Slatedale, Pennsylvania Property Taxes
The median property tax rate in Slatedale, PA is 2.81%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Slatedale, the typical annual property tax bill reaches $3,108, exceeding the national median of $2,690. Property taxes in Slatedale 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 Slatedale'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 Slatedale 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
Slatedale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$3,102
Ownwell’s Slatedale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slatedale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slatedale 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 Slatedale, Pennsylvania
Property taxes in Slatedale, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Slatedale is 1.29%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Slatedale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slatedale 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 Slatedale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18079 has the highest median property tax rate of 1.29%, while the same zip code also has the lowest median tax rate of 1.29%. Understanding how these cities compare with Slatedale 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 Slatedale 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 Slatedale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18079 | 2.81% | 2.81% | 2.81% | 2.81% | 2.81% |
Source: Ownwell
Property Tax Assessment Values Across Slatedale, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Slatedale, Pennsylvania. 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 Slatedale, 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 Slatedale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Lehigh County, the zip code with the highest median tax bill is 18079, with a value of $3,108.
Average Slatedale Assessed Value
$110,400
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 Slatedale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18079 | $82,410 | $95,200 | $110,400 | $132,350 | $169,000 |
Source: Ownwell
Property Tax Bills Across Slatedale, Pennsylvania
In Slatedale, property tax bills are determined based on the assessed value of a home, which is distinct from its market value. The assessed value is set by local assessors and is used as the basis for calculating the tax owed. Homeowners in Slatedale, located in Lehigh County, PA, can expect varying tax bills depending on the assessed value of their properties and the local tax rate. For instance, the median home price in Slatedale is $110,400. Property tax bills in the area range significantly, with the 25th percentile at $2,680 and the 75th percentile at $3,725. At the 90th percentile, the tax bill can be as high as $4,757. These figures highlight the variability in property tax bills within the region, influenced by factors such as property size, location, and improvements. Compared to the national median property tax rate of 0.99%, homeowners in Slatedale may experience higher tax rates, impacting their overall cost of homeownership. Understanding these factors is crucial for homeowners to anticipate their property tax obligations accurately.
Average Slatedale Tax Bill
$3,108
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Slatedale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18079 | $2,320 | $2,680 | $3,108 | $3,725 | $4,757 |
Source: Ownwell