Pen Argyl, Pennsylvania Property Taxes
The median property tax rate in Pen Argyl, PA is 3.77%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Pen Argyl at $101,600, the typical annual property tax bill reaches $3,954, significantly exceeding the national median of $2,690. Property taxes in Pen Argyl 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 Pen Argyl'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 Pen Argyl or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pen Argyl, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.77%
Estimate Property Tax Bill
$3,830
Ownwell’s PEN ARGYL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PEN ARGYL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PEN ARGYL 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 Pen Argyl, Pennsylvania
Property taxes in Pen Argyl, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pen Argyl is 3.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pen Argyl set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pen Argyl 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 Pen Argyl's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18072 zip code has the highest median property tax rate of 3.77%, while the 18072 zip code also has the lowest median tax rate of 3.77%. Understanding how these cities compare with Pen Argyl provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Pen Argyl Tax Rate
3.77%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pen Argyl, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18072 | 3.77% | 3.77% | 3.77% | 4.04% | 4.04% |
Source: Ownwell
Property Tax Assessment Values Across Pen Argyl, Pennsylvania
In Pen Argyl, 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 Northampton 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 Pen Argyl, 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 Pen Argyl helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18072 in Pen Argyl has a median tax bill of $3,954, which is a significant figure compared to the national median property tax rate of 0.99%.
Average Pen Argyl Assessed Value
$101,600
Average Northampton County Assessed Value
$115,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Pen Argyl, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18072 | $66,000 | $76,000 | $101,600 | $138,800 | $189,980 |
Source: Ownwell
Property Tax Bills Across Pen Argyl, Pennsylvania
In Pen Argyl, Northampton County, PA, property tax bills are determined by the assessed value of a home and the local tax rate. The assessed value is a percentage of the home's market value, which is periodically evaluated by county officials. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For instance, the median home price in Pen Argyl is $101,600, and with the local tax rate, homeowners see varying tax bills. Factors such as property size, location, and any improvements made to the home can influence the assessed value. In Pen Argyl, the property tax bill at the 25th percentile is $3,032, while at the 75th percentile, it rises to $5,305. For those at the 90th percentile, the tax bill can reach $7,373. These property taxes significantly impact homeowners, as they contribute to local services like schools, infrastructure, and emergency services, making it crucial for homeowners to understand their tax obligations.
Average Pen Argyl Tax Bill
$3,954
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pen Argyl, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18072 | $2,636 | $3,032 | $3,954 | $5,305 | $7,373 |
Source: Ownwell