Scotrun, Pennsylvania Property Taxes
The median property tax rate in Scotrun, 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 Scotrun at $121,450, the typical annual property tax bill amounts to $869, well below the national median of $2,690. Property taxes in Scotrun 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 Scotrun'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 Scotrun or another part of Monroe County, understanding the local property tax system benefits both homeowners and real estate investors.
Last Updated June 14, 2024
Scotrun, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$850
Ownwell’s Scotrun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Scotrun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Scotrun 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 Scotrun, Pennsylvania
Property taxes in Scotrun, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Scotrun is 0.70%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Scotrun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Scotrun 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 Scotrun's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18355 zip code has the highest median property tax rate of 0.70%, while the 18355 zip code also has the lowest median tax rate of 0.70%. Understanding how these cities compare with Scotrun 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 Scotrun 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 Scotrun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18355 | 0.69% | 0.70% | 0.70% | 0.70% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Scotrun, Pennsylvania
In Scotrun, 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 Scotrun, 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 Scotrun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18355 has both the highest and lowest median tax bill, which is $869.
Average Scotrun Assessed Value
$121,450
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 Scotrun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18355 | $5,890 | $49,635 | $121,450 | $184,712 | $247,575 |
Source: Ownwell
Property Tax Bills Across Scotrun, Pennsylvania
Property tax bills in Scotrun, Monroe County, PA, are determined by several key factors. The primary component is the assessed value of the property, which is based on the market value established by local assessors. This assessed value is then multiplied by the local tax rate, which varies within the county. For Scotrun, the median home price stands at $121,450, and the property tax rate is used to calculate the annual tax bill. Homeowners in Scotrun can expect their tax bills to range widely. At the 25th percentile, the tax bill is approximately $405, while those at the 75th percentile pay around $1,430. The tax burden can be even higher, with the 90th percentile reaching $2,141. These figures highlight the variability in tax obligations depending on property value and local tax rates. Comparatively, the median property tax bill in Scotrun is $869, which is lower than the national median property tax rate of 0.99%. This difference can significantly impact homeowners, offering some relief in terms of annual expenses.
Average Scotrun Tax Bill
$869
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Scotrun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18355 | $54 | $405 | $869 | $1,430 | $2,141 |
Source: Ownwell