Nescopeck, Pennsylvania Property Taxes
The median property tax rate in Nescopeck, PA is 3.18%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Nescopeck, the typical annual property tax bill reaches $2,334, which is below the national median of $2,690. Property taxes in Nescopeck 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 Nescopeck'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 Nescopeck 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
Nescopeck, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.18%
Estimate Property Tax Bill
$2,333
Ownwell’s NESCOPECK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NESCOPECK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NESCOPECK 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 Nescopeck, Pennsylvania
Property taxes in Nescopeck, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nescopeck is 1.49%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Nescopeck set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nescopeck 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 Nescopeck's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18635 zip code has the highest median property tax rate of 1.49%, while the 18635 zip code also has the lowest median tax rate of 1.49%. Understanding how these cities compare with Nescopeck provides valuable insights into the varying tax landscape across Columbia County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Nescopeck Tax Rate
3.18%
Average Columbia County Tax Rate
3.65%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nescopeck, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18635 | 3.18% | 3.18% | 3.18% | 3.18% | 3.18% |
Source: Ownwell
Property Tax Assessment Values Across Nescopeck, Pennsylvania
In Nescopeck, 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 Columbia 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 Nescopeck, 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 Nescopeck helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Nescopeck, the median home price is $73,372. The zip code with the highest median tax bill is 18635, amounting to $2,334, which is above the national median property tax rate of 0.99%. The same zip code also has the lowest median tax bill at $2,334.
Average Nescopeck Assessed Value
$73,372
Average Columbia County Assessed Value
$60,804
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Nescopeck, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18635 | $34,862 | $53,051 | $73,372 | $99,523 | $131,216 |
Source: Ownwell
Property Tax Bills Across Nescopeck, Pennsylvania
In Nescopeck, Columbia County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, locally known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. Factors such as the size, condition, and location of the property can influence its assessed value. For instance, the median home price in Nescopeck is $73,372, and property tax bills can vary significantly. Homeowners in the 25th percentile pay around $1,687, while those in the 75th percentile face bills of about $3,165. At the 90th percentile, tax bills can reach up to $4,173. This variability affects homeowners differently, with higher-valued properties incurring more substantial tax obligations. Comparing these figures to the national median property tax rate of 0.99%, Nescopeck's property taxes can be seen as relatively high, impacting the financial planning and budgeting of its residents.
Average Nescopeck Tax Bill
$2,334
Average Columbia County Tax Bill
$2,229
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nescopeck, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18635 | $1,109 | $1,687 | $2,334 | $3,165 | $4,173 |
Source: Ownwell