16942 Property Tax Rate

Property owners in ZIP code 16942 (Osceola, Pennsylvania) pay a median of $1,579/year in property taxes on homes valued at $132,700. This translates to an effective tax rate of 1.19%, which is 11% below the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16942 is approximately $132, which factors into escrow payments on mortgages. This ZIP code is located within Tioga County. This is $1,225 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16942 has higher property taxes. ZIP codes with similar effective rates include 15849 (1.19%) and 19008 (1.19%).

In Osceola, property taxes represent approximately 3.1% of the median household income of $50,982, providing context for the relative tax burden on homeowners in this area.

Pennsylvania has no statewide property tax cap; Tioga County Assessor sets assessments locally, and reassessment may occur at any time, increasing your property tax burden. Seniors (65+), widows/widowers, and disabled homeowners earning ≤$35,000 should apply for Pennsylvania's Property Tax/Rent Rebate Program via the Department of Revenue — eligible applicants receive annual rebates of $250–$1,000+. Contact the Tioga County Assessor within 30 days of purchase to confirm your base assessment and apply for school district homestead exclusions that reduce taxable value.