Tioga, Tioga County, Pennsylvania Property Taxes
The median property tax rate in Tioga, PA is 2.98%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tioga, the typical annual property tax bill reaches $1,886, exceeding the national median of $2,690. Property taxes in Tioga 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 Tioga'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 Tioga 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
Tioga, Tioga County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.98%
Estimate Property Tax Bill
$1,920
$1,781
Ownwell’s Tioga Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tioga with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tioga 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 Tioga, Tioga County, Pennsylvania
Property taxes in Tioga, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tioga is 2.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tioga set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tioga 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 Tioga's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16946 zip code has both the highest and lowest median property tax rate of 2.98%. Understanding how these areas compare with Tioga 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 Tioga Tax Rate
2.98%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tioga, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16946 | 2.58% | 2.96% | 2.98% | 3.14% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Tioga, Tioga County, Pennsylvania
In Tioga, PA, 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 local appraisal authorities 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 Tioga, 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 Tioga helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Tioga is $1886 in the 16946 zip code, while the lowest is also $1886 in the same zip code.
Property Tax Assessment Values Across Tioga, Tioga County, Pennsylvania
Source: Ownwell
$46,590
$71,708
$96,825
Average Tioga Assessed Value
$64,420
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 Tioga, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16946 | $13,790 | $36,750 | $64,420 | $94,980 | $141,204 |
Source: Ownwell
Property Tax Bills Across Tioga, Tioga County, Pennsylvania
In Tioga, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors influence the assessed value, including the property's market value, improvements, and any local exemptions or abatements that may apply. For homeowners in Tioga, understanding these calculations is crucial as property taxes can significantly impact their finances. The median home price in Tioga is $64,420, and property tax bills can vary widely. For example, the 25th percentile tax bill is $1,079, while the 75th percentile tax bill reaches $2,702, and the 90th percentile tax bill is as high as $3,865. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Tioga may find their tax bills to be relatively high, influencing their overall cost of homeownership and financial planning.
Average Tioga Tax Bill
$1,886
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tioga, Tioga County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16946 | $411 | $1,079 | $1,886 | $2,702 | $3,865 |
Source: Ownwell