North East, Pennsylvania Property Taxes
The median property tax rate in North East, PA is 2.20%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in North East, the typical annual property tax bill reaches $2,754, exceeding the national median of $2,690. Property taxes in North East 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 North East'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 North East 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
North East, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$2,532
Ownwell’s North East Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North East with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North East 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 North East, Pennsylvania
Property taxes in North East, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North East is 2.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within North East set these rates annually, and they can vary significantly across different neighborhoods. Each year, North East 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 North East's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16428 zip code has the highest median property tax rate of 2.20%, while the same 16428 zip code also has the lowest median tax rate of 2.20%. Understanding how these cities compare with North East provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average North East Tax Rate
2.20%
Average Erie County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across North East, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16428 | 2.20% | 2.20% | 2.20% | 2.57% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across North East, Pennsylvania
In North East, 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 Erie 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 North East, 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. For instance, the median home price in North East is $115,100, with tax bills ranging from $2,050 at the 25th percentile to $4,833 at the 90th percentile. 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 North East helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across North East, Pennsylvania
Source: Ownwell
$33,860
$103,725
$173,590
Average North East Assessed Value
$115,100
Average Erie County Assessed Value
$98,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across North East, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16428 | $18,460 | $85,150 | $115,100 | $153,150 | $206,440 |
Source: Ownwell
Property Tax Bills Across North East, Pennsylvania
In North East, Erie County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or changes made to the property. For homeowners in North East, the median home price is $115,100, with property tax bills ranging significantly. At the 25th percentile, homeowners can expect a tax bill around $2,050, while those at the 75th percentile might see bills as high as $3,586. At the 90th percentile, tax bills can reach up to $4,833. Comparatively, the median property tax bill in North East, zip code 16428, stands at $2,754, which is notably higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average North East Tax Bill
$2,754
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across North East, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16428 | $448 | $2,050 | $2,754 | $3,586 | $4,833 |
Source: Ownwell