Trout Run, Lycoming County, Pennsylvania Property Taxes

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

Median Trout Run, PA effective property tax rate: 2.51%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Trout Run, PA home value: $73,350
Median annual Trout Run, PA tax bill: $1,812, $588 lower than the national median property tax bill of $2,400.

How are property taxes in Lycoming County calculated?

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

Last Updated March 1, 2025

Trout Run, Lycoming County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.51%

Estimate Property Tax Bill

$1,841

$1,708

Ownwell’s Trout Run Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Trout Run with just two data points. By entering your property's estimated assessed value, our calculator applies Trout Run’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 Trout Run, Lycoming County, Pennsylvania

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, resulting 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.

In Trout Run, located in Lycoming County, Pennsylvania, the effective property tax rate is 2.51%. This rate is significantly higher than the national median property tax rate of 1.02%. It also stands out when compared to other cities within Pennsylvania, as it is among the highest in the state. With the national median property tax bill at $2,400, property owners in Trout Run face considerably higher tax obligations. This can be attributed to the local government's budgetary needs and the total value of taxable property in the area. Understanding these dynamics is crucial for property owners considering tax appeals or seeking exemptions to manage their tax liabilities effectively.

Property Tax Rates Across Trout Run, Lycoming County, Pennsylvania

Source: Ownwell

2.16%

3.08%

4.00%

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 Trout Run Tax Rate

2.51%

Median Effective Lycoming County Tax Rate

2.61%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Trout Run, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
17771	2.38%	2.38%	2.51%	2.54%	2.54%

Source: Ownwell

Property Tax Assessment Values Across Trout Run, Lycoming County, Pennsylvania

When examining property taxes in Trout Run, 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.

In Lycoming County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Trout Run. For example, the median home price in Trout Run is $73,350, with tax bills ranging significantly across the county. Zip code 17771 has the highest median home price at $73,350.

Property Tax Assessment Values Across Trout Run, Lycoming County, Pennsylvania

Source: Ownwell

$32,000

$76,498

$120,995

Median Trout Run Market Value

$73,350

Median Lycoming County Market Value

$87,660

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Trout Run, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
17771	$20,520	$42,120	$73,350	$103,370	$138,750

Source: Ownwell

Property Tax Bills Across Trout Run, Lycoming County, Pennsylvania

In Trout Run, located in Lycoming County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $73,350, homeowners can expect varying tax bills based on their property's assessed value. For instance, the 25th percentile tax bill is $1,042, while the 75th percentile reaches $2,528, and the 90th percentile climbs to $3,424. The median tax bill in Trout Run stands at $1,812, which is below the national median property tax bill of $2,400, reflecting a relatively moderate tax burden for homeowners in the area. Factors influencing these tax bills include changes in property values and local government budgets. Homeowners may find these taxes burdensome, particularly if their assessed home values increase. Ownwell can assist by reviewing property assessments and identifying potential savings through appeals or exemptions, helping homeowners reduce their tax liabilities and ensuring they only pay their fair share.

Property Tax Bills Across Trout Run, Lycoming County, Pennsylvania

Source: Ownwell

$855

$1,949

$3,042

Median Trout Run Tax Bill

$1,812

Median Lycoming County Tax Bill

$2,556

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Trout Run, Lycoming County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
17771	$486	$1,042	$1,812	$2,528	$3,424

Source: Ownwell