Dingmans Ferry, Pennsylvania Property Taxes
The median property tax rate in Dingmans Ferry, PA is 3.81%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Dingmans Ferry, the typical annual property tax bill reaches $3,373, surpassing the national median of $2,690. Property taxes in Dingmans Ferry 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 Dingmans Ferry'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 Dingmans Ferry or another part of Pike County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Dingmans Ferry, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.81%
Estimate Property Tax Bill
$3,415
Ownwell’s Dingmans Ferry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Dingmans Ferry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Dingmans Ferry 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 Dingmans Ferry, Pennsylvania
Property taxes in Dingmans Ferry, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dingmans Ferry is 3.81%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Dingmans Ferry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dingmans Ferry 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 Dingmans Ferry's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 18328 zip code has the highest median property tax rate of 3.81%, while the same zip code also has the lowest median tax rate of 3.81%. Understanding how these areas compare with Dingmans Ferry 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 Dingmans Ferry Tax Rate
3.81%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dingmans Ferry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18328 | 3.81% | 3.81% | 3.81% | 3.81% | 3.81% |
Source: Ownwell
Property Tax Assessment Values Across Dingmans Ferry, Pennsylvania
In Dingmans Ferry, 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 Dingmans Ferry, 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 Dingmans Ferry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $89,640, with tax bills ranging from $2,534 at the 25th percentile to $5,535 at the 90th percentile. The zip code 18328 has both the highest and lowest median tax bill, which is $3,373.
Property Tax Assessment Values Across Dingmans Ferry, Pennsylvania
Source: Ownwell
$71,900
$130,413
$188,925
Average Dingmans Ferry Assessed Value
$89,640
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 Dingmans Ferry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18328 | $52,180 | $67,842 | $89,640 | $115,518 | $146,932 |
Source: Ownwell
Property Tax Bills Across Dingmans Ferry, Pennsylvania
In Dingmans Ferry, located in Pike County, PA, property tax bills are calculated based on the assessed value of your home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine your annual tax bill. For instance, with the median home price at $89,640, homeowners in this area can expect varying tax bills depending on their property's assessed value and specific factors like location and property size. The tax bill for homeowners in Dingmans Ferry ranges significantly, with the 25th percentile paying around $2,534 and the 75th percentile facing a tax bill of approximately $4,357. At the higher end, the 90th percentile tax bill reaches up to $5,535. These figures highlight how property taxes can impact homeowners differently, potentially influencing decisions on property purchases and long-term investments. Comparing these numbers to the national median property tax rate of 0.99%, it's clear that property taxes in Dingmans Ferry can be a substantial financial consideration for residents.
Average Dingmans Ferry Tax Bill
$3,373
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dingmans Ferry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18328 | $1,972 | $2,534 | $3,373 | $4,357 | $5,535 |
Source: Ownwell