Nelson, Pennsylvania Property Taxes
The median property tax rate in Nelson, PA is 3.09%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nelson, the typical annual property tax bill reaches $1,889, exceeding the national median of $2,690. Property taxes in Nelson 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 Nelson'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 Nelson 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
Nelson, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.09%
Estimate Property Tax Bill
$1,886
Ownwell’s Nelson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nelson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nelson 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 Nelson, Pennsylvania
Property taxes in Nelson, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nelson is 3.09%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nelson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nelson 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 Nelson's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16940 zip code has the highest median property tax rate of 3.09%, while the 16940 zip code also has the lowest median tax rate of 3.09%. Understanding how these cities compare with Nelson 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 Nelson Tax Rate
3.09%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nelson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16940 | 3.09% | 3.09% | 3.09% | 3.09% | 3.09% |
Source: Ownwell
Property Tax Assessment Values Across Nelson, Pennsylvania
In Nelson, 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 Nelson, 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. For instance, the median home price in Nelson is $61,030, with tax bills ranging from $1,835 at the 25th percentile to $2,161 at the 75th percentile. The highest and lowest median tax bill in the area is $1,889, found in the 16940 zip code. Being aware of these valuation processes in Nelson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Nelson Assessed Value
$61,030
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 Nelson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16940 | $58,278 | $59,310 | $61,030 | $69,825 | $75,102 |
Source: Ownwell
Property Tax Bills Across Nelson, Pennsylvania
In Nelson, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is a percentage of the market value, determined by the local tax assessor. The tax rate, applied to this assessed value, determines the final tax bill. In Tioga County, the median home price is $61,030, leading to varying tax bills. Homeowners at the 25th percentile pay approximately $1,835, while those at the 75th percentile face bills around $2,161. At the 90th percentile, the tax bill can reach up to $2,324. Factors influencing these amounts include property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Nelson's property tax rates can be relatively high, impacting homeowners significantly. The highest and lowest median tax bills in the area are both $1,889, indicating a degree of consistency within the region. This system ensures that property taxes are fairly distributed, reflecting the value and characteristics of each property.
Average Nelson Tax Bill
$1,889
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nelson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16940 | $1,804 | $1,835 | $1,889 | $2,161 | $2,324 |
Source: Ownwell