Shamokin Dam, Pennsylvania Property Taxes
The median property tax rate in Shamokin Dam, PA is 3.88%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $22,790 in Shamokin Dam, the typical annual property tax bill amounts to $883, which is lower than the national median of $2,690. Property taxes in Shamokin Dam are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Shamokin Dam's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Shamokin Dam 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
Shamokin Dam, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.88%
Estimate Property Tax Bill
$884
Ownwell's Shamokin Dam Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shamokin Dam with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shamokin Dam 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 Shamokin Dam, Pennsylvania
Property taxes in Shamokin Dam, Pennsylvania, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Shamokin Dam is 3.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shamokin Dam set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shamokin Dam 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 Shamokin Dam's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17876 has the highest median property tax rate of 3.88%, while zip code 17876 also has the lowest median tax rate of 3.88%. Understanding how these areas compare with Shamokin Dam provides valuable insights into the varying tax landscape across Snyder County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shamokin Dam Tax Rate
3.88%
Average Snyder County Tax Rate
2.51%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shamokin Dam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17876 | 3.88% | 3.88% | 3.88% | 3.88% | 3.88% |
Source: Ownwell
Property Tax Assessment Values Across Shamokin Dam, Pennsylvania
In Shamokin Dam, 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 Snyder 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 Shamokin Dam, 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 Shamokin Dam helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $22,790, with median tax bills ranging from $570 at the 25th percentile to $1,318 at the 90th percentile. The zip code 17876 has the highest median tax bill of $883.
Average Shamokin Dam Assessed Value
$22,790
Average Snyder County Assessed Value
$20,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shamokin Dam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17876 | $9,054 | $14,975 | $22,790 | $28,115 | $33,948 |
Source: Ownwell
Property Tax Bills Across Shamokin Dam, Pennsylvania
In Shamokin Dam, located in Snyder County, PA, property tax bills are calculated based on the assessed value of the property. The local tax rate is applied to this assessed value to determine the final tax bill. Factors such as property size, location, and improvements can influence the assessed value. For instance, a median home price in Shamokin Dam is $22,790, and property tax bills can range significantly. Homeowners at the 25th percentile might see a tax bill around $570, while those at the 75th percentile could pay approximately $1,091. The highest median tax bill recorded in the area is $883, which aligns with the lowest median tax bill, indicating a consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, these figures illustrate how local assessments and tax rates can impact homeowners differently. Understanding these factors helps homeowners anticipate their annual property tax obligations and manage their finances accordingly.
Average Shamokin Dam Tax Bill
$883
Average Snyder County Tax Bill
$582
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shamokin Dam, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17876 | $326 | $570 | $883 | $1,091 | $1,318 |
Source: Ownwell