Eagles Mere, Pennsylvania Property Taxes
The median property tax rate in Eagles Mere, PA is 1.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Eagles Mere at $389,760, the typical annual property tax bill reaches $4,698, exceeding the national median of $2,690. Property taxes in Eagles Mere 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 Eagles Mere'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 Eagles Mere 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
Eagles Mere, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.21%
Estimate Property Tax Bill
$4,716
Ownwell’s Eagles Mere Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Eagles Mere with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Eagles Mere 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 Eagles Mere, Pennsylvania
Property taxes in Eagles Mere, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Eagles Mere is 1.21%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Eagles Mere set these rates annually, and they can vary significantly across different neighborhoods. Each year, Eagles Mere 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 Eagles Mere's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17731 in Sullivan County has the highest median property tax rate of 1.21%, while the same zip code also has the lowest median tax rate of 1.21%. Understanding how these cities compare with Eagles Mere provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Eagles Mere Tax Rate
1.21%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Eagles Mere, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17731 | 1.21% | 1.21% | 1.21% | 1.21% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Eagles Mere, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Eagles Mere, Pennsylvania. 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 Sullivan 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 Eagles Mere, 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 the area is $389,760, with property tax bills ranging from $3,766 at the 25th percentile to $9,668 at the 90th percentile. The zip code 17731 has the highest and lowest median tax bill of $4,698. 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 Eagles Mere helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Eagles Mere, Pennsylvania
Source: Ownwell
$64,344
$227,052
$389,760
Average Eagles Mere Assessed Value
$389,760
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Eagles Mere, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17731 | $222,970 | $312,480 | $389,760 | $542,136 | $802,066 |
Source: Ownwell
Property Tax Bills Across Eagles Mere, Pennsylvania
In Eagles Mere, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. The assessed value is a percentage of the market value of the property. Sullivan County's property tax rate is then applied to this assessed value to calculate the annual tax bill. For homeowners in Eagles Mere, the median home price is $389,760. The property tax bill for the 25th percentile is $3,766, while for the 75th percentile, it rises to $6,519. At the 90th percentile, homeowners can expect to pay around $9,668. These figures show a broad range of tax bills, reflecting the variety in property values within the area. Comparatively, the national median property tax rate is 0.99%, making Eagles Mere's property taxes relatively high. This can significantly impact homeowners, influencing decisions on buying, selling, or investing in property within the region. Understanding these factors is crucial for financial planning and long-term investment in the community.
Average Eagles Mere Tax Bill
$4,698
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Eagles Mere, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17731 | $2,633 | $3,766 | $4,698 | $6,519 | $9,668 |
Source: Ownwell