Canton, Lycoming County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Canton, Lycoming County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Canton, PA effective property tax rate: 2.46%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Canton, PA home value: $42,800
Median annual Canton, PA tax bill: $1,051, $1,349 lower than the national median property tax bill of $2,400.

How are property taxes in Lycoming County calculated?

Property taxes in Canton, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Canton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Canton, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Canton, Lycoming County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.53%

Estimate Property Tax Bill

$1,109

$1,029

Ownwell’s Canton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Canton with just two data points. By entering your property's estimated assessed value, our calculator applies Canton’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Lycoming County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Canton, Lycoming County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. This variation is due to each county estimating its required budget annually to provide services, then dividing that by the total value of all taxable property within its jurisdiction. This process results in the property tax rate. While votes and laws are involved in setting these rates and budgets, this is the annual process in a nutshell.

In Canton, Lycoming County, PA, the effective property tax rate is notably higher than the national median. Pennsylvania's median property tax rate is 2.46%, which is significantly above the national median of 1.02%. This places Pennsylvania among the states with higher property tax rates. For homeowners in Canton, this means a higher property tax bill compared to the national median of $2,400. Understanding these rates can help property owners in Canton make informed decisions about appealing their property taxes or seeking exemptions. By comparing Canton's effective property tax rate to other cities in Pennsylvania and the U.S. median, homeowners can better understand their tax obligations and explore potential savings.

Property Tax Rates Across Canton, Lycoming County, Pennsylvania

Source: Ownwell

2.23%

3.15%

4.08%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Canton Tax Rate

2.53%

Median Effective Lycoming County Tax Rate

2.63%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Canton, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
17724	2.53%	2.53%	2.53%	2.53%	2.53%

Source: Ownwell

Property Tax Assessment Values Across Canton, Lycoming County, Pennsylvania

When examining property taxes in Canton, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Lycoming County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. Assessment notices: Lycoming County sends assessment notices in the spring each year, typically reaching your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Canton. For example, the median home price in Canton is $42,800, with tax bills ranging significantly across the county. Zip code 17724 has the highest median home price at $42,800.

Property Tax Assessment Values Across Canton, Lycoming County, Pennsylvania

Source: Ownwell

$38,575

$89,068

$139,560

Median Canton Market Value

$43,850

Median Lycoming County Market Value

$88,010

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Canton, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
17724	$13,470	$25,005	$43,850	$58,575	$100,320

Source: Ownwell

Property Tax Bills Across Canton, Lycoming County, Pennsylvania

In Canton, located in Lycoming County, PA, property tax bills are calculated based on the assessed value of a home. With a median home price of $42,800, the property tax rate plays a crucial role in determining the annual tax bill for homeowners. The median tax bill in this area is $1,051, significantly below the national median of $2,400. Tax bills can vary, with the 25th percentile at $594 and the 75th percentile reaching $1,392. The 90th percentile can go as high as $2,397, indicating that some homeowners may face higher tax obligations. These variations depend on factors such as property size, location, and any applicable exemptions. High property taxes can put a strain on homeowners, but this is where Ownwell steps in. By leveraging expertise in property tax appeals and exemptions, Ownwell can help homeowners potentially reduce their tax bills, ensuring they pay only what is fair. This service can be a valuable asset, providing financial relief and peace of mind.

Property Tax Bills Across Canton, Lycoming County, Pennsylvania

Source: Ownwell

$960

$2,649

$4,338

Median Canton Tax Bill

$960

Median Lycoming County Tax Bill

$2,492

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Canton, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
17724	$255	$526	$960	$1,345	$2,457

Source: Ownwell