Reeders, Pennsylvania Property Taxes
The median property tax rate in Reeders, PA is 0.50%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Reeders at $154,295, the typical annual property tax bill comes to $802, well below the national median of $2,690. Property taxes in Reeders 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 Reeders' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Reeders 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
Reeders, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.5%
Estimate Property Tax Bill
$771
Ownwell’s Reeders Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reeders with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reeders 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 Reeders, Pennsylvania
Property taxes in Reeders, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reeders is 0.50%, which is lower than the U.S. national median of 0.99%. Local government entities within Reeders set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reeders 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 Reeders' effective property tax rate to other areas in Monroe County and the national median. For comparison, the zip code 18352 has both the highest and lowest median property tax rate of 0.50%. Understanding how these areas compare with Reeders 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 Reeders Tax Rate
0.50%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reeders, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18352 | 0.50% | 0.50% | 0.50% | 0.50% | 2.59% |
Source: Ownwell
Property Tax Assessment Values Across Reeders, Pennsylvania
In Reeders, 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 Reeders, 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. For example, the median home price in Reeders is $154,295, with tax bills ranging from $697 at the 25th percentile to $1,208 at the 75th percentile, and up to $3,931 at the 90th percentile. Notably, the highest and lowest median tax bill in the area is $802, both in the 18352 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Reeders Assessed Value
$154,295
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 Reeders, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18352 | $109,310 | $133,945 | $154,295 | $181,145 | $227,547 |
Source: Ownwell
Property Tax Bills Across Reeders, Pennsylvania
In Reeders, Monroe County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $154,295, homeowners can expect their property tax bill to vary significantly. The 25th percentile tax bill is around $697, while the 75th percentile tax bill is approximately $1,208. At the higher end, the 90th percentile tax bill can reach up to $3,931. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, the tax rate in Reeders can lead to a wide range of tax bills, impacting homeowners differently based on their property's assessed value. This variability underscores the importance of understanding how property taxes are calculated to manage financial expectations effectively.
Average Reeders Tax Bill
$802
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reeders, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18352 | $568 | $697 | $802 | $1,208 | $3,931 |
Source: Ownwell