East Smithfield, Pennsylvania Property Taxes
The median property tax rate in East Smithfield, PA, is 3.28%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $63,536 in East Smithfield, the typical annual property tax bill amounts to $2,067, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding East Smithfield's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of East Smithfield 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
East Smithfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.28%
Estimate Property Tax Bill
$2,084
Ownwell’s East Smithfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in East Smithfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in East Smithfield 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 East Smithfield, Pennsylvania
Property taxes in East Smithfield, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in East Smithfield is 3.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within East Smithfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, East Smithfield 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 East Smithfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18817 has the highest median property tax rate of 3.28%, while the same zip code also has the lowest median tax rate of 3.28%. Understanding how these cities compare with East Smithfield provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average East Smithfield Tax Rate
3.28%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across East Smithfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18817 | 3.27% | 3.28% | 3.28% | 3.28% | 3.28% |
Source: Ownwell
Property Tax Assessment Values Across East Smithfield, Pennsylvania
In East Smithfield, 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 Bradford 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 East Smithfield, 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 East Smithfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the region is $2067 in the 18817 zip code, while the lowest median tax bill is also $2067 in the same zip code.
Property Tax Assessment Values Across East Smithfield, Pennsylvania
Source: Ownwell
$16,000
$54,241
$92,481
Average East Smithfield Assessed Value
$63,536
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across East Smithfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18817 | $40,041 | $51,383 | $63,536 | $77,998 | $96,382 |
Source: Ownwell
Property Tax Bills Across East Smithfield, Pennsylvania
In East Smithfield, PA, property tax bills are determined based on the assessed value of a home, which is derived from the property’s market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $63,536, homeowners can expect to pay varying amounts in property taxes depending on the assessed value and specific tax rates applicable in Bradford County. Factors influencing the tax bill include the property's location, size, and condition, as well as any applicable exemptions or deductions. For East Smithfield, the tax bills typically range from $1,657 at the 25th percentile to $3,158 at the 90th percentile, with the highest median tax bill recorded in the 18817 zip code at $2,067. These property tax bills are essential for funding local services such as schools, emergency services, and infrastructure, thereby impacting homeowners by contributing to their community while also adding to their annual financial obligations.
Average East Smithfield Tax Bill
$2,067
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across East Smithfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18817 | $1,281 | $1,657 | $2,067 | $2,557 | $3,158 |
Source: Ownwell