Montoursville, Lycoming County, Pennsylvania Property Taxes

Local government entities set tax rates, which can vary widely within a state. 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 Montoursville’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

Montoursville, located in Lycoming County, has an effective property tax rate of 2.35%, which is significantly higher than the national median of 1.02%. This places Montoursville among the areas with the highest property tax rates in the state. In contrast, the national median property tax bill is $2400, highlighting the potential financial impact on homeowners in Montoursville. Understanding these rates is crucial for property owners considering tax appeals or exemptions. By comparing Montoursville's rates with state and national figures, homeowners can better assess their property tax situation and explore opportunities for potential savings.

In Montoursville, located in Lycoming County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and reflects a percentage of the property's market value. Homeowners in Montoursville face a median property tax bill of $3,042, which is higher than the national median of $2,400. This discrepancy can significantly impact homeowners, especially when the tax bill reaches the 90th percentile at $5,015. Factors influencing the tax bill include the property's assessed value and the local tax rate. The higher tax rate in Montoursville can lead to financial strain for homeowners.

Ownwell offers a solution by helping homeowners appeal and reduce their property tax bills. By analyzing the assessed value, market trends, and comparable properties, Ownwell identifies opportunities for savings. This service ensures that homeowners only pay their fair share, potentially reducing their tax burden and alleviating financial pressure. With Ownwell, Montoursville homeowners can achieve significant savings on their property taxes.