Bowmanstown, Pennsylvania Property Taxes
The median property tax rate in Bowmanstown, PA is 4.41%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bowmanstown, the typical annual property tax bill reaches $3,077, exceeding the national median of $2,690. Property taxes in Bowmanstown 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 Bowmanstown'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 Bowmanstown 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
Bowmanstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.41%
Estimate Property Tax Bill
$3,078
Ownwell’s Bowmanstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bowmanstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bowmanstown 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 Bowmanstown, Pennsylvania
Property taxes in Bowmanstown, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Bowmanstown is 4.41%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bowmanstown set these rates annually, and they can vary across different neighborhoods. Each year, Bowmanstown 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 Bowmanstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18030 has the highest median property tax rate of 4.41%, while the same zip code also has the lowest median tax rate of 4.41%. Understanding how these areas compare with Bowmanstown provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bowmanstown Tax Rate
4.41%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bowmanstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18030 | 4.41% | 4.41% | 4.41% | 4.41% | 4.41% |
Source: Ownwell
Property Tax Assessment Values Across Bowmanstown, Pennsylvania
In Bowmanstown, 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 Carbon 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 Bowmanstown, 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 Bowmanstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Bowmanstown is $3,077, while the lowest is also $3,077, both found in the zip code 18030.
Property Tax Assessment Values Across Bowmanstown, Pennsylvania
Source: Ownwell
$25,900
$78,841
$131,782
Average Bowmanstown Assessed Value
$69,800
Average Carbon County Assessed Value
$80,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bowmanstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18030 | $21,220 | $53,300 | $69,800 | $86,400 | $103,600 |
Source: Ownwell
Property Tax Bills Across Bowmanstown, Pennsylvania
In Bowmanstown, property tax bills are calculated based on the assessed value of a home, which is determined by the Carbon County tax assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Bowmanstown can expect their property taxes to be influenced by various factors including the home's location, size, and condition. The median home price in Bowmanstown is $69,800, and property tax bills can vary significantly. For instance, the tax bill at the 25th percentile is $2,350, while at the 75th percentile, it rises to $3,809, and at the 90th percentile, it reaches $4,567. These figures indicate a range of tax burdens depending on the specific property's assessed value and applicable tax rates. Compared to the national median property tax rate of 0.99%, Bowmanstown's rates reflect the local economic conditions and funding requirements for public services. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Bowmanstown Tax Bill
$3,077
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bowmanstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18030 | $935 | $2,350 | $3,077 | $3,809 | $4,567 |
Source: Ownwell