Swiftwater, Pennsylvania Property Taxes
The median property tax rate in Swiftwater, PA is 0.70%, considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Swiftwater, the typical annual property tax bill reaches $1,260, which is well below the national median of $2,690. Property taxes in Swiftwater are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Swiftwater'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 Swiftwater 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
Swiftwater, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.7%
Estimate Property Tax Bill
$1,195
Ownwell’s Swiftwater Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Swiftwater with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Swiftwater 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 Swiftwater, Pennsylvania
Property taxes in Swiftwater, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Swiftwater 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 Swiftwater set these rates annually, and they can vary significantly across different neighborhoods. Each year, Swiftwater 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 Swiftwater's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18370 zip code has both the highest and lowest median property tax rate of 0.70%. Understanding how these cities compare with Swiftwater 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 Swiftwater 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 Swiftwater, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18370 | 0.70% | 0.70% | 0.70% | 0.70% | 0.70% |
Source: Ownwell
Property Tax Assessment Values Across Swiftwater, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Swiftwater, Pennsylvania. 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 Swiftwater, 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 instance, the median home price in Swiftwater is $170,760, with tax bills ranging from $988 at the 25th percentile to $2,532 at the 90th percentile. The zip code with the highest and lowest median tax bill is 18370, both at $1,260. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Swiftwater, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Swiftwater Assessed Value
$170,760
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 Swiftwater, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18370 | $113,260 | $138,320 | $170,760 | $221,990 | $298,520 |
Source: Ownwell
Property Tax Bills Across Swiftwater, Pennsylvania
In Swiftwater, Monroe County, PA, property tax bills are calculated by multiplying the assessed value of a home by the local property tax rate. The assessed value is determined by the county's assessment office and is typically a percentage of the property's market value. Several factors influence the assessed value, including the property's size, location, and condition. For homeowners in Swiftwater, the median home price stands at $170,760. Property tax bills can vary significantly, with the 25th percentile paying around $988 and the 75th percentile paying approximately $1,811. At the higher end, the 90th percentile sees tax bills reaching up to $2,532. These variations underscore the importance of understanding how assessed values and local tax rates impact annual tax obligations. Compared to the national median property tax rate of 0.99%, Swiftwater's property tax bills reflect the region's specific economic and real estate conditions. Homeowners should be aware of these factors to better manage their financial planning and ensure they are not overpaying on their property taxes.
Average Swiftwater Tax Bill
$1,260
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Swiftwater, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18370 | $812 | $988 | $1,260 | $1,811 | $2,532 |
Source: Ownwell