Mehoopany, Pennsylvania Property Taxes
The median property tax rate in Mehoopany, PA, is 5.59%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mehoopany at $43,245, the typical annual property tax bill amounts to $2,549, which is just shy of the national median of $2,690. Property taxes in Mehoopany are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Mehoopany'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 Mehoopany or another part of Wyoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mehoopany, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.59%
Estimate Property Tax Bill
$2,417
-$25,334
Ownwell’s Mehoopany Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mehoopany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mehoopany 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 Mehoopany, Pennsylvania
Property taxes in Mehoopany, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mehoopany is 5.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mehoopany set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mehoopany 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 Mehoopany's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18629 zip code has the highest median property tax rate of 5.59%, while the same zip code also has the lowest median tax rate of 5.59%. Understanding how these cities compare with Mehoopany provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mehoopany Tax Rate
5.59%
Average Wyoming County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mehoopany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18629 | 5.56% | 5.56% | 5.59% | 5.62% | 5.69% |
Source: Ownwell
Property Tax Assessment Values Across Mehoopany, Pennsylvania
In Mehoopany, 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 Wyoming 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 Mehoopany, 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. The median home price in Mehoopany is $43,245, with the 25th percentile tax bill at $1,579 and the 75th percentile at $3,615. The highest and lowest median tax bills, both $2,549, are found in zip code 18629. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mehoopany Assessed Value
$43,245
Average Wyoming County Assessed Value
$49,130
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mehoopany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18629 | $6,160 | $22,725 | $43,245 | $61,500 | $91,660 |
Source: Ownwell
Property Tax Bills Across Mehoopany, Pennsylvania
In Mehoopany, Wyoming County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and is intended to reflect the market value of the property. Homeowners in Mehoopany can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rates applied. For example, the median home price in Mehoopany is $43,245. Property tax bills range from the 25th percentile at $1,579 to the 75th percentile at $3,615, with the 90th percentile reaching up to $5,375. 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%, Mehoopany's rates can be higher, reflecting the local government's funding needs for public services and infrastructure. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual expenses and overall affordability of homeownership in Mehoopany.
Average Mehoopany Tax Bill
$2,549
Average Wyoming County Tax Bill
$2,930
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mehoopany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18629 | $947 | $1,579 | $2,549 | $3,615 | $5,375 |
Source: Ownwell