Kempton, Pennsylvania Property Taxes
The median property tax rate in Kempton, PA is 3.82%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kempton at $120,800, the typical annual property tax bill reaches $4,085, exceeding the national median of $2,690. Property taxes in Kempton 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 Kempton'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 Kempton 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
Kempton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.82%
Estimate Property Tax Bill
$4,615
Ownwell’s Kempton Property Tax Bill Calculator enables homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kempton with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Kempton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities with ease. For those interested in neighborhood-level trends, scroll down to discover more localized information. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Kempton, Pennsylvania
Property taxes in Kempton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kempton is 3.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kempton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kempton 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 Kempton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19529 zip code has the highest median property tax rate of 3.82%, while the same zip code also has the lowest median tax rate of 3.82%. Understanding how these cities compare with Kempton 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 Kempton Tax Rate
3.82%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kempton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19529 | 1.99% | 3.76% | 3.82% | 3.82% | 3.82% |
Source: Ownwell
Property Tax Assessment Values Across Kempton, Pennsylvania
In Kempton, 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. Assessment notices in Kempton 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 Kempton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Kempton are both $4,085, found in zip code 19529.
Average Kempton Assessed Value
$120,800
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 Kempton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19529 | $49,960 | $83,100 | $120,800 | $187,800 | $277,100 |
Source: Ownwell
Property Tax Bills Across Kempton, Pennsylvania
In Kempton, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Kempton, the median home price is $120,800, which serves as a benchmark for understanding property tax obligations. Property tax bills can vary significantly, with the 25th percentile tax bill at $2,986 and the 75th percentile reaching $5,959. For those at the higher end, the 90th percentile tax bill is $8,163. These property taxes directly impact homeowners by influencing their overall housing costs. Compared to the national median property tax rate of 0.99%, homeowners in Kempton may find their property tax rates to be a crucial factor in their financial planning and homeownership decisions.
Average Kempton Tax Bill
$4,085
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kempton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19529 | $1,751 | $2,986 | $4,085 | $5,959 | $8,163 |
Source: Ownwell