Emerald, Pennsylvania Property Taxes
The median property tax rate in Emerald, PA is 2.81%, considerably higher than both the national median of 0.99% and matching the Pennsylvania state median of 2.81%. With the median home value in Emerald at $154,600, the typical annual property tax bill reaches $4,352, significantly exceeding the national median of $2,690. Property taxes in Emerald 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 Emerald'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 Emerald 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
Emerald, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$4,344
Ownwell’s Emerald Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Emerald with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Emerald 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 Emerald, Pennsylvania
Property taxes in Emerald, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Emerald is 1.53%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Emerald set these rates annually, and they can vary significantly across different neighborhoods. Each year, Emerald 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 Emerald's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18080 has the highest median property tax rate of 1.53%, while the same zip code also has the lowest median tax rate of 1.53%. Understanding how these cities compare with Emerald provides valuable insights into the varying tax landscape across Lehigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Emerald Tax Rate
2.81%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Emerald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Emerald, Pennsylvania
In Emerald, 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 Lehigh 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 Emerald, 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 Emerald helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both found in the 18080 zip code, each at $4,352.
Average Emerald Assessed Value
$154,600
Average Lehigh County Assessed Value
$166,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Emerald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | $154,600 | $154,600 | $154,600 | $154,600 | $154,600 |
Source: Ownwell
Property Tax Bills Across Emerald, Pennsylvania
In Emerald, located in Lehigh County, PA, property tax bills are determined based on the assessed value of a home. The assessed value is typically a percentage of the market value, and this figure is then used to calculate the tax bill. With a median home price of $154,600, homeowners in Emerald can expect their property tax bills to be around $4,352, which is significantly higher than the national median property tax rate of 0.99%. Various factors contribute to the final tax bill, including the local tax rate set by the county and any applicable exemptions or deductions. For instance, the tax bill at the 25th, 75th, and 90th percentiles in Emerald remains consistently at $4,352. This uniformity suggests a stable tax rate across different property values. High property tax rates can influence homeowners' financial planning, potentially affecting their decisions on home improvements or even the overall affordability of homeownership in the area. Understanding these factors is crucial for homeowners looking to manage their expenses effectively.
Average Emerald Tax Bill
$4,352
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Emerald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | $4,352 | $4,352 | $4,352 | $4,352 | $4,352 |
Source: Ownwell