Riegelsville, Pennsylvania Property Taxes
The median property tax rate in Riegelsville, PA is 3.63%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Riegelsville at $157,300, the typical annual property tax bill reaches $5,711, far exceeding the national median of $2,690. Property taxes in Riegelsville 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 Riegelsville'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 Riegelsville 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
Riegelsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$5,710
Ownwell’s Riegelsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riegelsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riegelsville 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 Riegelsville, Pennsylvania
Property taxes in Riegelsville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riegelsville is 3.63%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Riegelsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riegelsville 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 Riegelsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18077 has the highest median property tax rate of 3.63%, while the same zip code also has the lowest median tax rate of 3.63%. Understanding how these cities compare with Riegelsville provides valuable insights into the varying tax landscape across Northampton, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Riegelsville Tax Rate
3.63%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | 3.53% | 3.63% | 3.63% | 3.63% | 3.63% |
Source: Ownwell
Property Tax Assessment Values Across Riegelsville, Pennsylvania
In Riegelsville, 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 Riegelsville, 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 Riegelsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Riegelsville is $157,300, with a median tax bill of $5,711 in the 18077 zip code.
Property Tax Assessment Values Across Riegelsville, Pennsylvania
Source: Ownwell
$66,500
$208,650
$350,800
Average Riegelsville Assessed Value
$157,300
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 Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | $112,800 | $129,250 | $157,300 | $183,850 | $213,400 |
Source: Ownwell
Property Tax Bills Across Riegelsville, Pennsylvania
In Riegelsville, Northampton County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in Riegelsville face a median property tax bill of $5,711, which is significantly higher than the national median property tax rate of 0.99%. This higher rate can lead to substantial annual expenses for homeowners. For instance, those in the 25th percentile pay around $4,693, while those in the 75th percentile face bills of approximately $6,592. At the 90th percentile, the tax bill can reach up to $7,706. These figures highlight the importance of understanding local property tax rates and their impact on overall homeownership costs in Riegelsville.
Average Riegelsville Tax Bill
$5,711
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | $4,056 | $4,693 | $5,711 | $6,592 | $7,706 |
Source: Ownwell