Real Estate Taxes
Beginning January 1, 2005 Lycoming County went to a 100% assessed value system. This means the market value and the assessed value are now the same number. During the spring and summer of 2004, the entire County went through a re-assessment of property value. This value, multiplied by the millage rate of each municipality, equals the face amount of the tax.
| Current millage rates(2007) are: Lycoming County:
|| 4.75 mills|
| Loyalsock Township:
|| 1.40 mills|
| (2006-2007) Loyalsock School District:
|| 13.10 mills|
The County and Township Real Estate Taxes are issued the first week of March and on the same bill . This is traditionally a blue bill. The School Real Estate Taxes are issued the first week of July, and this is traditionally generally a white bill.
Per Capita taxes, were eliminated beginning January 1, 2005.
||$10.00 per year - Due by end of January.|
||$1.50 per $1000 of gross reciepts of business for retail services and rentals.|
||$1.00 per $1000 of gross volume of business for wholesale.|
Occupational Privilege - $10 per employee for businesses located in Loyalsock Township.