Poyntelle, Pennsylvania Property Taxes
The median property tax rate in Poyntelle, PA is 2.31%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Poyntelle at $164,600, the typical annual property tax bill reaches $3,804, exceeding the national median of $2,690. Property taxes in Poyntelle 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 Poyntelle'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 Poyntelle 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
Poyntelle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.31%
Estimate Property Tax Bill
$3,802
Ownwell’s Poyntelle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Poyntelle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Poyntelle 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 Poyntelle, Pennsylvania
Property taxes in Poyntelle, Pennsylvania, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Poyntelle is 2.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Poyntelle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Poyntelle 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 Poyntelle's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18454 has both the highest and lowest median property tax rate of 2.31%. Understanding how these cities compare with Poyntelle provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Poyntelle Tax Rate
2.31%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Poyntelle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18454 | 2.31% | 2.31% | 2.31% | 2.31% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Poyntelle, Pennsylvania
In Poyntelle, 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 Wayne 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 Poyntelle, 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. For example, the median home price in Poyntelle is $164,600, with tax bills ranging from $1,707 at the 25th percentile to $5,473 at the 75th percentile. The zip code with the highest median tax bill is 18454, amounting to $3,804. Being aware of these valuation processes in Poyntelle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Poyntelle Assessed Value
$164,600
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Poyntelle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18454 | $27,000 | $73,850 | $164,600 | $236,850 | $284,740 |
Source: Ownwell
Property Tax Bills Across Poyntelle, Pennsylvania
In Poyntelle, Wayne County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the county's property tax rate to determine the annual tax bill. For instance, with a median home price of $164,600, homeowners in Poyntelle can expect varying tax bills. The 25th percentile tax bill is around $1,707, while the 75th percentile reaches up to $5,473, and the 90th percentile can be as high as $6,580. These tax bills significantly impact homeowners, influencing their overall cost of living and potentially affecting property values. Compared to the national median property tax rate of 0.99%, homeowners in Poyntelle may experience higher or lower tax burdens depending on their property's assessed value and the specific tax rate applied. This variability underscores the importance of understanding local property tax regulations and how they affect financial planning for homeowners in the area.
Average Poyntelle Tax Bill
$3,804
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Poyntelle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18454 | $624 | $1,707 | $3,804 | $5,473 | $6,580 |
Source: Ownwell