Gilbertsville, Pennsylvania Property Taxes
The median property tax rate in Gilbertsville, PA is 4.29%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Gilbertsville at $126,800, the typical annual property tax bill reaches $5,440, exceeding the national median of $2,690. Property taxes in Gilbertsville 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 Gilbertsville'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 Gilbertsville 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
Gilbertsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.29%
Estimate Property Tax Bill
$5,440
Ownwell’s Gilbertsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gilbertsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gilbertsville 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 Gilbertsville, Pennsylvania
Property taxes in Gilbertsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilbertsville is 4.29%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Gilbertsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gilbertsville 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. Understanding how these cities compare with Gilbertsville provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Gilbertsville Tax Rate
4.29%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Gilbertsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19525 | 4.26% | 4.26% | 4.29% | 4.29% | 4.29% |
Source: Ownwell
Property Tax Assessment Values Across Gilbertsville, Pennsylvania
In Gilbertsville, 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 Berks 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 Gilbertsville, 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 Gilbertsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $5,440 in the 19525 zip code.
Property Tax Assessment Values Across Gilbertsville, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Gilbertsville Assessed Value
$126,800
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Gilbertsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19525 | $90,520 | $110,000 | $126,800 | $135,600 | $169,120 |
Source: Ownwell
Property Tax Bills Across Gilbertsville, Pennsylvania
In Gilbertsville, PA, 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 Berks County assessor's office and is intended to reflect the market value of the property. Homeowners can expect their tax bill to vary depending on several factors, including the size of their property, its location, and any improvements made. For instance, a median home price in Gilbertsville is $126,800, and the tax bills range significantly. The 25th percentile tax bill is $4,701, while the 75th percentile tax bill is $5,818, and the 90th percentile tax bill reaches $6,827. This shows that property taxes can vary widely even within the same area. Compared to the national median property tax rate of 0.99%, Gilbertsville’s tax bills are relatively high, reflecting the local property values and tax rates. Homeowners need to be aware of these factors as they directly impact their annual financial obligations.
Average Gilbertsville Tax Bill
$5,440
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilbertsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19525 | $3,854 | $4,701 | $5,440 | $5,818 | $6,827 |
Source: Ownwell