Reading Station, Pennsylvania Property Taxes
The median property tax rate in Reading Station, 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 Reading Station at $120,550, the typical annual property tax bill reaches $6,069, far exceeding the national median of $2,690. Property taxes in Reading Station 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 Reading Station'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 Reading Station 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
Reading Station, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.59%
Estimate Property Tax Bill
$5,533
Ownwell’s Reading Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reading Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reading Station 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 Reading Station, Pennsylvania
Property taxes in Reading Station, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reading Station is 4.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Reading Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reading Station 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 Reading Station's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19606 has the highest median property tax rate of 4.59%, while the same zip code also has the lowest median tax rate of 4.59%. Understanding how these areas compare with Reading Station 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 Reading Station 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 Reading Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19606 | 4.59% | 4.59% | 4.59% | 5.00% | 6.71% |
Source: Ownwell
Property Tax Assessment Values Across Reading Station, Pennsylvania
In Reading Station, 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 Reading Station, 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 Reading Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill is $6,069 in the 19606 zip code, while the lowest median tax bill is also $6,069 in the same zip code.
Property Tax Assessment Values Across Reading Station, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Reading Station Assessed Value
$120,550
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 Reading Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19606 | $86,370 | $100,375 | $120,550 | $137,625 | $147,160 |
Source: Ownwell
Property Tax Bills Across Reading Station, Pennsylvania
In Reading Station, Berks County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Reading Station can expect a median tax bill of approximately $6,069, which is significantly higher than the national median property tax rate of 0.99%. Factors such as the property's location, size, and condition play a crucial role in determining its assessed value. For instance, properties in the 25th percentile have tax bills around $5,176, while those in the 75th percentile can see tax bills as high as $6,709. The 90th percentile tax bills can reach up to $7,365. These property taxes can significantly impact homeowners, influencing their overall cost of living and the affordability of owning a home in the area.
Average Reading Station Tax Bill
$6,069
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reading Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19606 | $3,968 | $5,176 | $6,069 | $6,709 | $7,365 |
Source: Ownwell