Maxatawny, Pennsylvania Property Taxes
The median property tax rate in Maxatawny, PA is 4.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Maxatawny at $101,600, the typical annual property tax bill reaches $4,061, exceeding the national median of $2,690. Property taxes in Maxatawny 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 Maxatawny'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 Maxatawny 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
Maxatawny, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4%
Estimate Property Tax Bill
$4,064
Ownwell’s Maxatawny Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Maxatawny with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Maxatawny 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 Maxatawny, Pennsylvania
Property taxes in Maxatawny, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Maxatawny is 4.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Maxatawny set these rates annually, and they can vary significantly across different neighborhoods. Each year, Maxatawny 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 Maxatawny's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19538 zip code has the highest median property tax rate of 4.00%, while the 19538 zip code also has the lowest median tax rate of 4.00%. Understanding how these cities compare with Maxatawny 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 Maxatawny Tax Rate
4.00%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Maxatawny, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19538 | 4.00% | 4.00% | 4.00% | 4.00% | 4.00% |
Source: Ownwell
Property Tax Assessment Values Across Maxatawny, Pennsylvania
In Maxatawny, 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 Maxatawny, 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 Maxatawny helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Interestingly, the zip code 19538 in Maxatawny has both the highest and lowest median tax bill, standing at $4,061, which is significantly above the national median property tax rate of 0.99%.
Average Maxatawny Assessed Value
$101,600
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 Maxatawny, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19538 | $101,600 | $101,600 | $101,600 | $101,600 | $101,600 |
Source: Ownwell
Property Tax Bills Across Maxatawny, Pennsylvania
In Maxatawny, located in Berks County, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Maxatawny stands at $101,600. Property taxes are calculated based on this assessed value, and the median property tax bill in the area is $4,061. This figure significantly exceeds the national median property tax rate of 0.99%, reflecting the higher tax rates in this region. Several factors influence the property tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Maxatawny should be aware that their tax bills can vary depending on these factors, and the tax burden can be substantial compared to other regions. Understanding how these elements interplay is crucial for homeowners to manage their finances effectively and anticipate their annual property tax obligations.
Average Maxatawny Tax Bill
$4,061
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Maxatawny, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19538 | $4,061 | $4,061 | $4,061 | $4,061 | $4,061 |
Source: Ownwell