Mohrsville, Pennsylvania Property Taxes
The median property tax rate in Mohrsville, PA is 3.60%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mohrsville, the typical annual property tax bill reaches $4,297, exceeding the national median of $2,690. Property taxes in Mohrsville are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mohrsville'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 Mohrsville 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
Mohrsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.6%
Estimate Property Tax Bill
$4,435
Ownwell’s Mohrsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mohrsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mohrsville 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 Mohrsville, Pennsylvania
Property taxes in Mohrsville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Mohrsville is 3.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mohrsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mohrsville 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 Mohrsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19541 zip code has the highest median property tax rate of 3.60%, while the 19541 zip code also has the lowest median tax rate of 3.60%. Understanding how these areas compare with Mohrsville 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 Mohrsville Tax Rate
3.60%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mohrsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19541 | 3.51% | 3.60% | 3.60% | 3.60% | 3.68% |
Source: Ownwell
Property Tax Assessment Values Across Mohrsville, Pennsylvania
In Mohrsville, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Mohrsville, 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 Mohrsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $4,297, with the zip code 19541 reflecting this value.
Property Tax Assessment Values Across Mohrsville, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Mohrsville Assessed Value
$123,200
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 Mohrsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19541 | $68,920 | $94,700 | $123,200 | $161,425 | $214,470 |
Source: Ownwell
Property Tax Bills Across Mohrsville, Pennsylvania
In Mohrsville, Berks County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Mohrsville, the median home price is $123,200. Property tax bills can vary significantly, with the 25th percentile at $3,354 and the 75th percentile at $5,395. At the higher end, the 90th percentile tax bill reaches $6,980. These figures suggest that property taxes in Mohrsville can be relatively high compared to the national median property tax rate of 0.99%. Such property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and potentially affecting their decisions regarding property investments. Understanding these factors is crucial for homeowners to manage their financial planning effectively.
Average Mohrsville Tax Bill
$4,297
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mohrsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19541 | $2,339 | $3,354 | $4,297 | $5,395 | $6,980 |
Source: Ownwell