Brooklyn, Pennsylvania Property Taxes
The median property tax rate in Brooklyn, PA is 3.02%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Brooklyn, the typical annual property tax bill reaches $314, which is significantly lower than the national median of $2,690. Property taxes in Brooklyn 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 Brooklyn'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 Brooklyn 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
Brooklyn, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$314
Ownwell’s Brooklyn Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Brooklyn with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Brooklyn to provide an accurate estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can explore neighborhood-level trends by scrolling down for localized information. Remember, your property's assessed value is determined by the county for tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Brooklyn, Pennsylvania
Property taxes in Brooklyn, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brooklyn is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Brooklyn set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brooklyn 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 Brooklyn's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18813 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Brooklyn provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brooklyn Tax Rate
3.02%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brooklyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18813 | 3.02% | 3.02% | 3.02% | 3.02% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Brooklyn, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brooklyn, Pennsylvania. 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 Susquehanna 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 Brooklyn, 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 Brooklyn is $10,400, with tax bills ranging from $296 at the 25th percentile to $328 at the 90th percentile. The highest and lowest median tax bills are both $314, found in the 18813 zip code. Understanding these valuation processes helps property owners identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Brooklyn Assessed Value
$10,400
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brooklyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18813 | $9,440 | $9,800 | $10,400 | $10,700 | $10,880 |
Source: Ownwell
Property Tax Bills Across Brooklyn, Pennsylvania
In Brooklyn, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the home. Homeowners in Susquehanna County can expect their property tax bills to vary within a certain range. For example, the tax bill at the 25th percentile is $296, while at the 75th percentile it is $323. At the 90th percentile, it reaches up to $328. The highest and lowest median tax bills in the county are both $314, found in zip code 18813. These tax bills are influenced by factors such as property location, size, and any improvements made to the home. For homeowners, understanding these factors is crucial as they directly impact the amount owed annually. Compared to the national median property tax rate of 0.99%, Brooklyn's property taxes can be considered relatively low, offering some financial relief to local homeowners.
Average Brooklyn Tax Bill
$314
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Brooklyn, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18813 | $285 | $296 | $314 | $323 | $328 |
Source: Ownwell