Cherryville, Pennsylvania Property Taxes
The median property tax rate in Cherryville, PA is 3.61%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Cherryville, the typical annual property tax bill reaches $5,748, far exceeding the national median of $2,690. Property taxes in Cherryville 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 Cherryville'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 Cherryville 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
Cherryville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$5,747
Ownwell’s Cherryville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cherryville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cherryville 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 Cherryville, Pennsylvania
Property taxes in Cherryville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Cherryville is 3.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cherryville set these rates annually, and they can vary across different neighborhoods. Each year, Cherryville 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 Cherryville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18035 has the highest median property tax rate of 3.61%, while the lowest median tax rate is also 3.61%. Understanding how these cities compare with Cherryville provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cherryville Tax Rate
3.61%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cherryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18035 | 3.61% | 3.61% | 3.61% | 3.61% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Cherryville, Pennsylvania
In Cherryville, 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 Northampton County Appraisal District 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 Cherryville, 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. The highest and lowest median tax bills in Cherryville are both $5,748, found in the 18035 zip code. 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 Cherryville, Pennsylvania
Source: Ownwell
$66,500
$208,650
$350,800
Average Cherryville Assessed Value
$159,200
Average Northampton County Assessed Value
$115,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cherryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18035 | $83,800 | $109,500 | $159,200 | $197,000 | $230,720 |
Source: Ownwell
Property Tax Bills Across Cherryville, Pennsylvania
In Cherryville, located in Northampton County, PA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county and is used to calculate the tax owed. For homeowners in Cherryville, this means that the higher the assessed value of their property, the higher their tax bill will be. The median home price in Cherryville is $159,200, and the property tax rates can lead to significant variations in tax bills. For instance, at the 25th percentile, homeowners might expect a tax bill around $3,953, while those at the 75th percentile could see bills as high as $7,113. The top 10% of tax bills can even reach up to $8,330. Comparing these figures to the national median property tax rate of 0.99%, Cherryville's property taxes are relatively high. This can significantly impact homeowners' budgets, making it important for them to understand how their property is assessed and to ensure that their assessments are accurate.
Average Cherryville Tax Bill
$5,748
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cherryville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18035 | $3,026 | $3,953 | $5,748 | $7,113 | $8,330 |
Source: Ownwell