Morea, Pennsylvania Property Taxes
The median property tax rate in Morea, PA is 4.06%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Morea, the typical annual property tax bill reaches $984, exceeding the national median of $2,690. Property taxes in Morea 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 Morea'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 Morea or another part of Schuylkill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morea, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.06%
Estimate Property Tax Bill
$983
Ownwell’s MOREA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOREA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOREA 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 Morea, Pennsylvania
Property taxes in Morea, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morea is 4.06%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Morea set these rates annually, and they can vary considerably across different neighborhoods. Each year, Morea 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 Morea's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17948 has the highest median property tax rate of 4.06%, while the same zip code also has the lowest median tax rate of 4.06%. Understanding how these areas compare with Morea provides valuable insights into the varying tax landscape across Schuylkill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Morea Tax Rate
4.06%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morea, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17948 | 4.06% | 4.06% | 4.06% | 4.06% | 4.06% |
Source: Ownwell
Property Tax Assessment Values Across Morea, Pennsylvania
In Morea, 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 Schuylkill 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 Morea, 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 Morea helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the city is $984.00 in the 17948 zip code, while the lowest is also $984.00 in the same zip code.
Average Morea Assessed Value
$24,210
Average Schuylkill County Assessed Value
$47,370
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Morea, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17948 | $13,670 | $18,420 | $24,210 | $29,470 | $36,962 |
Source: Ownwell
Property Tax Bills Across Morea, Pennsylvania
In Morea, Schuylkill County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is a percentage of the market value of the property. This value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Morea, the median home price is $24,210, which influences the amount of property tax owed. The tax bill varies significantly, with the 25th percentile paying approximately $748 annually, while those in the 75th percentile pay around $1,198. At the 90th percentile, the tax bill can reach up to $1,502. Comparing these figures to the national median property tax rate of 0.99%, homeowners in Morea experience a range of tax burdens depending on their property's assessed value. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the community's quality of life.
Average Morea Tax Bill
$984
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morea, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17948 | $555 | $748 | $984 | $1,198 | $1,502 |
Source: Ownwell