Analomink, Pennsylvania Property Taxes
The median property tax rate in Analomink, PA is 0.60%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Analomink at $118,190, the typical annual property tax bill is $729, well below the national median of $2,690. Property taxes in Analomink are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Analomink'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 Analomink or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Analomink, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.6%
Estimate Property Tax Bill
$709
Ownwell’s Analomink Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Analomink with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Analomink 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 Analomink, Pennsylvania
Property taxes in Analomink, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Analomink is 0.60%, which is lower than the U.S. national median of 0.99%. Local government entities within Analomink set these rates annually, and they can vary significantly across different neighborhoods. Each year, Analomink 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 Analomink's effective property tax rate to other areas in Monroe County and the national median. For comparison, the 18320 zip code has the same median property tax rate of 0.60%. Understanding how these areas compare with Analomink provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Analomink Tax Rate
0.60%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Analomink, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18320 | 0.59% | 0.60% | 0.60% | 0.60% | 3.86% |
Source: Ownwell
Property Tax Assessment Values Across Analomink, Pennsylvania
In Analomink, 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 Monroe County 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 Analomink, 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 Analomink helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $729, found in the 18320 zip code.
Property Tax Assessment Values Across Analomink, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Analomink Assessed Value
$118,190
Average Monroe County Assessed Value
$134,550
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Analomink, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18320 | $82,422 | $95,910 | $118,190 | $137,020 | $165,132 |
Source: Ownwell
Property Tax Bills Across Analomink, Pennsylvania
In Analomink, Monroe 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 is meant to reflect the market value of the property. Homeowners in Analomink typically see a wide range in their tax bills, from the 25th percentile at $573 to the 75th percentile at $938, with the 90th percentile reaching as high as $5,076. This variance is influenced by factors such as property size, location, and improvements. The median home price in Analomink is $118,190, which serves as a baseline for many tax assessments. Compared to the national median property tax rate of 0.99%, the tax rates in Monroe County can have a significant impact on homeowners' annual expenses. Understanding how these factors interplay helps homeowners anticipate their financial obligations and consider potential savings through appeals or exemptions.
Average Analomink Tax Bill
$729
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Analomink, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18320 | $485 | $573 | $729 | $938 | $5,076 |
Source: Ownwell