Pocono Pines, Pennsylvania Property Taxes
The median property tax rate in Pocono Pines, PA is 0.52%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $232,270 in Pocono Pines, the typical annual property tax bill comes to $1,267, which is well below the national median of $2,690. Property taxes in Pocono Pines 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 Pocono Pines' 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 Pines or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocono Pines, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$1,208
Ownwell’s Pocono Pines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocono Pines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocono Pines 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 Pines, Pennsylvania
Property taxes in Pocono Pines, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocono Pines is 0.52%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pocono Pines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocono Pines 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 Pines' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18350 has both the highest and lowest median property tax rate of 0.52%. Understanding how these areas compare with Pocono Pines 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 Pines Tax Rate
0.52%
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 Pines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18350 | 0.52% | 0.52% | 0.52% | 0.52% | 0.73% |
Source: Ownwell
Property Tax Assessment Values Across Pocono Pines, Pennsylvania
In Pocono Pines, 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 Pocono Pines, 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. The median home price here is $232,270, with tax bills varying significantly. For example, the 25th percentile tax bill is $958, while the 75th percentile reaches $1,866, and the 90th percentile can go up to $3,813. Notably, the zip code with both the highest and lowest median tax bill is 18350, with a median tax bill of $1,267. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Pocono Pines, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Pocono Pines Assessed Value
$232,270
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 Pines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18350 | $125,320 | $181,770 | $232,270 | $306,170 | $434,622 |
Source: Ownwell
Property Tax Bills Across Pocono Pines, Pennsylvania
In Pocono Pines, located in Monroe County, PA, property tax bills 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 property tax rate to determine the annual tax bill. For homeowners, several factors influence the final amount they owe, including property size, location, and any improvements made to the property. The median home price in Pocono Pines is $232,270. Homeowners in the 25th percentile can expect to pay around $958 annually in property taxes, while those in the 75th percentile see bills closer to $1,866. The top 10% of property tax bills in the area can reach up to $3,813. Comparatively, the highest and lowest median tax bills in the region are both $1,267 in the 18350 zip code. This variability in tax bills affects homeowners by influencing their overall cost of living and potentially impacting property values and marketability.
Average Pocono Pines Tax Bill
$1,267
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocono Pines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18350 | $669 | $958 | $1,267 | $1,866 | $3,813 |
Source: Ownwell