Mountainhome, Pennsylvania Property Taxes
The median property tax rate in Mountainhome, PA is 0.58%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $165,675 in Mountainhome, the typical annual property tax bill amounts to $1,007, which is well below the national median of $2,690. Property taxes in Mountainhome are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mountainhome’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 Mountainhome 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
Mountainhome, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$961
Ownwell’s Mountainhome Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mountainhome with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mountainhome 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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mountainhome, Pennsylvania
Property taxes in Mountainhome, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mountainhome is 0.58%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mountainhome set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mountainhome 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 Mountainhome's effective property tax rate to other areas in Monroe County and the national median. For comparison, the zip code 18342 has both the highest and lowest median property tax rate of 0.58%. Understanding how these areas compare with Mountainhome 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 Mountainhome Tax Rate
0.58%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mountainhome, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18342 | 0.58% | 0.58% | 0.58% | 0.58% | 1.24% |
Source: Ownwell
Property Tax Assessment Values Across Mountainhome, Pennsylvania
In Mountainhome, 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 Mountainhome, 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 Mountainhome helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Monroe County is $165,675, with tax bills ranging from $626 at the 25th percentile to $2,177 at the 90th percentile. The zip code 18342 has both the highest and lowest median tax bill at $1,007.
Property Tax Assessment Values Across Mountainhome, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Mountainhome Assessed Value
$165,675
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 Mountainhome, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18342 | $67,583 | $107,615 | $165,675 | $180,132 | $194,024 |
Source: Ownwell
Property Tax Bills Across Mountainhome, Pennsylvania
Property tax bills in Mountainhome, Monroe County, PA, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Mountainhome, the median home price is $165,675. The tax bills vary significantly, with the 25th percentile at $626 and the 75th percentile at $1,126, reflecting the diversity in property values and assessments within the area. At the higher end, the 90th percentile tax bill reaches $2,177, indicating that some property owners face considerably higher taxes. Compared to the national median property tax rate of 0.99%, Mountainhome's property tax bills can be relatively moderate or quite substantial, depending on the property’s assessed value. This variability can affect homeowners' financial planning, influencing decisions on property investments and long-term residency. The highest and lowest median tax bills in the area are both recorded at $1,007, demonstrating a level of consistency within certain neighborhoods.
Average Mountainhome Tax Bill
$1,007
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mountainhome, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18342 | $393 | $626 | $1,007 | $1,126 | $2,177 |
Source: Ownwell