Blossburg, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Blossburg, PA is 3.32%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Blossburg at $57,995, the typical annual property tax bill reaches $1,727, which is below the national median of $2,690. Property taxes in Blossburg 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 Blossburg'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 Blossburg 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
Blossburg, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.32%
Estimate Property Tax Bill
$1,925
$1,787
Ownwell’s Blossburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blossburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blossburg 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 Blossburg, Tioga County, Pennsylvania
Property taxes in Blossburg, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blossburg is 3.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Blossburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blossburg 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 Blossburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16912 zip code has the highest median property tax rate of 3.32%, while the same zip code also has the lowest median tax rate of 3.32%. Understanding how these areas compare with Blossburg provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Blossburg Tax Rate
3.32%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blossburg, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16912 | 2.62% | 2.68% | 3.32% | 3.32% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Blossburg, Tioga County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Blossburg, Pennsylvania. 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 Tioga 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 Blossburg, 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 Blossburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Blossburg is $1,727 in zip code 16912, while the lowest is also $1,727 in the same zip code.
Property Tax Assessment Values Across Blossburg, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Blossburg Assessed Value
$57,995
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Blossburg, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16912 | $21,680 | $37,265 | $57,995 | $78,345 | $105,755 |
Source: Ownwell
Property Tax Bills Across Blossburg, Tioga County, Pennsylvania
In Blossburg, property tax bills are calculated based on the assessed value of a home, which is determined by the Tioga County Assessor's Office. This assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate, or millage rate, is applied. The tax rate is set by local taxing authorities and can vary between different areas within the county. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Blossburg can expect their property tax bills to fall within a range, with the 25th percentile tax bill at $1,085 and the 75th percentile at $2,415. The 90th percentile sees tax bills as high as $3,222. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners to understand how their local rates and property values influence their annual tax obligations. This directly impacts the affordability and long-term financial planning for property owners in the area.
Average Blossburg Tax Bill
$1,727
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Blossburg, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16912 | $611 | $1,085 | $1,727 | $2,415 | $3,222 |
Source: Ownwell