Kingston, Pennsylvania Property Taxes
The median property tax rate in Kingston, PA is 3.77%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kingston at $77,830, the typical annual property tax bill reaches $2,935, surpassing the national median of $2,690. Property taxes in Kingston 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 Kingston'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 Kingston 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
Kingston, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.77%
Estimate Property Tax Bill
$2,934
Ownwell’s Kingston Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingston with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingston 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 Kingston, Pennsylvania
Property taxes in Kingston, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingston is 2.47%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Kingston set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingston 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 Kingston's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18704 zip code has the highest median property tax rate of 2.47%, while the same zip code also has the lowest median tax rate of 2.47%. Understanding how these cities compare with Kingston provides valuable insights into the varying tax landscape across Luzerne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingston Tax Rate
3.77%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | 3.77% | 3.77% | 3.77% | 3.77% | 3.77% |
Source: Ownwell
Property Tax Assessment Values Across Kingston, Pennsylvania
In Kingston, 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 Montgomery 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 Kingston, 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 Kingston helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kingston are both $2,935, found in the 18704 zip code.
Average Kingston Assessed Value
$77,830
Average Montgomery County Assessed Value
$143,105
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | $77,830 | $77,830 | $77,830 | $77,830 | $77,830 |
Source: Ownwell
Property Tax Bills Across Kingston, Pennsylvania
In Kingston, located in Montgomery County, PA, property tax bills are calculated based on the assessed value of a home. The local assessor determines this value, which is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in Kingston, the median home price is $77,830. The property tax rate in this area is notably higher than the national median property tax rate of 0.99%, resulting in a median tax bill of $2,935. Several factors influence the final tax bill, including the home's assessed value, any applicable exemptions, and the specific tax rate set by local authorities. Homeowners should be aware that higher property taxes can affect their overall cost of living and may influence decisions regarding homeownership and property investments. Despite the higher tax rate, it ensures that local services such as schools, emergency services, and public infrastructure are adequately funded, contributing to the community's overall well-being.
Average Kingston Tax Bill
$2,935
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingston, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18704 | $2,935 | $2,935 | $2,935 | $2,935 | $2,935 |
Source: Ownwell