Waterville, Lycoming County, Pennsylvania Property Taxes

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

Median Waterville, PA effective property tax rate: 2.49%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Waterville, PA home value: $48,610
Median annual Waterville, PA tax bill: $1,292, $1,108 lower than the national median property tax bill of $2,400.

How are property taxes in Lycoming County calculated?

Property taxes in Waterville, 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 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 March 1, 2025

Waterville, Lycoming County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.52%

Estimate Property Tax Bill

$1,273

$1,181

Ownwell’s Waterville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waterville with just two data points. By entering your property's estimated assessed value, our calculator applies Waterville’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. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waterville, Lycoming County, Pennsylvania

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. In Waterville, Lycoming County, PA, the effective property tax rate stands at 2.49%. This rate is significantly higher than the national median property tax rate of 1.02%. Within Pennsylvania, Waterville's property tax rate is notable as it matches both the highest and lowest median tax rates in the state, showcasing the uniformity in this region. Compared to the national median property tax bill of $2,400, residents in Waterville may experience a higher financial burden due to this elevated rate. Understanding these differences can help homeowners make informed decisions about property ownership and tax appeals.

Property Tax Rates Across Waterville, Lycoming County, Pennsylvania

Source: Ownwell

2.23%

3.15%

4.08%

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%

Median Effective Lycoming County Tax Rate

2.63%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

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, 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 April. 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 Waterville. For example, the median home price in Waterville is $48,610, with tax bills ranging significantly across the county. Zip code 17776 has the highest median home price at $48,610.

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

$235,294

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

In Waterville, Lycoming County, PA, property tax bills are calculated based on the assessed value of a home. Local tax authorities determine this assessed value, which is then multiplied by the local tax rate to calculate the tax bill. Various factors influence the assessment, including the home's location, size, and market conditions. In Waterville, the property tax bill varies significantly, with the 25th percentile at $648 and the 90th percentile reaching $2590. The median tax bill is $1292, which is below the national median of $2400, yet the tax rate and assessed value can still impact homeowners significantly, especially if their property is over-assessed.

Ownwell assists homeowners by reviewing their property assessments to identify any discrepancies and filing appeals on their behalf. By ensuring that properties are assessed fairly, Ownwell can help reduce the tax burden, potentially saving homeowners hundreds or even thousands of dollars annually. This service is invaluable in a region where property tax bills can greatly vary, providing peace of mind and financial relief.

Property Tax Bills Across Waterville, Lycoming County, Pennsylvania

Source: Ownwell

$960

$2,649

$4,338

Median Waterville Tax Bill

$1,151

Median Lycoming County Tax Bill

$2,492

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

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