Temple, Pennsylvania Property Taxes
The median property tax rate in Temple, PA is 4.52%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Temple, the typical annual property tax bill reaches $3,683, exceeding the national median of $2,690. Property taxes in Temple 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 Temple'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 Temple 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
Temple, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.52%
Estimate Property Tax Bill
$3,792
Ownwell’s Temple Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Temple with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Temple to provide an estimate of your property tax bill. This valuable tool helps you comprehend potential tax liabilities. For those interested in neighborhood-level trends, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, with any applicable exemptions taken into account.
Property Tax Rates Across Temple, Pennsylvania
Property taxes in Temple, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Temple is 4.52%, significantly higher than the U.S. national median of 0.99%. Local government entities within Temple set these rates annually, and they can vary significantly across different neighborhoods. Each year, Temple 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 Temple's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19560 zip code has the highest median property tax rate of 4.52%, while the same 19560 zip code also has the lowest median tax rate of 4.52%. Understanding how these cities compare with Temple 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 Temple Tax Rate
4.52%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Temple, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19560 | 3.87% | 4.52% | 4.52% | 4.52% | 4.52% |
Source: Ownwell
Property Tax Assessment Values Across Temple, Pennsylvania
In Temple, 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 Appraisal District 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 Temple, 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. The median home price in Temple is $83,900, with tax bills ranging from $3,077 at the 25th percentile to $5,840 at the 90th percentile. By understanding 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 Temple helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Temple Assessed Value
$83,900
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 Temple, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19560 | $60,260 | $68,900 | $83,900 | $106,500 | $137,400 |
Source: Ownwell
Property Tax Bills Across Temple, Pennsylvania
In Temple, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Temple, the median home price is $83,900, which gives an idea of the property values in the area. The property tax rate in Berks County significantly affects the tax bills, with the median tax bill being $3,683, aligning with the highest and lowest median tax bills in the zip code 19560. Tax bills can vary widely depending on the specific value of the property. For example, at the 25th percentile, the tax bill is $3,077, while at the 75th percentile, it reaches $4,711, and at the 90th percentile, it can be as high as $5,840. These figures indicate that while some homeowners may have relatively lower tax bills, others could face substantially higher costs, impacting their overall financial situation. Understanding these factors can help homeowners better anticipate their annual property tax expenses.
Average Temple Tax Bill
$3,683
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Temple, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19560 | $2,612 | $3,077 | $3,683 | $4,711 | $5,840 |
Source: Ownwell