Tamaqua, Pennsylvania Property Taxes
The median property tax rate in Tamaqua, PA is 4.04%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Tamaqua at $48,414, the typical annual property tax bill reaches $1,841, which is below the national median of $2,690. Property taxes in Tamaqua are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tamaqua'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 Tamaqua 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
Tamaqua, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.04%
Estimate Property Tax Bill
$1,956
Ownwell’s Tamaqua Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tamaqua with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tamaqua 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 Tamaqua, Pennsylvania
Property taxes in Tamaqua, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tamaqua is 4.04%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tamaqua set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tamaqua 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 Tamaqua's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18252 zip code has the highest median property tax rate of 4.04%, while the same zip code also has the lowest median tax rate of 4.04%. Understanding how these cities compare with Tamaqua 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 Tamaqua Tax Rate
4.04%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tamaqua, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18252 | 3.08% | 3.14% | 4.04% | 4.05% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Tamaqua, Pennsylvania
In Tamaqua, 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 Tamaqua, 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 Tamaqua helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the median tax bill in the zip code 18252 is $1,841.
Average Tamaqua Assessed Value
$48,414
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 Tamaqua, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18252 | $26,134 | $32,740 | $48,414 | $88,660 | $128,961 |
Source: Ownwell
Property Tax Bills Across Tamaqua, Pennsylvania
In Tamaqua, Schuylkill County, PA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. For example, if your home’s market value is $48,414, the assessed value will be a portion of that amount. The local tax rate is then applied to the assessed value to determine your annual property tax bill. In Tamaqua, the tax bills vary significantly, with the 25th percentile at $1,305 and the 75th percentile at $2,985. The highest median tax bill in the area is $1,841. This means that homeowners in Tamaqua can expect to pay anywhere from $1,305 to $4,184 depending on their property’s assessed value and any applicable exemptions. Understanding these factors is crucial for homeowners as property taxes can significantly impact annual housing costs, making it important to stay informed and consider appealing if you believe your assessment is too high.
Average Tamaqua Tax Bill
$1,841
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tamaqua, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18252 | $1,046 | $1,305 | $1,841 | $2,985 | $4,184 |
Source: Ownwell