Gilbert, Pennsylvania Property Taxes
The median property tax rate in Gilbert, PA is 0.59%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $144,300 in Gilbert, the typical annual property tax bill is $713, well below the national median of $2,690. Property taxes in Gilbert are calculated based on the tax assessed value, which is often less than the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Gilbert's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Gilbert or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Gilbert, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.59%
Estimate Property Tax Bill
$851
Ownwell’s Gilbert Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Gilbert with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Gilbert 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 Gilbert, Pennsylvania
Property taxes in Gilbert, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Gilbert is 0.59%, lower than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Gilbert set these rates annually, and they can vary significantly across different neighborhoods. Each year, Gilbert 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 Gilbert's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18331 zip code has both the highest and lowest median property tax rate of 0.59%. Understanding how these areas compare with Gilbert 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 Gilbert 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 Gilbert, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18331 | 0.38% | 0.38% | 0.59% | 0.59% | 0.80% |
Source: Ownwell
Property Tax Assessment Values Across Gilbert, Pennsylvania
In Gilbert, 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 Gilbert, 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 Gilbert helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Gilbert are both $713, found in zip code 18331.
Average Gilbert Assessed Value
$144,300
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 Gilbert, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18331 | $47,914 | $107,452 | $144,300 | $196,020 | $254,470 |
Source: Ownwell
Property Tax Bills Across Gilbert, Pennsylvania
In Gilbert, Monroe County, PA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. Homeowners in Gilbert can expect a range of tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is around $499, while the 75th percentile tax bill reaches $1,084. At the higher end, the 90th percentile tax bill can be as much as $2,555. Several factors influence the tax bill, including the property's location, size, and any improvements made. These taxes fund essential public services like schools, road maintenance, and emergency services, directly impacting the community's quality of life. Compared to the national median property tax rate of 0.99%, Gilbert's tax rates reflect the area's specific needs and property values. Homeowners should be aware of these factors to better understand their annual tax obligations and plan their finances accordingly.
Average Gilbert Tax Bill
$713
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Gilbert, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18331 | $284 | $499 | $713 | $1,084 | $2,555 |
Source: Ownwell