Columbia Cross Roads, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Columbia Cross Roads, PA is 2.28%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Columbia Cross Roads, the typical annual property tax bill reaches $2,059, which is below the national median of $2,690. Property taxes in Columbia Cross Roads 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 Columbia Cross Roads' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Columbia Cross Roads 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
Columbia Cross Roads, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.28%
Estimate Property Tax Bill
$2,208
$2,049
Ownwell’s Columbia Cross Roads Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Columbia Cross Roads with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Columbia Cross Roads 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 Columbia Cross Roads, Tioga County, Pennsylvania
Property taxes in Columbia Cross Roads, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Columbia Cross Roads is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Columbia Cross Roads set these rates annually, and they can vary significantly across different neighborhoods. Each year, Columbia Cross Roads 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 Columbia Cross Roads' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16914 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these areas compare with Columbia Cross Roads provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Columbia Cross Roads, Tioga County, Pennsylvania
Source: Ownwell
2.28%
2.80%
3.32%
Average Columbia Cross Roads Tax Rate
2.28%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Columbia Cross Roads, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16914 | 2.05% | 2.15% | 2.28% | 2.60% | 2.60% |
Source: Ownwell
Property Tax Assessment Values Across Columbia Cross Roads, Tioga County, Pennsylvania
In Columbia Cross Roads, 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 Columbia Cross Roads, 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 Columbia Cross Roads helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 16914, both at $2,059.
Property Tax Assessment Values Across Columbia Cross Roads, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Columbia Cross Roads Assessed Value
$96,825
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 Columbia Cross Roads, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16914 | $39,447 | $67,068 | $96,825 | $152,905 | $193,199 |
Source: Ownwell
Property Tax Bills Across Columbia Cross Roads, Tioga County, Pennsylvania
Property tax bills in Columbia Cross Roads, Tioga County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county, reflecting a percentage of the property's market value. The local tax rate, expressed as a millage rate, is then applied to this assessed value. Homeowners in Columbia Cross Roads see tax bills that can vary significantly. For instance, the 25th percentile tax bill is around $1,692, while the 75th percentile reaches $3,166, and the 90th percentile goes up to $3,891. These figures indicate the range of what homeowners might expect to pay annually. The median home price in the area is $96,825, which is relatively modest compared to national figures. However, with a median tax bill of $2,059, the property tax rate in Columbia Cross Roads is higher than the national median rate of 0.99%, impacting homeowners by requiring a higher proportion of their property value in taxes.
Property Tax Bills Across Columbia Cross Roads, Tioga County, Pennsylvania
Source: Ownwell
$1,172
$1,796
$2,420
Average Columbia Cross Roads Tax Bill
$2,059
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Columbia Cross Roads, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16914 | $1,662 | $1,692 | $2,059 | $3,166 | $3,891 |
Source: Ownwell