Pocono Manor, Pennsylvania Property Taxes
The median property tax rate in Pocono Manor, PA is 0.70%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $281,190 in Pocono Manor, the typical annual property tax bill amounts to $2,004, which is below the national median of $2,690. Property taxes in Pocono Manor 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 Pocono Manor'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 Pocono Manor 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
Pocono Manor, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,968
Ownwell’s Pocono Manor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocono Manor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocono Manor 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 Pocono Manor, Pennsylvania
Property taxes in Pocono Manor, Pennsylvania, are essential for funding critical local services, including public schools, road maintenance, and emergency services. The median tax rate in Pocono Manor is 0.70%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pocono Manor determine these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocono Manor 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 Pocono Manor's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18349 has the highest median property tax rate of 0.70%, while the same zip code also has the lowest median tax rate of 0.70%. Understanding how these areas compare with Pocono Manor 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 Pocono Manor Tax Rate
0.70%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Pocono Manor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18349 | 0.69% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Pocono Manor, Pennsylvania
In Pocono Manor, 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. Assessment notices in Pocono Manor 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 Pocono Manor helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Pocono Manor are both $2004, found in the 18349 zip code.
Property Tax Assessment Values Across Pocono Manor, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Pocono Manor Assessed Value
$281,190
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 Pocono Manor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18349 | $159,804 | $204,480 | $281,190 | $326,830 | $429,094 |
Source: Ownwell
Property Tax Bills Across Pocono Manor, Pennsylvania
In Pocono Manor, 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 Monroe County assessor's office and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $281,190, homeowners in Pocono Manor can expect their tax bills to vary significantly. The tax bill at the 25th percentile is $1,496, while at the 75th percentile, it rises to $2,443. At the 90th percentile, it can reach up to $3,068. The highest median tax bill in the area is $2,004, which is notably higher than the national median property tax rate of 0.99%. These taxes fund essential public services, including schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners in Pocono Manor.
Average Pocono Manor Tax Bill
$2,004
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocono Manor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18349 | $1,123 | $1,496 | $2,004 | $2,443 | $3,068 |
Source: Ownwell