Mount Union, Pennsylvania Property Taxes
The median property tax rate in Mount Union, PA is 2.92%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mount Union at $45,200, the typical annual property tax bill reaches $1,233, exceeding the national median of $2,690. Property taxes in Mount Union 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 Mount Union'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 Mount Union 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
Mount Union, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$1,320
Ownwell’s MOUNT UNION Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT UNION with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT UNION 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 Mount Union, Pennsylvania
Property taxes in Mount Union, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Union is 2.92%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Union set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Union 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 Mount Union's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17066 zip code has the highest median property tax rate of 2.92%, while the 17066 zip code also has the lowest median tax rate of 2.92%. Understanding how these cities compare with Mount Union provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mount Union Tax Rate
2.92%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | 2.21% | 2.92% | 2.92% | 2.92% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Mount Union, Pennsylvania
In Mount Union, 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 Mifflin 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 Mount Union, 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. The median home price in Mount Union is $45,200, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $697, while the 75th percentile reaches $1,948. The highest median tax bill in the area is $1,233, found in the 17066 zip code. 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 Mount Union, Pennsylvania
Source: Ownwell
$40,900
$86,800
$132,700
Average Mount Union Assessed Value
$45,200
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | $7,910 | $28,150 | $45,200 | $69,275 | $95,000 |
Source: Ownwell
Property Tax Bills Across Mount Union, Pennsylvania
In MOUNT UNION, located in Mifflin County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, a median home price in MOUNT UNION is $45,200, impacting the tax bill significantly. Homeowners in this area can expect a wide range of tax bills. At the 25th percentile, the tax bill is approximately $697, while at the 75th percentile, it jumps to around $1,948. For those at the 90th percentile, the tax bill can go as high as $2,674. These variations show how different properties can lead to significantly different tax obligations. Compared to the national median property tax rate of 0.99%, MOUNT UNION's property tax rates can be relatively high, affecting homeowners' annual expenses and potentially influencing their financial planning and property investment decisions.
Average Mount Union Tax Bill
$1,233
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Union, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17066 | $226 | $697 | $1,233 | $1,948 | $2,674 |
Source: Ownwell