Hillsgrove, Pennsylvania Property Taxes
The median property tax rate in Hillsgrove, PA is 2.45%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hillsgrove, the typical annual property tax bill reaches $2,318, slightly below the national median of $2,690. Property taxes in Hillsgrove 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 Hillsgrove'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 Hillsgrove 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
Hillsgrove, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$2,315
Ownwell’s Hillsgrove Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Hillsgrove quickly and accurately. By simply entering your property's estimated assessed value, the calculator applies the median tax rate in Hillsgrove to provide an estimate of your property tax bill. This valuable tool helps you understand your potential tax liabilities with ease. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Hillsgrove, Pennsylvania
Property taxes in Hillsgrove, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hillsgrove is 2.45%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hillsgrove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hillsgrove 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 Hillsgrove's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18619 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Hillsgrove provides valuable insights into the varying tax landscape across Lycoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Hillsgrove Tax Rate
2.45%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hillsgrove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18619 | 2.45% | 2.45% | 2.45% | 2.45% | 2.45% |
Source: Ownwell
Property Tax Assessment Values Across Hillsgrove, Pennsylvania
In Hillsgrove, 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 Lycoming 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 Hillsgrove, 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 Hillsgrove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hillsgrove is $94,500, with the highest median tax bill of $2,318 found in the 18619 zip code.
Average Hillsgrove Assessed Value
$94,500
Average Lycoming County Assessed Value
$87,660
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Hillsgrove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18619 | $94,500 | $94,500 | $94,500 | $94,500 | $94,500 |
Source: Ownwell
Property Tax Bills Across Hillsgrove, Pennsylvania
In Hillsgrove, Lycoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The median home price in Hillsgrove is $94,500, and the property tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Hillsgrove experience a median tax bill of $2,318, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For example, the tax bill for the 25th, 75th, and 90th percentiles all stand at $2,318, indicating a consistent tax rate across different property values. This consistency can affect homeowners by providing predictability in their annual financial planning but also highlights the relatively high property tax burden in this area. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Hillsgrove Tax Bill
$2,318
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hillsgrove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18619 | $2,318 | $2,318 | $2,318 | $2,318 | $2,318 |
Source: Ownwell