Palmerton, Pennsylvania Property Taxes
The median property tax rate in Palmerton, PA is 4.41%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Palmerton at $80,100, the typical annual property tax bill reaches $3,375, exceeding the national median of $2,690. Property taxes in Palmerton 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 Palmerton'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 Palmerton 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
Palmerton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.41%
Estimate Property Tax Bill
$3,532
Ownwell’s Palmerton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Palmerton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Palmerton 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 Palmerton, Pennsylvania
Property taxes in Palmerton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Palmerton is 4.41%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Palmerton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Palmerton 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 Palmerton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18071 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 cities compare with Palmerton 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 Palmerton 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 Palmerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18071 | 3.86% | 3.88% | 4.41% | 4.45% | 4.45% |
Source: Ownwell
Property Tax Assessment Values Across Palmerton, Pennsylvania
In Palmerton, 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 Palmerton, 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. For instance, the median home price in Palmerton is $80,100, with tax bills ranging from $2,512 at the 25th percentile to $6,316 at the 90th percentile. The highest and lowest median tax bills are both $3,375 in zip code 18071. 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 Palmerton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Palmerton Assessed Value
$80,100
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 Palmerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18071 | $41,380 | $58,550 | $80,100 | $117,450 | $157,300 |
Source: Ownwell
Property Tax Bills Across Palmerton, Pennsylvania
In Palmerton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Palmerton can expect their tax bills to vary significantly depending on the value of their property. For example, the 25th percentile tax bill is approximately $2,512, while the 75th percentile tax bill can reach up to $4,778, and the 90th percentile tax bill peaks at around $6,316. Several factors influence the final tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. The highest and lowest median tax bills in Palmerton are both $3,375, which is notably higher than the national median property tax rate of 0.99%. This relatively high tax burden can impact homeowners by increasing their annual expenses, making it essential for property owners to understand how their tax bills are determined and explore potential avenues for appealing or reducing their assessments.
Average Palmerton Tax Bill
$3,375
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Palmerton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18071 | $1,735 | $2,512 | $3,375 | $4,778 | $6,316 |
Source: Ownwell