Topton, Pennsylvania Property Taxes
The median property tax rate in Topton, PA is 4.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Topton, the typical annual property tax bill reaches $3,380, exceeding the national median of $2,690. Property taxes in Topton 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 Topton'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 Topton 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
Topton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.22%
Estimate Property Tax Bill
$3,393
Ownwell’s Topton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Topton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Topton 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 Topton, Pennsylvania
Property taxes in Topton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Topton is 4.22%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Topton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Topton 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 Topton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19562 has the highest median property tax rate of 4.22%, while the same zip code also has the lowest median tax rate of 4.22%. Understanding how these areas compare with Topton 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 Topton Tax Rate
4.22%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Topton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19562 | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Topton, Pennsylvania
In Topton, 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 Appraisal District 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 Topton, 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 Topton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19562 has both the highest and lowest median tax bill, valued at $3,380.
Average Topton Assessed Value
$80,400
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 Topton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19562 | $57,090 | $66,500 | $80,400 | $103,650 | $138,580 |
Source: Ownwell
Property Tax Bills Across Topton, Pennsylvania
In Topton, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Topton is $80,400. Homeowners in this area can expect a median property tax bill around $3,380, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, the local tax rate, and any applicable exemptions or appeals that might lower the tax burden. For example, tax bills in Topton range from $2,791 at the 25th percentile to $4,368 at the 75th percentile, with the 90th percentile reaching as high as $5,854. This variability affects homeowners differently, depending on their property's assessed value and eligibility for exemptions. Understanding these factors can help homeowners anticipate their tax obligations and plan their finances accordingly.
Average Topton Tax Bill
$3,380
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Topton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19562 | $2,502 | $2,791 | $3,380 | $4,368 | $5,854 |
Source: Ownwell