Shunk, Pennsylvania Property Taxes
The median property tax rate in Shunk, PA is 1.11%, slightly higher than the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With a median home value of $101,472 in Shunk, the typical annual property tax bill is $1,126, which is well below the national median of $2,690. Property taxes in Shunk are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Shunk'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 Shunk or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shunk, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$1,126
Ownwell’s Shunk Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shunk with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shunk 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 Shunk, Pennsylvania
Property taxes in Shunk, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shunk is 1.11%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shunk set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shunk 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 Shunk's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17768 zip code has the highest median property tax rate of 1.11%, while the 17768 zip code has the lowest median tax rate of 1.11%. Understanding how these cities compare with Shunk provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Shunk Tax Rate
1.11%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shunk, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17768 | 1.11% | 1.11% | 1.11% | 1.11% | 1.11% |
Source: Ownwell
Property Tax Assessment Values Across Shunk, Pennsylvania
In Shunk, 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 Sullivan 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 Shunk, 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. Shunk has a median home price of $101,472, with tax bills ranging from $589 at the 25th percentile to $2,826 at the 90th percentile. The highest and lowest median tax bills are both $1,126 in the 17768 zip code. Being aware of these valuation processes in Shunk helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Shunk Assessed Value
$101,472
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Shunk, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17768 | $26,880 | $53,088 | $101,472 | $178,164 | $254,654 |
Source: Ownwell
Property Tax Bills Across Shunk, Pennsylvania
In Shunk, located in Sullivan County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $101,472, homeowners can expect varying tax bills depending on their property's assessed value. The tax bill for the 25th percentile is $589, while those in the 75th percentile face a tax bill of $1,977. Several factors influence these calculations, including property size, location, and any improvements made to the home. Homeowners in Shunk should be aware that these factors can significantly impact their tax obligations. The highest median tax bill in the area is $1,126, which is below the national median property tax rate of 0.99%. This relatively lower tax burden can provide some financial relief to homeowners, making Shunk an attractive location for property investment.
Average Shunk Tax Bill
$1,126
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shunk, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17768 | $298 | $589 | $1,126 | $1,977 | $2,826 |
Source: Ownwell