Pitman, Pennsylvania Property Taxes
The median property tax rate in Pitman, PA is 2.76%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Pitman, the typical annual property tax bill reaches $1,753, which is below the national median of $2,690. Property taxes in Pitman 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 Pitman'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 Pitman 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
Pitman, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.76%
Estimate Property Tax Bill
$1,746
Ownwell’s Pitman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pitman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pitman 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 Pitman, Pennsylvania
Property taxes in Pitman, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pitman is 2.76%, significantly higher than the U.S. national median of 0.99%. Local government entities within Pitman set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pitman 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 Pitman's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17964 zip code has both the highest and lowest median property tax rate of 2.76%. Understanding how these areas compare with Pitman 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 Pitman Tax Rate
2.76%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pitman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17964 | 2.76% | 2.76% | 2.76% | 2.76% | 2.76% |
Source: Ownwell
Property Tax Assessment Values Across Pitman, Pennsylvania
In Pitman, 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 Pitman, 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. For instance, the median home price in Pitman is $63,245, with tax bills ranging from $1,207 at the 25th percentile to $3,378 at the 90th percentile. The highest and lowest median tax bills are both $1,753 in zip code 17964. By understanding 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 Pitman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Pitman Assessed Value
$63,245
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 Pitman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17964 | $30,903 | $43,652 | $63,245 | $92,815 | $122,019 |
Source: Ownwell
Property Tax Bills Across Pitman, Pennsylvania
In Pitman, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the Schuylkill County assessor's office and is intended to reflect the market value of the property. This value is then multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Pitman, the median home price is $63,245. Homeowners in the 25th percentile can expect to pay around $1,207 annually, while those in the 75th percentile might see bills closer to $2,572. At the higher end, the 90th percentile tax bill reaches $3,378. This range of tax bills highlights how property values and tax rates can significantly impact the financial responsibilities of homeowners. Compared to the national median property tax rate of 0.99%, Pitman's tax rates can result in varying financial obligations, emphasizing the importance of understanding local property tax assessments and their implications.
Average Pitman Tax Bill
$1,753
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pitman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17964 | $857 | $1,207 | $1,753 | $2,572 | $3,378 |
Source: Ownwell