Roaring Branch, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Roaring Branch, 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 Roaring Branch at $86,425, the typical annual property tax bill reaches $2,057, exceeding the national median of $2,690. Property taxes in Roaring Branch 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 Roaring Branch'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 Roaring Branch 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
Roaring Branch, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$2,333
$2,165
Ownwell’s Roaring Branch Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Roaring Branch with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Roaring Branch 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 Roaring Branch, Tioga County, Pennsylvania
Property taxes in Roaring Branch, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Roaring Branch is 2.70%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Roaring Branch set these rates annually, and they can vary significantly across different neighborhoods. Each year, Roaring Branch 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 Roaring Branch's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17765 zip code has the highest median property tax rate of 2.70%, while the same zip code also has the lowest median tax rate of 2.70%. Understanding how these areas compare with Roaring Branch 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 Roaring Branch 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 Roaring Branch, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | 1.75% | 2.28% | 2.70% | 2.70% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Roaring Branch, Tioga County, Pennsylvania
In Roaring Branch, 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 Roaring Branch, 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 Roaring Branch helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,057, found in the 17765 zip code.
Property Tax Assessment Values Across Roaring Branch, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Roaring Branch Assessed Value
$86,425
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 Roaring Branch, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | $26,567 | $53,235 | $86,425 | $136,468 | $184,494 |
Source: Ownwell
Property Tax Bills Across Roaring Branch, Tioga County, Pennsylvania
In Roaring Branch, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value, reflecting the home's worth in the current real estate market. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any improvements made. For instance, in Tioga County, where Roaring Branch is situated, the median home price is $86,425. Homeowners in the 25th percentile can expect a tax bill around $1,298, while those in the 75th percentile might see a bill closer to $2,965. The 90th percentile tax bill can go up to $4,074. These figures highlight the variability in tax bills based on property values and local tax rates. Compared to the national median property tax rate of 0.99%, Roaring Branch's rates can significantly impact homeowners, potentially affecting their overall financial planning and budgeting.
Property Tax Bills Across Roaring Branch, Tioga County, Pennsylvania
Source: Ownwell
$1,172
$1,796
$2,420
Average Roaring Branch Tax Bill
$2,057
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Roaring Branch, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17765 | $692 | $1,298 | $2,057 | $2,965 | $4,074 |
Source: Ownwell