Mount Pocono, Pennsylvania Property Taxes
The median property tax rate in Mount Pocono, PA is 0.97%, slightly below the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With the median home value in Mount Pocono, the typical annual property tax bill is $1,178, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mount Pocono'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 Mount Pocono 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
Mount Pocono, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.97%
Estimate Property Tax Bill
$1,177
Ownwell’s Mount Pocono Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mount Pocono with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mount Pocono 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 Mount Pocono, Pennsylvania
Property taxes in Mount Pocono, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Pocono is 0.97%, slightly lower than the U.S. national median of 0.99%. Local government entities within Mount Pocono set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Pocono 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 Mount Pocono's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Monroe County is also 0.97%, while the lowest median tax rate is 0.97%. Understanding how these cities compare with Mount Pocono 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 Mount Pocono Tax Rate
0.97%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Pocono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18344 | 0.73% | 0.97% | 0.97% | 0.97% | 0.97% |
Source: Ownwell
Property Tax Assessment Values Across Mount Pocono, Pennsylvania
In Mount Pocono, 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 Mount Pocono, 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 Mount Pocono 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 18344, with a median tax bill of $1,178.
Property Tax Assessment Values Across Mount Pocono, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Mount Pocono Assessed Value
$121,320
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 Mount Pocono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18344 | $47,870 | $73,630 | $121,320 | $155,160 | $193,058 |
Source: Ownwell
Property Tax Bills Across Mount Pocono, Pennsylvania
In Mount Pocono, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by Monroe County's assessment office, which estimates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Mount Pocono experience varying tax bills, with the 25th percentile paying around $652 annually, while those in the 75th percentile see bills closer to $1,566. The 90th percentile faces even higher taxes, with bills reaching up to $2,201. Compared to the national median property tax rate of 0.99%, Mount Pocono's tax rates reflect the local economic conditions and funding needs for public services. These property taxes significantly impact homeowners, influencing their overall cost of living and potentially affecting property values and market dynamics in the area.
Average Mount Pocono Tax Bill
$1,178
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Pocono, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18344 | $454 | $652 | $1,178 | $1,566 | $2,201 |
Source: Ownwell