Hughesville, Pennsylvania Property Taxes
The median property tax rate in Hughesville, PA is 2.28%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Hughesville, the typical annual property tax bill reaches $2,466, slightly below the national median of $2,690. Property taxes in Hughesville 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 Hughesville'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 Hughesville 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
Hughesville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$2,218
Ownwell’s Hughesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hughesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hughesville 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 Hughesville, Pennsylvania
Property taxes in Hughesville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hughesville is 2.28%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hughesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hughesville 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 Hughesville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17737 has both the highest and lowest median property tax rate of 2.28%. Understanding how these cities compare with Hughesville 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 Hughesville Tax Rate
2.28%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hughesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17737 | 2.28% | 2.28% | 2.28% | 2.74% | 2.74% |
Source: Ownwell
Property Tax Assessment Values Across Hughesville, Pennsylvania
In Hughesville, 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 Hughesville, 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. The median home price in Hughesville is $97,295. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Notably, the highest median tax bill in the area is $2,466 in zip code 17737. Being aware of these valuation processes in Hughesville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Hughesville, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Hughesville Assessed Value
$97,295
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 Hughesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17737 | $17,458 | $70,742 | $97,295 | $129,330 | $169,682 |
Source: Ownwell
Property Tax Bills Across Hughesville, Pennsylvania
In Hughesville, Lycoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is typically a percentage of the market value of the property. Once the assessed value is established, the local tax rate, or millage rate, is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made to it. For instance, homes in the 25th percentile of tax bills in Hughesville pay around $1,741, while those in the 75th percentile pay approximately $3,111. The highest median tax bill in the area is $2,466, which is consistent across all zip codes in the region. These property taxes significantly impact homeowners, as they are a recurring expense that must be budgeted for annually. Compared to the national median property tax rate of 0.99%, Hughesville's property tax rates can vary, affecting the overall affordability and financial planning for residents.
Average Hughesville Tax Bill
$2,466
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hughesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17737 | $400 | $1,741 | $2,466 | $3,111 | $4,008 |
Source: Ownwell