Picture Rocks, Lycoming County, Pennsylvania Property Taxes

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

Picture Rocks, located in Lycoming County, showcases a property tax rate that stands out when compared to other regions. With a median property tax rate of 2.37%, it significantly surpasses the national median of 1.02%. This higher rate reflects the local government's approach to funding essential services through property taxation. While the national median property tax bill is $2,400, residents of Picture Rocks experience a different landscape due to the distinct tax rate. By understanding these differences, property owners can make informed decisions and potentially explore opportunities for tax appeals or exemptions.

In Picture Rocks, Lycoming County, PA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. With a median home price of $85,050, the tax bill varies significantly, with the 25th percentile at $1,649 and the 75th percentile at $2,379. Comparatively, the national median property tax bill stands at $2,400, highlighting how Picture Rocks aligns closely with the national average. The highest and lowest median tax bill in the area is $2,017, reflecting a consistent tax environment within zip code 17762.

Factors influencing the tax bill include the property's assessed value and any applicable exemptions or deductions. Homeowners may find their tax bills burdensome, especially when local rates exceed the national median property tax rate of 1.02%. Ownwell provides expert property tax appeal and exemption services, helping homeowners navigate the complexities of property tax calculations. By reviewing assessments and identifying potential savings, Ownwell assists homeowners in reducing their tax burdens, ensuring fair and accurate tax bills.