Canton, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Canton, PA is 2.70%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Canton, the typical annual property tax bill reaches $1,914, which exceeds the national median of $2,690. Property taxes in Canton are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Canton'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 Canton or another part of Tioga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canton, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$1,994
$1,850
Ownwell’s Canton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Canton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canton to estimate your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is the value assigned by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Canton, Tioga County, Pennsylvania
Property taxes in Canton, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Canton is 2.70%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Canton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canton 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 Canton's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17724 has both the highest and lowest median property tax rate of 2.70%. Understanding how these areas compare with Canton 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 Canton Tax Rate
2.70%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Canton, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17724 | 1.80% | 2.46% | 2.70% | 2.77% | 2.77% |
Source: Ownwell
Property Tax Assessment Values Across Canton, Tioga County, Pennsylvania
In Canton, 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 Tioga County Appraisal District 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 Canton, 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 Canton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17724 in Canton has both the highest and lowest median tax bill, which stands at $1914.
Property Tax Assessment Values Across Canton, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Canton Assessed Value
$73,840
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 Canton, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17724 | $26,694 | $44,725 | $73,840 | $123,895 | $192,702 |
Source: Ownwell
Property Tax Bills Across Canton, Tioga County, Pennsylvania
In Canton, located in Tioga County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Canton is $73,840. Homeowners in Canton can expect a wide range of property tax bills. The 25th percentile tax bill is around $1,162, indicating that a quarter of the homes have tax bills below this amount. On the higher end, the 75th percentile tax bill is $2,899, and the 90th percentile tax bill reaches $4,058. The highest and lowest median tax bills in the area are both $1,914, found in the 17724 zip code. Compared to the national median property tax rate of 0.99%, Canton homeowners face a relatively diverse range of tax bills. This variability affects homeowners differently, with some paying significantly more or less than others based on their property's assessed value and specific local tax rates.
Average Canton Tax Bill
$1,914
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Canton, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17724 | $703 | $1,162 | $1,914 | $2,899 | $4,058 |
Source: Ownwell