Pine Forge, Pennsylvania Property Taxes
The median property tax rate in Pine Forge, PA is 4.25%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Pine Forge at $160,400, the typical annual property tax bill reaches $6,813, far exceeding the national median of $2,690. Property taxes in Pine Forge 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 Pine Forge'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 Pine Forge 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
Pine Forge, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.25%
Estimate Property Tax Bill
$6,817
Ownwell’s Pine Forge Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Pine Forge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pine Forge 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 Pine Forge, Pennsylvania
Property taxes in Pine Forge, Pennsylvania, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Pine Forge is 4.25%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pine Forge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pine Forge 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 Pine Forge's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19548 has both the highest and lowest median property tax rate of 4.25%. Understanding how these areas compare with Pine Forge 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 Pine Forge Tax Rate
4.25%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pine Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19548 | 4.25% | 4.25% | 4.25% | 4.25% | 4.25% |
Source: Ownwell
Property Tax Assessment Values Across Pine Forge, Pennsylvania
In Pine Forge, 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 Pine Forge, 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 Pine Forge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 19548, with a value of $6,813.
Property Tax Assessment Values Across Pine Forge, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Pine Forge Assessed Value
$160,400
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 Pine Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19548 | $153,760 | $156,250 | $160,400 | $164,550 | $167,040 |
Source: Ownwell
Property Tax Bills Across Pine Forge, Pennsylvania
In Pine Forge, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Berks County assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Pine Forge experience property tax bills that can vary significantly. For instance, the 25th percentile tax bill is $6,637, while the 75th percentile reaches $6,989, and the 90th percentile is $7,095. These tax bills are influenced by several factors, including the property's assessed value and the local tax rate set by the county. The median home price in Pine Forge is $160,400, and property tax rates in this area are relatively high compared to the national median property tax rate of 0.99%. For homeowners, this means a substantial annual financial commitment, impacting their overall housing affordability. The highest and lowest median tax bills in Pine Forge are both $6,813, indicating a consistent tax rate across the area.
Average Pine Forge Tax Bill
$6,813
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pine Forge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19548 | $6,531 | $6,637 | $6,813 | $6,989 | $7,095 |
Source: Ownwell