Narvon, Berks County, Pennsylvania Property Taxes
The median property tax rate in Narvon, PA is 3.98%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Narvon at $134,950, the typical annual property tax bill reaches $4,907, far exceeding the national median of $2,690. Property taxes in Narvon 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 Narvon'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 Narvon 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
Narvon, Berks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.98%
Estimate Property Tax Bill
$5,371
$4,984
Ownwell’s Narvon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Narvon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Narvon 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 Narvon, Berks County, Pennsylvania
Property taxes in Narvon, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Narvon is 3.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Narvon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Narvon 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 Narvon's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17555 has the highest median property tax rate of 3.98%, while the same zip code also has the lowest median tax rate of 3.98%. Understanding how these areas compare with Narvon 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 Narvon Tax Rate
3.98%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Narvon, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17555 | 3.78% | 3.98% | 3.98% | 3.98% | 3.98% |
Source: Ownwell
Property Tax Assessment Values Across Narvon, Berks County, Pennsylvania
In Narvon, 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 Assessor's 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 Narvon, 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. Narvon’s median home price is $134,950, with property tax bills ranging from $4,346 at the 25th percentile to $6,790 at the 90th percentile. The zip code 17555 has the highest and lowest median tax bill at $4,907. Being aware of these valuation processes in Narvon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Narvon, Berks County, Pennsylvania
Source: Ownwell
$21,200
$104,950
$188,700
Average Narvon Assessed Value
$134,950
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 Narvon, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17555 | $60,010 | $113,225 | $134,950 | $152,425 | $177,330 |
Source: Ownwell
Property Tax Bills Across Narvon, Berks County, Pennsylvania
In Narvon, 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 is meant to reflect the market value of the property. Homeowners in Narvon can expect to pay property taxes that fall within a range, depending on the value of their property. For instance, the 25th percentile tax bill is $4,346, while the 75th percentile tax bill is $5,941, and the 90th percentile tax bill reaches up to $6,790. These property tax bills are significantly higher than the national median property tax rate of 0.99%, reflecting the local tax environment. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding how these bills are calculated and what factors influence them is crucial for homeowners in managing their expenses and planning for the future.
Average Narvon Tax Bill
$4,907
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Narvon, Berks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17555 | $2,367 | $4,346 | $4,907 | $5,941 | $6,790 |
Source: Ownwell