Tremont, Pennsylvania Property Taxes
The median property tax rate in Tremont, PA is 3.66%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tremont at $28,723, the typical annual property tax bill reaches $992, exceeding the national median of $2,690. Property taxes in Tremont 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 Tremont'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 Tremont 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
Tremont, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.66%
Estimate Property Tax Bill
$1,051
Ownwell’s Tremont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tremont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tremont 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 Tremont, Pennsylvania
Property taxes in Tremont, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tremont is 3.66%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tremont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tremont 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 Tremont's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17981 zip code has the highest median property tax rate of 3.66%, while the same zip code also has the lowest median tax rate of 3.66%. Understanding how these cities compare with Tremont 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 Tremont Tax Rate
3.66%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tremont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17981 | 2.75% | 3.32% | 3.66% | 3.66% | 3.66% |
Source: Ownwell
Property Tax Assessment Values Across Tremont, Pennsylvania
In Tremont, 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 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 Tremont, 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. For example, the highest median tax bill in the area is $992 in the 17981 zip code. 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 Tremont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tremont Assessed Value
$28,723
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 Tremont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17981 | $17,837 | $22,122 | $28,723 | $41,360 | $67,350 |
Source: Ownwell
Property Tax Bills Across Tremont, Pennsylvania
In Tremont, Schuylkill County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate is applied to this assessed value to establish the annual tax bill. Homeowners in Tremont face varying tax bills, influenced by factors such as home value and specific local tax rates. For instance, the median home price in Tremont is $28,723, which significantly impacts the overall tax burden. The tax bills in Tremont range widely; at the 25th percentile, homeowners pay around $765, while those at the 75th percentile see bills of approximately $1,429. At the 90th percentile, tax bills can reach up to $2,387. These figures highlight the disparity in tax obligations based on property values. Compared to the national median property tax rate of 0.99%, Tremont's property taxes can be relatively high, affecting homeowners' financial planning and housing affordability. The highest and lowest median tax bills in Tremont are both $992, reflecting the uniformity within certain tax brackets.
Average Tremont Tax Bill
$992
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tremont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17981 | $604 | $765 | $992 | $1,429 | $2,387 |
Source: Ownwell