Womelsdorf, Pennsylvania Property Taxes
The median property tax rate in Womelsdorf, PA is 3.91%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $94,200 in Womelsdorf, the typical annual property tax bill reaches $3,820, exceeding the national median of $2,690. Property taxes in Womelsdorf 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 Womelsdorf'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 Womelsdorf 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
Womelsdorf, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.91%
Estimate Property Tax Bill
$3,683
Ownwell’s WOMELSDORF Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WOMELSDORF with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WOMELSDORF 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 Womelsdorf, Pennsylvania
Property taxes in Womelsdorf, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Womelsdorf is 3.91%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Womelsdorf set these rates annually, and they can vary significantly across different neighborhoods. Each year, Womelsdorf 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 Womelsdorf's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19567 has the highest median property tax rate of 3.91%, while the same zip code also has the lowest median tax rate of 3.91%. Understanding how these areas compare with Womelsdorf 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 Womelsdorf Tax Rate
3.91%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Womelsdorf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19567 | 3.91% | 3.91% | 3.91% | 4.28% | 4.47% |
Source: Ownwell
Property Tax Assessment Values Across Womelsdorf, Pennsylvania
In Womelsdorf, 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 Womelsdorf, 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 Womelsdorf helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19567 has the highest and lowest median tax bill, both at $3,820.
Property Tax Assessment Values Across Womelsdorf, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Womelsdorf Assessed Value
$94,200
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 Womelsdorf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19567 | $53,520 | $68,500 | $94,200 | $142,600 | $198,980 |
Source: Ownwell
Property Tax Bills Across Womelsdorf, Pennsylvania
Property tax bills in Womelsdorf, Berks County, PA, are determined based on the assessed value of a property, which is a percentage of its market value. Homeowners in this area encounter varying property tax bills, with the 25th percentile at $2,708 and the 75th percentile reaching $5,692. Factors influencing these bills include the property's assessed value, local millage rates, and any applicable exemptions. The highest median tax bill in the area is $3,820, which is notably higher than the national median property tax rate of 0.99%. For homeowners, these tax bills can have a significant impact on their annual expenses. A median home price of $94,200 means that property taxes can represent a substantial portion of homeownership costs. Understanding how these taxes are calculated and what factors contribute to the final bill can help homeowners better manage their finances and plan for future expenses. Accurate assessments and awareness of local tax rates are crucial for budgeting and financial planning.
Average Womelsdorf Tax Bill
$3,820
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Womelsdorf, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19567 | $2,097 | $2,708 | $3,820 | $5,692 | $8,057 |
Source: Ownwell