Summit Hill, Pennsylvania Property Taxes
The median property tax rate in Summit Hill, PA is 4.05%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Summit Hill, the typical annual property tax bill reaches $6,281, far exceeding the national median of $2,690. Property taxes in Summit Hill 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 Summit Hill'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 Summit Hill 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
Summit Hill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.05%
Estimate Property Tax Bill
$6,289
Ownwell’s Summit Hill Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Summit Hill with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Summit Hill 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 Summit Hill, Pennsylvania
Property taxes in Summit Hill, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summit Hill is 4.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within Summit Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summit Hill 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 Summit Hill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18250 zip code has the highest median property tax rate of 4.05%, while the same zip code also has the lowest median tax rate of 4.05%. Understanding how these cities compare with Summit Hill 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 Summit Hill Tax Rate
4.05%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summit Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | 4.05% | 4.05% | 4.05% | 4.05% | 4.05% |
Source: Ownwell
Property Tax Assessment Values Across Summit Hill, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Summit Hill, PA. 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 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 Summit Hill, 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. The median home price in Summit Hill is $155,290. The 25th percentile tax bill is $6,209, while the 75th percentile tax bill is $7,149, and the 90th percentile tax bill is $7,669. The highest and lowest median tax bills are both in zip code 18250, with a value of $6,281. 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 Summit Hill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Summit Hill Assessed Value
$155,290
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 Summit Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | $152,416 | $153,494 | $155,290 | $176,730 | $189,594 |
Source: Ownwell
Property Tax Bills Across Summit Hill, Pennsylvania
In Summit Hill, Schuylkill County, PA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on various factors, including the property's market value, location, and any improvements made to the property. For instance, the median home price in Summit Hill is $155,290. Homeowners in Summit Hill can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $6,209, while at the 75th percentile, they can reach up to $7,149. The 90th percentile sees tax bills as high as $7,669. These variations are influenced by the assessed value and the specific tax rate applied. Comparatively, the national median property tax rate is 0.99%, making Summit Hill's property taxes notably higher. This substantial tax burden can impact homeowners by increasing annual expenses, which may affect their overall financial planning and property investment decisions.
Average Summit Hill Tax Bill
$6,281
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Summit Hill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | $6,165 | $6,209 | $6,281 | $7,149 | $7,669 |
Source: Ownwell