Mohnton, Pennsylvania Property Taxes
The median property tax rate in Mohnton, PA is 3.99%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mohnton at $118,400, the typical annual property tax bill reaches $4,741, far exceeding the national median of $2,690. Property taxes in Mohnton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mohnton's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Mohnton or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mohnton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.99%
Estimate Property Tax Bill
$4,724
Ownwell’s Mohnton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mohnton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mohnton to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mohnton, Pennsylvania
Property taxes in Mohnton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mohnton is 3.99%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mohnton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mohnton estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Mohnton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19540 zip code has the highest median property tax rate of 3.99%, while the same zip code has the lowest median tax rate of 3.99%. Understanding how these cities compare with Mohnton provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mohnton Tax Rate
3.99%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mohnton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19540 | 3.98% | 3.98% | 3.99% | 4.43% | 4.47% |
Source: Ownwell
Property Tax Assessment Values Across Mohnton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mohnton, Pennsylvania. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Berks County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Mohnton, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Mohnton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 19540, with a median tax bill of $4,741.
Average Mohnton Assessed Value
$118,400
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mohnton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19540 | $61,300 | $80,950 | $118,400 | $175,000 | $235,840 |
Source: Ownwell
Property Tax Bills Across Mohnton, Pennsylvania
In Mohnton, Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $118,400 in Mohnton, homeowners can expect varying tax bills depending on their property's assessed value and applicable exemptions. Several factors influence the tax bill, including the home's market value, assessment ratio, and specific tax exemptions or reductions that may apply. In Berks County, the 25th percentile of tax bills is $3,405, while the 75th percentile reaches $7,017. At the 90th percentile, tax bills can be as high as $9,424. These figures highlight the significant range in property tax obligations that homeowners in Mohnton may face. Compared to the national median property tax rate of 0.99%, homeowners in Mohnton might experience higher or lower tax burdens based on these local variables, impacting their overall financial planning and homeownership costs.
Average Mohnton Tax Bill
$4,741
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mohnton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19540 | $2,563 | $3,405 | $4,741 | $7,017 | $9,424 |
Source: Ownwell