin provides valuable insights into the varying tax landscape across Juniata County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mifflin Tax Rate
9.67%
Average Juniata County Tax Rate
9.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mifflin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17058 | 9.49% | 9.59% | 9.67% | 10.66% | 10.66% |
Source: Ownwell
Property Tax Assessment Values Across Mifflin, Pennsylvania
In Mifflin, 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 Juniata 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 Mifflin, 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 Mifflin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mifflin is $1,407 in the 17058 zip code, while the lowest median tax bill is also $1,407 in the same zip code.
Average Mifflin Assessed Value
$14,140
Average Juniata County Assessed Value
$17,920
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mifflin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17058 | $4,229 | $6,510 | $14,140 | $24,740 | $34,668 |
Source: Ownwell
Property Tax Bills Across Mifflin, Pennsylvania
In Mifflin, located in Juniata County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $14,140, the tax bill can vary significantly. Homeowners at the 25th percentile typically pay around $668, while those at the 75th percentile face bills closer to $2,354. At the 90th percentile, the tax bill can reach up to $3,333. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Mifflin's rates can be particularly impactful on homeowners. Higher property tax bills can affect household budgets, influencing decisions on home improvements, savings, and overall financial planning. Understanding these factors can help homeowners better prepare for their annual property tax obligations.
Average Mifflin Tax Bill
$1,407
Average Juniata County Tax Bill
$1,779
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mifflin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17058 | $421 | $668 | $1,407 | $2,354 | $3,333 |
Source: Ownwell