Nazareth, Pennsylvania Property Taxes
The median property tax rate in Nazareth, PA is 3.76%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $137,100 in Nazareth, the typical annual property tax bill reaches $5,162, far exceeding the national median of $2,690. Property taxes in Nazareth are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Nazareth'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 Nazareth or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Nazareth, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.76%
Estimate Property Tax Bill
$5,155
Ownwell’s Nazareth Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers a simple way to estimate their annual property taxes in Nazareth. By entering your property's estimated assessed value, the calculator uses the median tax rate in Nazareth to provide an accurate property tax bill estimate. This valuable tool helps you grasp potential tax liabilities with ease. For those curious about neighborhood-level trends, additional localized information is available below. Your property’s assessed value, determined by Northampton County, is crucial for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Nazareth, Pennsylvania
Property taxes in Nazareth, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Nazareth is 3.76%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Nazareth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Nazareth 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 Nazareth's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Northampton County is 3.76% in the 18064 zip code, while the lowest median tax rate is also 3.76% in the same zip code. Understanding how these areas compare with Nazareth 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 Nazareth Tax Rate
3.76%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Nazareth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18064 | 3.60% | 3.75% | 3.76% | 3.77% | 4.18% |
Source: Ownwell
Property Tax Assessment Values Across Nazareth, Pennsylvania
In Nazareth, 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 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 Nazareth, 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. Being aware of these valuation processes in Nazareth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Nazareth is $137,100, with tax bills ranging from $4,015 at the 25th percentile to $9,072 at the 90th percentile. The highest and lowest median tax bills are both $5,162, occurring in the 18064 zip code.
Average Nazareth Assessed Value
$137,100
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 Nazareth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18064 | $83,200 | $103,600 | $137,100 | $188,200 | $242,000 |
Source: Ownwell
Property Tax Bills Across Nazareth, Pennsylvania
In Nazareth, located in Northampton County, PA, property tax bills are calculated based on the assessed value of a home, which differs from its market value. The assessed value is determined by the county's tax assessor and is a percentage of the home's market value. Homeowners in this area experience a median property tax bill of $5,162, which is considerably higher than the national median property tax rate of 0.99%. Several factors contribute to the calculation of the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions. For instance, a home with a median market price of $137,100 can expect tax bills that range from $4,015 at the 25th percentile to $9,072 at the 90th percentile. These tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning. High property taxes in Nazareth reflect the region's investment in public services and infrastructure, affecting both current residents and potential homebuyers.
Average Nazareth Tax Bill
$5,162
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Nazareth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18064 | $3,294 | $4,015 | $5,162 | $7,023 | $9,072 |
Source: Ownwell