Effort, Pennsylvania Property Taxes
The median property tax rate in Effort, PA is 0.59%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $136,965 in Effort, the typical annual property tax bill amounts to $809, which is well below the national median of $2,690. Property taxes in Effort are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Effort'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 Effort or another part of Monroe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Effort, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$808
Ownwell’s EFFORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in EFFORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in EFFORT 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 Effort, Pennsylvania
Property taxes in Effort, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Effort is 0.59%, which is lower than the U.S. national median of 0.99%. Local government entities within Effort set these rates annually, and they can vary significantly across different neighborhoods. Each year, Effort 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 Effort's effective property tax rate to other areas in Monroe County and the national median. For comparison, the zip code 18330 has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Effort 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 Effort Tax Rate
0.59%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Effort, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18330 | 0.52% | 0.59% | 0.59% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Effort, Pennsylvania
In Effort, 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 Monroe 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 Effort, 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 Effort helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Effort is $136,965, with annual tax bills ranging from $616 at the 25th percentile to $1,480 at the 90th percentile. Notably, the zip code 18330 has both the highest and lowest median tax bills at $809.
Average Effort Assessed Value
$136,965
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 Effort, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18330 | $67,255 | $106,060 | $136,965 | $175,078 | $213,855 |
Source: Ownwell
Property Tax Bills Across Effort, Pennsylvania
In Effort, 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's assessment office, which estimates the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $136,965, homeowners can expect a tax bill that varies widely. The 25th percentile tax bill is $616, while the 75th percentile reaches $1,074, and the 90th percentile can be as high as $1,480. These variations reflect differences in property values and specific local tax rates. Comparatively, the national median property tax rate is 0.99%, highlighting how local factors influence tax amounts. Homeowners in Effort need to consider these taxes as a significant part of their annual expenses, impacting their overall cost of living and financial planning.
Average Effort Tax Bill
$809
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Effort, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18330 | $427 | $616 | $809 | $1,074 | $1,480 |
Source: Ownwell