Wind Gap, Pennsylvania Property Taxes
The median property tax rate in Wind Gap, PA is 3.77%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wind Gap at $119,000, the typical annual property tax bill reaches $4,695, surpassing the national median of $2,690. Property taxes in Wind Gap are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wind Gap'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 Wind Gap 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
Wind Gap, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.77%
Estimate Property Tax Bill
$4,486
Ownwell’s Wind Gap Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wind Gap with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wind Gap 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 Wind Gap, Pennsylvania
Property taxes in Wind Gap, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wind Gap is 3.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wind Gap set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wind Gap 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 Wind Gap's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18091 zip code has the highest median property tax rate of 3.77%, while the 18091 zip code also has the lowest median tax rate of 3.77%. Understanding how these cities compare with Wind Gap 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 Wind Gap Tax Rate
3.77%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wind Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18091 | 3.75% | 3.75% | 3.77% | 4.24% | 4.24% |
Source: Ownwell
Property Tax Assessment Values Across Wind Gap, Pennsylvania
In Wind Gap, 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 Wind Gap, 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 Wind Gap helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18091 has the highest median tax bill at $4,695, which is above the national median property tax rate of 0.99%.
Average Wind Gap Assessed Value
$119,000
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 Wind Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18091 | $73,600 | $90,600 | $119,000 | $162,400 | $209,000 |
Source: Ownwell
Property Tax Bills Across Wind Gap, Pennsylvania
Property tax bills in Wind Gap, Northampton County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is meant to reflect the market value of the property. In Wind Gap, the median home price is $119,000. The tax rate is applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property characteristics, local government budgets, and school funding requirements. For instance, the tax bill at the 25th percentile is $3,666, while at the 75th percentile, it rises to $6,239. Homeowners in the 90th percentile face a tax bill of $7,908. The highest median tax bill in the area is $4,695, which is significantly higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners' annual expenses, making it essential to understand how they are calculated and what factors contribute to their variation.
Average Wind Gap Tax Bill
$4,695
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wind Gap, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18091 | $2,954 | $3,666 | $4,695 | $6,239 | $7,908 |
Source: Ownwell