Greentown, Pennsylvania Property Taxes
The median property tax rate in Greentown, PA is 2.69%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Greentown, the typical annual property tax bill reaches $2,586, just below the national median of $2,690. Property taxes in Greentown 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 Greentown'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 Greentown 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
Greentown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$2,563
Ownwell’s Greentown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Greentown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Greentown 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 Greentown, Pennsylvania
Property taxes in Greentown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Greentown is 2.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Greentown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Greentown 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 Greentown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18426 zip code has the highest median property tax rate of 2.69%, while the same zip code also has the lowest median tax rate of 2.69%. Understanding how these cities compare with Greentown 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 Greentown Tax Rate
2.69%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Greentown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18426 | 2.68% | 2.68% | 2.69% | 2.69% | 2.69% |
Source: Ownwell
Property Tax Assessment Values Across Greentown, Pennsylvania
In Greentown, 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 Pike County 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 Greentown, 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 Greentown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,586 in the 18426 zip code, while the lowest median tax bill is also $2,586 in the same zip code.
Average Greentown Assessed Value
$95,280
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 Greentown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18426 | $37,539 | $61,700 | $95,280 | $137,643 | $185,071 |
Source: Ownwell
Property Tax Bills Across Greentown, Pennsylvania
In Greentown, located in Pike County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is a percentage of the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors such as property improvements, market trends, and neighborhood changes can influence the assessed value. For a median home price of $95,280, the property tax bill can vary significantly. Homeowners in the 25th percentile pay around $1,674 annually, while those in the 75th percentile face bills closer to $3,758. At the 90th percentile, the tax bill can reach up to $5,013. Comparatively, the national median property tax rate is 0.99%, highlighting that Greentown's property tax rates can be relatively high. These taxes fund essential public services, impacting the overall cost of homeownership and the affordability of living in the area.
Average Greentown Tax Bill
$2,586
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Greentown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18426 | $1,011 | $1,674 | $2,586 | $3,758 | $5,013 |
Source: Ownwell