Jersey Mills, Pennsylvania Property Taxes
The median property tax rate in Jersey Mills, PA is 2.49%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jersey Mills, the typical annual property tax bill reaches $1,363, exceeding the national median of $2,690. Property taxes in Jersey Mills 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 Jersey Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Jersey Mills 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
Jersey Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.49%
Estimate Property Tax Bill
$1,364
-$14,299
Ownwell’s Jersey Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jersey Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jersey Mills 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 Jersey Mills, Pennsylvania
Property taxes in Jersey Mills, Pennsylvania, are essential for funding key local services, including public schools, road maintenance, and emergency services. The median tax rate in Jersey Mills is 2.49%, significantly higher than the U.S. national median of 0.99%. Local government entities in Jersey Mills set these rates annually, and they can vary considerably across different neighborhoods. Each year, Jersey Mills 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 Jersey Mills' effective property tax rate to other areas in Lycoming County and the national median. For comparison, the zip code 17739 has the highest median property tax rate of 2.49%, while the same zip code also has the lowest median tax rate of 2.49%. Understanding how these areas compare with Jersey Mills 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 Jersey Mills Tax Rate
2.49%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jersey Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17739 | 2.49% | 2.49% | 2.49% | 2.49% | 2.49% |
Source: Ownwell
Property Tax Assessment Values Across Jersey Mills, Pennsylvania
In Jersey Mills, 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 Jersey Mills, 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 Jersey Mills is $54,795, with the 25th percentile tax bill at $1,003 and the 75th percentile tax bill at $1,974. 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 Jersey Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Jersey Mills, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Jersey Mills Assessed Value
$54,795
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 Jersey Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17739 | $29,408 | $40,310 | $54,795 | $79,322 | $122,578 |
Source: Ownwell
Property Tax Bills Across Jersey Mills, Pennsylvania
In Jersey Mills, located in Lycoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The assessed value is then multiplied by the local property tax rate. For homeowners in Jersey Mills, the median home price stands at $54,795. Property tax bills can vary significantly, with the 25th percentile tax bill being $1,003 and the 75th percentile reaching $1,974. At the 90th percentile, tax bills can soar to $3,050, indicating a wide range of tax burdens depending on property values and specific assessments. Compared to the national median property tax rate of 0.99%, Jersey Mills homeowners experience varying tax rates that can result in different financial impacts. The highest and lowest median tax bills in the area are both recorded at $1,363 in the zip code 17739. This variability in tax bills underscores the importance of understanding local property tax assessments and how they affect homeowners' annual expenses.
Average Jersey Mills Tax Bill
$1,363
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jersey Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17739 | $732 | $1,003 | $1,363 | $1,974 | $3,050 |
Source: Ownwell