Parryville, Pennsylvania Property Taxes
The median property tax rate in Parryville, PA is 3.88%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Parryville, the typical annual property tax bill reaches $2,446, just below the national median of $2,690. Property taxes in Parryville 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 Parryville'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 Parryville 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
Parryville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.88%
Estimate Property Tax Bill
$2,448
Ownwell’s Parryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Parryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Parryville 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 Parryville, Pennsylvania
Property taxes in Parryville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Parryville is 3.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Parryville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Parryville 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 Parryville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18244 has the highest median property tax rate of 3.88%, while the same zip code also has the lowest median tax rate of 3.88%. Understanding how these cities compare with Parryville provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Parryville Tax Rate
3.88%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Parryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18244 | 3.88% | 3.88% | 3.88% | 3.88% | 3.88% |
Source: Ownwell
Property Tax Assessment Values Across Parryville, Pennsylvania
In Parryville, 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 Carbon 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 Parryville, 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 Parryville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $63,100, with tax bills ranging from $1,589 at the 25th percentile to $3,198 at the 75th percentile, and $3,797 at the 90th percentile. The zip code 18244 holds both the highest and lowest median tax bill at $2,446.
Average Parryville Assessed Value
$63,100
Average Carbon County Assessed Value
$80,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Parryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18244 | $13,920 | $41,000 | $63,100 | $82,500 | $97,960 |
Source: Ownwell
Property Tax Bills Across Parryville, Pennsylvania
In Parryville, Carbon County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $63,100, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rates. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Parryville might see tax bills around $1,589 at the 25th percentile, $3,198 at the 75th percentile, and up to $3,797 at the 90th percentile. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Parryville's property tax rates reflect the local government's funding needs and priorities, influencing the overall affordability and cost of living in the area.
Average Parryville Tax Bill
$2,446
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Parryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18244 | $540 | $1,589 | $2,446 | $3,198 | $3,797 |
Source: Ownwell