Rehrersburg, Pennsylvania Property Taxes
The median property tax rate in Rehrersburg, PA is 4.47%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Rehrersburg, the typical annual property tax bill reaches $3,890, exceeding the national median of $2,690. Property taxes in Rehrersburg 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 Rehrersburg'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 Rehrersburg 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
Rehrersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.47%
Estimate Property Tax Bill
$3,889
Ownwell’s Rehrersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rehrersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rehrersburg 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 Rehrersburg, Pennsylvania
Property taxes in Rehrersburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rehrersburg is 4.47%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rehrersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rehrersburg 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 Rehrersburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19550 zip code has the highest median property tax rate of 4.47%, while the same zip code also has the lowest median tax rate of 4.47%. Understanding how these figures compare with Rehrersburg 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 Rehrersburg Tax Rate
4.47%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rehrersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19550 | 4.47% | 4.47% | 4.47% | 4.47% | 4.47% |
Source: Ownwell
Property Tax Assessment Values Across Rehrersburg, Pennsylvania
In Rehrersburg, 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 Rehrersburg, 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 Rehrersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19550 has both the highest and lowest median tax bill of $3,890.
Property Tax Assessment Values Across Rehrersburg, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Rehrersburg Assessed Value
$87,000
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 Rehrersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19550 | $29,710 | $68,475 | $87,000 | $103,050 | $115,050 |
Source: Ownwell
Property Tax Bills Across Rehrersburg, Pennsylvania
In Rehrersburg, Berks County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Once the assessed value is established, a tax rate, known as the millage rate, is applied to this value to calculate the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Rehrersburg, the median home price is $87,000. The tax bill for properties in the 25th percentile is around $3,061, while those in the 75th percentile face bills of approximately $4,607. At the 90th percentile, tax bills can reach up to $5,144. Comparatively, the median property tax rate nationally is 0.99%, making it crucial for homeowners to understand how their local rates stack up. High property taxes can significantly impact homeowners, affecting overall affordability and long-term financial planning.
Average Rehrersburg Tax Bill
$3,890
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rehrersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19550 | $1,328 | $3,061 | $3,890 | $4,607 | $5,144 |
Source: Ownwell