Nesquehoning, Pennsylvania Property Taxes
The median property tax rate in Nesquehoning, PA is 4.82%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nesquehoning at $44,750, the typical annual property tax bill reaches $2,156, slightly below the national median of $2,690. Property taxes in Nesquehoning 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 Nesquehoning'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 Nesquehoning 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
Nesquehoning, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.82%
Estimate Property Tax Bill
$2,157
Ownwell’s Nesquehoning Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Nesquehoning to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value is determined by the county for tax purposes and includes any applicable exemptions.
Property Tax Rates Across Nesquehoning, Pennsylvania
Property taxes in Nesquehoning, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nesquehoning is 4.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nesquehoning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nesquehoning 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 Nesquehoning's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18240 has the highest median property tax rate of 4.82%, while the same zip code also has the lowest median tax rate of 4.82%. Understanding how these cities compare with Nesquehoning 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 Nesquehoning Tax Rate
4.82%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | 4.82% | 4.82% | 4.82% | 4.82% | 4.82% |
Source: Ownwell
Property Tax Assessment Values Across Nesquehoning, Pennsylvania
In Nesquehoning, 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 local authorities 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 Nesquehoning, 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 Nesquehoning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area stands at $44,750, with tax bills ranging from $1,575 at the 25th percentile to $6,131 at the 90th percentile. The highest and lowest median tax bills, both at $2,156, are found in zip code 18240.
Property Tax Assessment Values Across Nesquehoning, Pennsylvania
Source: Ownwell
$25,900
$78,841
$131,782
Average Nesquehoning Assessed Value
$44,750
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 Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | $25,200 | $32,700 | $44,750 | $86,534 | $127,243 |
Source: Ownwell
Property Tax Bills Across Nesquehoning, Pennsylvania
In Nesquehoning, located in Carbon County, PA, property tax bills are determined based on the assessed value of a homeowner's property. This assessed value is a percentage of the market value of the property, and local tax rates are applied to calculate the final tax bill. The median home price in Nesquehoning is $44,750, which serves as a baseline for understanding property tax obligations in the area. Factors such as property location, size, and condition play a significant role in determining the assessed value. Homeowners in Nesquehoning might find their tax bills ranging widely, with the 25th percentile tax bill at $1,575 and the 75th percentile at $4,169. At the higher end, the 90th percentile tax bill can reach up to $6,131. Compared to the national median property tax rate of 0.99%, Nesquehoning's property tax rates can significantly impact homeowners, especially considering the local economic conditions. Understanding these variables helps homeowners anticipate their annual tax responsibilities and manage their finances effectively.
Average Nesquehoning Tax Bill
$2,156
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | $1,214 | $1,575 | $2,156 | $4,169 | $6,131 |
Source: Ownwell