Nesquehoning, Pennsylvania Property Taxes
The median property tax rate in Nesquehoning, PA is 3.14%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nesquehoning, the typical annual property tax bill reaches $4,228, exceeding the national median of $2,690. Property taxes in Nesquehoning 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 Nesquehoning'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 Nesquehoning 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
Nesquehoning, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$4,230
Ownwell’s Nesquehoning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Nesquehoning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Nesquehoning 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 Nesquehoning, Pennsylvania
Property taxes in Nesquehoning, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nesquehoning is 3.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nesquehoning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nesquehoning 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 Nesquehoning's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18240 has both the highest and lowest median property tax rate of 3.14%. Understanding how these areas compare with Nesquehoning provides valuable insights into the varying tax landscape across Schuylkill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nesquehoning Tax Rate
3.14%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | 3.14% | 3.14% | 3.14% | 3.14% | 3.14% |
Source: Ownwell
Property Tax Assessment Values Across Nesquehoning, Pennsylvania
In Nesquehoning, 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 Schuylkill 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 Nesquehoning, 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 Nesquehoning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Nesquehoning is $134,711, with the highest and lowest median tax bills both at $4,228 in the 18240 zip code.
Property Tax Assessment Values Across Nesquehoning, Pennsylvania
Source: Ownwell
$9,495
$82,393
$155,290
Average Nesquehoning Assessed Value
$134,711
Average Schuylkill County Assessed Value
$47,370
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | $82,711 | $106,635 | $134,711 | $184,569 | $259,852 |
Source: Ownwell
Property Tax Bills Across Nesquehoning, Pennsylvania
In Nesquehoning, property tax bills are calculated based on the assessed value of a home, which is determined by the Schuylkill County tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors influencing the tax bill include the property's size, location, and market conditions. For homeowners, this means that the property tax bill can vary significantly. For example, in Nesquehoning, the 25th percentile tax bill is $3,347, while the 75th percentile tax bill rises to $5,793, and the 90th percentile tax bill reaches $8,155. The median home price in this area is $134,711, which can help homeowners estimate their potential tax liability. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Nesquehoning to understand their local tax rates and how they measure up against national averages. This knowledge can help them plan their finances better and anticipate changes in their annual tax obligations.
Average Nesquehoning Tax Bill
$4,228
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nesquehoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18240 | $2,596 | $3,347 | $4,228 | $5,793 | $8,155 |
Source: Ownwell