Beach Lake, Pennsylvania Property Taxes
The median property tax rate in Beach Lake, PA is 2.87%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Beach Lake, the typical annual property tax bill reaches $2,818, surpassing the national median of $2,690. Property taxes in Beach Lake 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 Beach Lake'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 Beach Lake 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
Beach Lake, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.87%
Estimate Property Tax Bill
$2,870
Ownwell’s Beach Lake Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beach Lake with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beach Lake 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 Beach Lake, Pennsylvania
Property taxes in BEACH LAKE, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in BEACH LAKE is 2.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within BEACH LAKE set these rates annually, and they can vary significantly across different neighborhoods. Each year, BEACH LAKE 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 BEACH LAKE's effective property tax rate to other areas and the national median. For comparison, the zip code 18405 has the highest median property tax rate of 2.87%, while the same zip code also has the lowest median tax rate of 2.87%. Understanding how these figures compare with BEACH LAKE provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beach Lake Tax Rate
2.87%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beach Lake, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18405 | 2.87% | 2.87% | 2.87% | 2.87% | 2.87% |
Source: Ownwell
Property Tax Assessment Values Across Beach Lake, Pennsylvania
In Beach Lake, 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 Pike 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 Beach Lake, 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. For example, the median home price is $100,000, with annual tax bills ranging from $2,250 at the 25th percentile to $4,202 at the 90th percentile. Beach Lake's highest and lowest median tax bill is $2,818 in the 18405 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Beach Lake, Pennsylvania
Source: Ownwell
$71,900
$130,413
$188,925
Average Beach Lake Assessed Value
$100,000
Average Pike County Assessed Value
$106,483
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beach Lake, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18405 | $53,039 | $78,783 | $100,000 | $122,102 | $147,765 |
Source: Ownwell
Property Tax Bills Across Beach Lake, Pennsylvania
In Beach Lake, Pike County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, if a home is assessed at $100,000, the tax bill will be calculated using the local tax rate applied to this value. Various factors influence the assessed value, including the home's market value, location, and any improvements or renovations made. Homeowners in Beach Lake can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $2,250, while the 75th percentile reaches $3,495, and the 90th percentile can be as high as $4,202. These property tax bills can have a notable impact on homeowners, affecting their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Beach Lake can result in higher annual expenses for homeowners.
Average Beach Lake Tax Bill
$2,818
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Beach Lake, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18405 | $1,487 | $2,250 | $2,818 | $3,495 | $4,202 |
Source: Ownwell