Mildred, Pennsylvania Property Taxes
The median property tax rate in Mildred, PA is 1.28%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $68,376 in Mildred, the typical annual property tax bill reaches $875, which is below the national median of $2,690. Property taxes in Mildred 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 Mildred'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 Mildred 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
Mildred, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$875
Ownwell’s Mildred Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mildred with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mildred 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 Mildred, Pennsylvania
Property taxes in Mildred, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mildred is 1.28%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mildred set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mildred 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 Mildred's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18632 zip code has the highest median property tax rate of 1.28%, while the 18632 zip code also has the lowest median tax rate of 1.28%. Understanding how these cities compare with Mildred provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mildred Tax Rate
1.28%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mildred, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18632 | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
Source: Ownwell
Property Tax Assessment Values Across Mildred, Pennsylvania
In Mildred, 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 Sullivan 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. 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 Mildred helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mildred, the highest median tax bill is $875 in the 18632 zip code, while the lowest is also $875 in the same zip code, reflecting a consistent tax rate across the area.
Average Mildred Assessed Value
$68,376
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mildred, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18632 | $36,288 | $55,356 | $68,376 | $93,996 | $130,536 |
Source: Ownwell
Property Tax Bills Across Mildred, Pennsylvania
In the city of Mildred, located in Sullivan County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is a percentage of the market value, which is determined by local government assessors. The tax rate is then applied to this assessed value to determine the annual property tax bill. For homeowners in Mildred, the median home price stands at $68,376. Property tax bills can vary significantly, with the 25th percentile at $708 and the 75th percentile reaching $1,203. At the 90th percentile, homeowners might see tax bills as high as $1,670. The highest median tax bill in the area is $875, and interestingly, the lowest median tax bill is also $875, indicating a consistent rate within the city. Compared to the national median property tax rate of 0.99%, Mildred’s property tax rates are relatively moderate, impacting homeowners by providing predictable annual expenses tied to their property values.
Average Mildred Tax Bill
$875
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mildred, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18632 | $464 | $708 | $875 | $1,203 | $1,670 |
Source: Ownwell