Bushkill, Pennsylvania Property Taxes
The median property tax rate in Bushkill, PA is 0.51%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bushkill at $91,670, the typical annual property tax bill amounts to $492, which is well below the national median of $2,690. Property taxes in Bushkill are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Bushkill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Bushkill or another part of Monroe County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bushkill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$468
Ownwell’s Bushkill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bushkill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bushkill 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 Bushkill, Pennsylvania
Property taxes in Bushkill, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bushkill is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Bushkill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bushkill 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 Bushkill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18324 zip code has both the highest and lowest median property tax rate of 0.51%. Understanding how these cities compare with Bushkill provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bushkill Tax Rate
0.51%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bushkill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18324 | 0.51% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Bushkill, Pennsylvania
In Bushkill, 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 Monroe 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 Bushkill, 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 Bushkill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Bushkill is $91,670, with the highest and lowest median tax bills both recorded at $492 in the 18324 zip code.
Property Tax Assessment Values Across Bushkill, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Bushkill Assessed Value
$91,670
Average Monroe County Assessed Value
$134,550
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bushkill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18324 | $69,540 | $77,075 | $91,670 | $116,205 | $139,282 |
Source: Ownwell
Property Tax Bills Across Bushkill, Pennsylvania
Property tax bills in Bushkill, Monroe County, Pennsylvania, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by local taxing authorities. For homeowners in Bushkill, the median home price is $91,670. Several factors influence the tax bill, including property size, location, and any applicable exemptions. The 25th percentile tax bill is $406, while the 75th percentile tax bill is $655, and the 90th percentile tax bill reaches $973. Comparing this to the national median property tax rate of 0.99%, Bushkill's property tax rates can be considered relatively moderate. For homeowners, understanding these factors is crucial as property taxes directly impact annual expenses. Accurate assessments and potential exemptions can significantly affect the final tax bill, making it essential for homeowners to stay informed and proactive about their property tax obligations.
Average Bushkill Tax Bill
$492
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bushkill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18324 | $358 | $406 | $492 | $655 | $973 |
Source: Ownwell