Shartlesville, Pennsylvania Property Taxes
The median property tax rate in Shartlesville, PA is 3.61%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Shartlesville at $66,650, the typical annual property tax bill reaches $2,406, which is below the national median of $2,690. Property taxes in Shartlesville 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 Shartlesville'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 Shartlesville or another part of Berks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shartlesville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$2,406
Ownwell’s Shartlesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shartlesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shartlesville 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 Shartlesville, Pennsylvania
Property taxes in Shartlesville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shartlesville is 3.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shartlesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shartlesville 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 Shartlesville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19554 zip code has the highest median property tax rate of 3.61%, while the 19554 zip code also has the lowest median tax rate of 3.61%. Understanding how these cities compare with Shartlesville 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 Shartlesville Tax Rate
3.61%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shartlesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19554 | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Shartlesville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Shartlesville, PA. 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 authorities 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. Assessment notices in Shartlesville 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 Shartlesville stands at $66,650. Homeowners in the 25th percentile can expect a tax bill around $2,161, while those in the 75th percentile may see bills about $3,376. The highest and lowest median tax bills, both at $2,406, are found in the 19554 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Shartlesville, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Shartlesville Assessed Value
$66,650
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 Shartlesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19554 | $45,570 | $59,875 | $66,650 | $95,775 | $139,150 |
Source: Ownwell
Property Tax Bills Across Shartlesville, Pennsylvania
In Shartlesville, located in Berks County, 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 local authorities and is a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, in Shartlesville, the median home price is $66,650, and the tax bill can vary significantly. Homeowners in the 25th percentile may see tax bills around $2,161, while those in the 75th percentile could pay approximately $3,376. At the 90th percentile, tax bills can reach up to $5,124. These variations highlight how property values and the corresponding tax rates impact homeowners differently. Compared to the national median property tax rate of 0.99%, Shartlesville's rates can be relatively higher or lower, affecting the overall affordability and financial planning for residents. Understanding these factors is crucial for homeowners to budget effectively and anticipate potential changes in their tax obligations.
Average Shartlesville Tax Bill
$2,406
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shartlesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19554 | $1,645 | $2,161 | $2,406 | $3,376 | $5,124 |
Source: Ownwell