Elkland, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Elkland, PA is 3.29%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Elkland at $48,110, the typical annual property tax bill reaches $1,585, exceeding the national median of $2,690. Property taxes in Elkland 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 Elkland'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 Elkland 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
Elkland, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.29%
Estimate Property Tax Bill
$1,583
$1,469
Ownwell’s Elkland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elkland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elkland 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 Elkland, Tioga County, Pennsylvania
Property taxes in Elkland, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elkland 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 Elkland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elkland 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 Elkland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16920 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 cities compare with Elkland 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 Elkland Tax Rate
3.29%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elkland, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16920 | 3.09% | 3.29% | 3.29% | 3.29% | 3.29% |
Source: Ownwell
Property Tax Assessment Values Across Elkland, Tioga County, Pennsylvania
In Elkland, 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 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 Elkland, 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 Elkland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Elkland is $1,585, with the highest and lowest tax bills both found in the 16920 zip code.
Property Tax Assessment Values Across Elkland, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Elkland Assessed Value
$48,110
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 Elkland, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16920 | $16,394 | $34,895 | $48,110 | $71,718 | $99,394 |
Source: Ownwell
Property Tax Bills Across Elkland, Tioga County, Pennsylvania
In Elkland, Tioga County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Elkland is $48,110. To determine the tax bill, the assessed value is multiplied by the local property tax rate. The tax rate in Tioga County can lead to significant variations in tax bills. For instance, the 25th percentile tax bill is $1,150, while the 75th percentile tax bill reaches $2,343. At the 90th percentile, homeowners may face tax bills as high as $3,097. This variability highlights the importance of accurate property assessments and the impact of local tax rates. Homeowners in Elkland experience property tax bills that can be considerably higher than the national median property tax rate of 0.99%. For instance, the highest median tax bill in the area is $1,585, which is considerably higher than the national average. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Elkland Tax Bill
$1,585
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elkland, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16920 | $513 | $1,150 | $1,585 | $2,343 | $3,097 |
Source: Ownwell