Property Taxes in Waterville, Pennsylvania
Median Waterville, Pennsylvania effective property tax rate: 2.52%, significantly lower than the national median of 1.02%, and lower than the Pennsylvania state median of 2.75%.
Median Waterville, Pennsylvania home value: $50,505
Median annual Waterville, Pennsylvania tax bill: $1,151, lower than the national median property tax bill of $2,400.
How are property taxes in Lycoming calculated?
Property taxes in Waterville, Pennsylvania 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 Waterville's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waterville, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Waterville Property Tax Calculator Work?
Use this Waterville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Waterville's median effective tax rate of 2.52% — based on actual property records in Lycoming County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Waterville's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Waterville: rates range from 2.52% in 17776 to 2.52% in 17776, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Waterville.
About Waterville Property Taxes
About Property Taxes in Waterville, Lycoming, Pennsylvania
Waterville's median effective property tax rate of 2.52% is lower than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Lycoming County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Waterville. Homeowners in the 17776 ZIP code carry a median effective rate of 2.52%, while those in the same ZIP code pay 2.52%. This spread — 0.00 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Lycoming County. Understanding which part of Waterville you live in can make a meaningful difference to your annual tax bill.
Waterville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Waterville, Lycoming County, Pennsylvania
As noted earlier, 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 Waterville's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
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 Waterville Tax Rate
2.52%
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 Lycoming County Tax Rate
2.63%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Waterville, Lycoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17776 | 2.52% | 2.52% | 2.52% | 2.80% | 2.80% |
Source: Ownwell
Property Tax Assessment Values Across Waterville, Lycoming County, Pennsylvania
When examining property taxes in Waterville, Pennsylvania, 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. Lycoming County 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 in Lycoming County are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Waterville is $50,505, with tax bills ranging significantly across the county. ZIP code 17776 has the highest median home price at $50,505. The median property tax bill is $1,151, compared with the national median property tax bill of $2,400.
Property Tax Assessment Values Across Waterville, Lycoming County, Pennsylvania
Source: Ownwell
$38,575
$89,068
$139,560
Median Waterville Market Value
$50,505
Median Lycoming County Market Value
$88,010
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Waterville, Lycoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17776 | $6,545 | $26,272 | $50,505 | $78,072 | $102,439 |
Source: Ownwell
Property Tax Bills Across Waterville, Lycoming County, Pennsylvania
Waterville property tax bills are based on the assessed value of a home and the local tax rate set for Lycoming County. When a home’s assessed value rises, the tax bill can increase, even if the homeowner has not made major changes to the property. Local taxing authorities use this value to determine how much each homeowner owes, so two homes with different assessed values may have very different bills.
In Waterville, the median home price is $50,505, and the median property tax bill is $1,151. That amount is below the national median property tax bill of $2,400 and below the national median property tax rate of 1.02%. Property taxes affect homeowners by adding a recurring cost to owning a home, which can influence monthly budgets and long-term affordability. For many homeowners, understanding how assessed value and local rates work is the first step toward checking whether a bill is accurate.
Median Waterville Tax Bill
$1,151
Median Lycoming County Tax Bill
$2,492
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Waterville, Lycoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17776 | $89 | $469 | $1,151 | $1,959 | $2,575 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| Lycoming Tax Assessor | |
| Website | propertyinfo.lyco.org |