Liberty, Lycoming County, Pennsylvania Property Taxes

Local government entities set tax rates, which can vary widely within a state. Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Liberty’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

Liberty, located in Lycoming County, has a property tax rate of 2.49%, which is significantly higher than the national median of 1.02%. This rate is consistent across the county, reflecting the highest and lowest rates in the region. Residents of Liberty face a substantial property tax bill, which is more than double the national median of $2,400. This higher rate indicates a greater financial responsibility for property owners in Liberty compared to many other areas in the United States. Understanding these rates is crucial for property owners as they navigate their financial obligations and consider potential savings through tax appeals or exemptions.

In Liberty, located in Lycoming County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The median home price in Liberty is $95,250, and while the national median property tax bill stands at $2,400, Liberty's tax bills range from $1,904 at the 25th percentile to $3,394 at the 90th percentile. This variation can significantly affect homeowners, as higher tax bills may strain budgets, especially if the property's assessed value increases. Factors influencing the tax bill include changes in the local tax rate, property improvements, or shifts in the housing market, which can alter the assessed value.

Ownwell assists homeowners by offering property tax appeal services, potentially reducing the tax burden. By analyzing property assessments and ensuring they align with current market values, Ownwell identifies discrepancies that may lead to overpayment. With professional guidance, homeowners can secure fair assessments and exemptions, ultimately saving on their property tax bills and easing financial pressures.