Limekiln, Pennsylvania Property Taxes
The median property tax rate in Limekiln, PA is 4.59%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Limekiln at $169,900, the typical annual property tax bill reaches $7,648, far exceeding the national median of $2,690. Property taxes in Limekiln 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 Limekiln'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 Limekiln 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
Limekiln, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.59%
Estimate Property Tax Bill
$7,798
Ownwell’s Limekiln Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Limekiln with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Limekiln 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 Limekiln, Pennsylvania
Property taxes in Limekiln, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Limekiln is 4.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Limekiln set these rates annually, and they can vary significantly across different neighborhoods. Each year, Limekiln 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 Limekiln's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 19535 has the highest median property tax rate of 4.59%, while also holding the lowest median tax rate of 4.59%. Understanding how these areas compare with Limekiln 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 Limekiln Tax Rate
4.59%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Limekiln, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19535 | 4.17% | 4.17% | 4.59% | 4.59% | 4.59% |
Source: Ownwell
Property Tax Assessment Values Across Limekiln, Pennsylvania
In Limekiln, 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 Limekiln, 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 Limekiln helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 19535 has both the highest and lowest median tax bill at $7,648.
Average Limekiln Assessed Value
$169,900
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 Limekiln, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19535 | $132,820 | $148,300 | $169,900 | $224,875 | $249,580 |
Source: Ownwell
Property Tax Bills Across Limekiln, Pennsylvania
In Limekiln, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The median home price in Limekiln is $169,900, and property tax rates are applied to this assessed value to calculate the annual tax bill. Various factors, such as property size, location, and improvements, influence the assessed value. Homeowners in Limekiln can expect to pay property taxes that range widely. For instance, tax bills at the 25th percentile are around $6,314, while those at the 75th percentile reach approximately $9,371. The 90th percentile tax bills can go up to $11,208. Interestingly, the highest and lowest median tax bills in the area both stand at $7,648, within the same zip code, 19535. Comparing these figures to the national median property tax rate of 0.99%, Limekiln homeowners face higher property tax bills, which can significantly impact their annual expenses. Understanding these factors helps homeowners plan their finances and anticipate future tax obligations.
Average Limekiln Tax Bill
$7,648
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Limekiln, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19535 | $5,829 | $6,314 | $7,648 | $9,371 | $11,208 |
Source: Ownwell