Elysburg, Pennsylvania Property Taxes
The median property tax rate in Elysburg, PA is 1.64%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Elysburg at $210,100, the typical annual property tax bill reaches $3,436, exceeding the national median of $2,690. Property taxes in Elysburg 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 Elysburg'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 Elysburg or another part of Montour County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Elysburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$3,446
Ownwell’s Elysburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Elysburg with just two key data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elysburg to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities, making it easier to plan your finances. For those interested in more granular data, you can explore neighborhood-level trends by scrolling down. Your property’s assessed value is determined by Montour County for tax purposes and considers any applicable exemptions.
Property Tax Rates Across Elysburg, Pennsylvania
Property taxes in Elysburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elysburg is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Elysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elysburg 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 Elysburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17824 zip code has the highest median property tax rate of 1.64%, while the 17824 zip code also has the lowest median tax rate of 1.64%. Understanding how these areas compare with Elysburg provides valuable insights into the varying tax landscape across Montour County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Elysburg Tax Rate
1.64%
Average Montour County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17824 | 1.64% | 1.64% | 1.64% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across Elysburg, Pennsylvania
In Elysburg, 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 Montour 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 Elysburg, 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 Elysburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17824 has the highest and lowest median tax bill at $3,436, significantly higher than the national median property tax rate of 0.99%.
Average Elysburg Assessed Value
$210,100
Average Montour County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Elysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17824 | $36,560 | $60,550 | $210,100 | $429,150 | $625,480 |
Source: Ownwell
Property Tax Bills Across Elysburg, Pennsylvania
In Elysburg, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate to that value. The median home price in Elysburg is $210,100, which is used as a baseline for these calculations. The assessed value is typically a percentage of the market value, determined by the local assessor's office. For homeowners, this means their property tax bill can vary significantly based on their home's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including the property's location within Montour County, any applicable exemptions, and the local tax rate. In Elysburg, property tax bills can range widely, with the 25th percentile at $990 and the 90th percentile reaching up to $10,230. This range highlights the variability and potential financial impact on homeowners. Compared to the national median property tax rate of 0.99%, Elysburg's rates reflect the local economic conditions and funding needs of the community.
Average Elysburg Tax Bill
$3,436
Average Montour County Tax Bill
$2,126
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17824 | $598 | $990 | $3,436 | $7,019 | $10,230 |
Source: Ownwell