Henryville, Pennsylvania Property Taxes
The median property tax rate in Henryville, PA is 0.70%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Henryville at $140,140, the typical annual property tax bill amounts to $852, which is considerably below the national median of $2,690. Property taxes in Henryville 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 Henryville'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 Henryville 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
Henryville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$981
Ownwell’s Henryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Henryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Henryville 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 Henryville, Pennsylvania
Property taxes in Henryville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Henryville is 0.70%, lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Henryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Henryville 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 Henryville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18332 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Henryville 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 Henryville Tax Rate
0.70%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Henryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18332 | 0.39% | 0.45% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Henryville, Pennsylvania
In Henryville, 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 Henryville, 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 Henryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill in Henryville is 18332, with a median tax bill of $852.
Property Tax Assessment Values Across Henryville, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Henryville Assessed Value
$140,140
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 Henryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18332 | $77,984 | $107,260 | $140,140 | $186,080 | $248,202 |
Source: Ownwell
Property Tax Bills Across Henryville, Pennsylvania
In Henryville, located in Monroe County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and is intended to reflect the property's market value. Homeowners in Henryville can expect their tax bills to vary significantly, with the 25th percentile tax bill at $540 and the 75th percentile reaching $1,297. At the higher end, the 90th percentile tax bill can be as much as $2,184. These figures are influenced by various factors, including property size, location, and any improvements made to the property. The median home price in Henryville stands at $140,140, which provides a benchmark for understanding the tax obligations in the area. The highest and lowest median tax bills in the region are both $852, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Henryville's tax rates can offer both affordable and higher-end tax scenarios for homeowners, affecting their annual financial planning.
Average Henryville Tax Bill
$852
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Henryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18332 | $359 | $540 | $852 | $1,297 | $2,184 |
Source: Ownwell