Geigertown, Pennsylvania Property Taxes
The median property tax rate in Geigertown, PA is 3.99%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $100,800 in Geigertown, the typical annual property tax bill reaches $3,753, far exceeding the national median of $2,690. Property taxes in Geigertown are calculated based on the assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Geigertown'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 Geigertown or another part of Berks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Geigertown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.99%
Estimate Property Tax Bill
$4,022
Ownwell’s Geigertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Geigertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Geigertown 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 Geigertown, Pennsylvania
Property taxes in Geigertown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Geigertown is 3.99%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Geigertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Geigertown 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 Geigertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19523 zip code has the highest median property tax rate of 3.99%, while the same zip code also has the lowest median tax rate of 3.99%. Understanding how these cities compare with Geigertown provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Geigertown Tax Rate
3.99%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Geigertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19523 | 1.59% | 3.46% | 3.99% | 3.99% | 3.99% |
Source: Ownwell
Property Tax Assessment Values Across Geigertown, Pennsylvania
In Geigertown, 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 Berks 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 Geigertown, 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 instance, the highest median tax bill in the area is $3,753 in the 19523 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 Geigertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Geigertown, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Geigertown Assessed Value
$100,800
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Geigertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19523 | $85,620 | $93,500 | $100,800 | $293,200 | $370,120 |
Source: Ownwell
Property Tax Bills Across Geigertown, Pennsylvania
In Geigertown, Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's size, location, and market conditions influence its assessed value. Homeowners in Geigertown can expect a median home price of $100,800, with property tax bills varying significantly. For instance, the 25th percentile tax bill is around $3,430, while the 75th percentile tax bill reaches $4,555. At the higher end, the 90th percentile tax bill can be as much as $6,925. These tax bills can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. In Geigertown, the highest and lowest median tax bills are both recorded at $3,753 in the zip code 19523, indicating a relatively consistent tax burden across the area.
Average Geigertown Tax Bill
$3,753
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Geigertown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19523 | $3,150 | $3,430 | $3,753 | $4,555 | $6,925 |
Source: Ownwell