Milford, Pike County, Pennsylvania Property Taxes

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

Median Milford, PA effective property tax rate: 3.72%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Milford, PA home value: $117,439
Median annual Milford, PA tax bill: $4,421, $2,021 higher than the national median property tax bill of $2,400.

How are property taxes in Pike County calculated?

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

Last Updated March 1, 2025

Milford, Pike County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.72%

Estimate Property Tax Bill

$4,369

$4,054

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

Property Tax Rates Across Milford, Pike County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget annually 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 Milford, located in Pike County, Pennsylvania, the property tax rate is notably higher than the national median. Milford's effective property tax rate is 3.72%, which is significantly above the national median of 1.02%. This places it among the highest in Pennsylvania. The disparity between Milford's rate and the national median highlights the importance of understanding local tax dynamics. Homeowners in Milford face a higher property tax burden compared to many other regions, which could impact decisions related to property ownership and investments.

Comparing Milford's tax rate to other cities in Pennsylvania and the U.S. provides valuable insights into the local fiscal landscape. Understanding these dynamics can help homeowners make informed decisions about property investments and financial planning.

Property Tax Rates Across Milford, Pike County, Pennsylvania

Source: Ownwell

2.68%

3.67%

4.67%

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 Milford Tax Rate

3.72%

Median Effective Pike County Tax Rate

3.72%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Milford, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18337	3.72%	3.72%	3.72%	3.72%	4.02%

Source: Ownwell

Property Tax Assessment Values Across Milford, Pike County, Pennsylvania

When examining property taxes in Milford, 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 Pike 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. Assessment notices: In Pike 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 Milford. For example, the median home price in Milford is $117,439, with tax bills ranging significantly across the county. 18337 has the highest median home price at $117,439.

Property Tax Assessment Values Across Milford, Pike County, Pennsylvania

Source: Ownwell

$71,900

$104,730

$137,560

Median Milford Market Value

$117,439

Median Pike County Market Value

$106,483

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Milford, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18337	$75,240	$93,716	$117,439	$147,897	$178,161

Source: Ownwell

Property Tax Bills Across Milford, Pike County, Pennsylvania

In Milford, Pike County, PA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The local property tax rate is then applied to this assessed value to determine the tax bill. With a median home price of $117,439, homeowners in Milford can expect property tax bills that vary significantly. The 25th percentile tax bill is $3,537, while the 75th percentile reaches $5,590, and the 90th percentile climbs to $6,783. This range indicates that property taxes can be a substantial financial burden for homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers valuable assistance by helping homeowners appeal their property tax assessments and explore possible exemptions. By leveraging expert knowledge and experience, Ownwell can identify potential savings and guide homeowners through the appeal process, ultimately reducing their tax burden and ensuring they pay only their fair share.

Property Tax Bills Across Milford, Pike County, Pennsylvania

Source: Ownwell

$2,072

$3,728

$5,383

Median Milford Tax Bill

$4,421

Median Pike County Tax Bill

$3,676

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Milford, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18337	$2,764	$3,537	$4,421	$5,590	$6,783

Source: Ownwell