South Williamsport, Pennsylvania Property Taxes
The median property tax rate in South Williamsport, PA is 3.03%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in South Williamsport at $32,000, the typical annual property tax bill reaches $855, which is below the national median of $2,690. Property taxes in South Williamsport 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 South Williamsport'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 South Williamsport 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
South Williamsport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.03%
Estimate Property Tax Bill
$970
Ownwell’s South Williamsport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Williamsport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Williamsport 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 South Williamsport, Pennsylvania
Property taxes in South Williamsport, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Williamsport is 3.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within South Williamsport set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Williamsport 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 South Williamsport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17702 zip code has the highest median property tax rate of 3.03%, while the same 17702 zip code also has the lowest median tax rate of 3.03%. Understanding how these cities compare with South Williamsport 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 South Williamsport Tax Rate
3.03%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17702 | 2.56% | 2.67% | 3.03% | 3.03% | 3.03% |
Source: Ownwell
Property Tax Assessment Values Across South Williamsport, Pennsylvania
Understanding the difference between "market value" and "assessed value" is essential for comprehending property taxes in South Williamsport, PA. The market value represents the price a willing buyer would pay a willing seller in an open 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 South Williamsport, 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. For example, the median home price in the area is $32,000, with tax bills ranging from $722 at the 25th percentile to $4,862 at the 90th percentile. The zip code 17702 has the highest and lowest median tax bill of $855. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Williamsport, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average South Williamsport Assessed Value
$32,000
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 South Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17702 | $15,720 | $24,245 | $32,000 | $97,290 | $160,296 |
Source: Ownwell
Property Tax Bills Across South Williamsport, Pennsylvania
In South Williamsport, located in Lycoming County, PA, property tax bills are determined by assessing the value of a property and applying the local tax rate to that assessed value. The assessed value is a percentage of the property's market value, which is determined by county assessors. For example, if the median home price is $32,000, the tax bill is calculated based on this assessed value. Several factors influence the tax bill, including the property's location, size, and any applicable exemptions or deductions. In South Williamsport, the property tax rate can vary, but the median tax bill is around $855, which is significantly lower than the national median property tax rate of 0.99%. Homeowners in South Williamsport can expect their tax bills to fall within a range, with the 25th percentile at $722 and the 75th percentile at $2,951. The highest tax bills, in the 90th percentile, can reach up to $4,862. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting community quality and property values.
Average South Williamsport Tax Bill
$855
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across South Williamsport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17702 | $448 | $722 | $855 | $2,951 | $4,862 |
Source: Ownwell