Trexlertown, Pennsylvania Property Taxes
The median property tax rate in Trexlertown, PA is 2.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Trexlertown at $141,000, the typical annual property tax bill reaches $2,865, exceeding the national median of $2,690. Property taxes in Trexlertown 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 Trexlertown'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 Trexlertown 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
Trexlertown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$2,862
Ownwell’s Trexlertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trexlertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trexlertown 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 Trexlertown, Pennsylvania
Property taxes in Trexlertown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trexlertown is 2.03%, significantly higher than the U.S. national median of 0.99%. Local government entities within Trexlertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trexlertown 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 Trexlertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18087 zip code has the highest median property tax rate of 2.03%, while the 18087 zip code has the lowest median tax rate of 2.03%. Understanding how these cities compare with Trexlertown 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 Trexlertown Tax Rate
2.03%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trexlertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18087 | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Trexlertown, Pennsylvania
In Trexlertown, 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 Trexlertown, 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 Trexlertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18087 has the highest median tax bill at $2,865, which is above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Trexlertown, Pennsylvania
Source: Ownwell
$13,900
$148,250
$282,600
Average Trexlertown Assessed Value
$141,000
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 Trexlertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18087 | $30,500 | $35,600 | $141,000 | $198,950 | $232,080 |
Source: Ownwell
Property Tax Bills Across Trexlertown, Pennsylvania
In Trexlertown, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Lehigh County assessment office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Trexlertown pay property taxes that can vary significantly. For instance, the median home price in the area is $141,000, and the tax bills range widely, from the 25th percentile at $707 to the 90th percentile at $4,687. The highest median tax bill in the region is $2,865, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential services such as public schools, infrastructure, and emergency services. Consequently, higher tax bills can affect homeowners by increasing their overall cost of living, but they also contribute to maintaining and improving community services and amenities.
Average Trexlertown Tax Bill
$2,865
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Trexlertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18087 | $620 | $707 | $2,865 | $4,036 | $4,687 |
Source: Ownwell