Slatington, Pennsylvania Property Taxes
The median property tax rate in Slatington, PA is 2.81%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $155,000 in Slatington, the typical annual property tax bill reaches $4,386, far exceeding the national median of $2,690. Property taxes in Slatington are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Slatington'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 Slatington 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
Slatington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.81%
Estimate Property Tax Bill
$4,356
Ownwell’s Slatington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Slatington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Slatington 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 Slatington, Pennsylvania
Property taxes in Slatington, Pennsylvania, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Slatington is 2.81%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Slatington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Slatington 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 Slatington's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18080 has both the highest and lowest median property tax rate of 2.81%. Understanding how these figures compare with Slatington provides valuable insights into the varying tax landscape across Lehigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Slatington Tax Rate
2.81%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Slatington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | 2.03% | 2.81% | 2.81% | 3.40% | 3.40% |
Source: Ownwell
Property Tax Assessment Values Across Slatington, Pennsylvania
In Slatington, 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 Lehigh 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 Slatington, 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 Slatington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 18080, with a median tax bill of $4,386.
Property Tax Assessment Values Across Slatington, Pennsylvania
Source: Ownwell
$13,900
$148,250
$282,600
Average Slatington Assessed Value
$155,000
Average Lehigh County Assessed Value
$166,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Slatington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | $64,270 | $99,750 | $155,000 | $216,400 | $282,700 |
Source: Ownwell
Property Tax Bills Across Slatington, Pennsylvania
In Slatington, Lehigh County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in Slatington can expect a median home price of around $155,000. The property tax rate in this region can lead to varying tax bills, with the 25th percentile tax bill being approximately $3,084 and the 75th percentile reaching up to $5,765. For those in the 90th percentile, tax bills can be as high as $7,114. These tax bills are influenced by factors such as property size, location, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, Slatington's rates can be considered relatively high, impacting homeowners by increasing their annual expenses. This can affect household budgets and the overall affordability of owning a home in this area.
Average Slatington Tax Bill
$4,386
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Slatington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18080 | $1,999 | $3,084 | $4,386 | $5,765 | $7,114 |
Source: Ownwell