Reinholds, Pennsylvania Property Taxes
The median property tax rate in Reinholds, PA is 4.08%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $121,450 in Reinholds, the typical annual property tax bill reaches $5,097, far exceeding the national median of $2,690. Property taxes in Reinholds are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Reinholds' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Reinholds 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
Reinholds, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.08%
Estimate Property Tax Bill
$4,955
Ownwell’s Reinholds Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reinholds with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reinholds 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 Reinholds, Pennsylvania
Property taxes in Reinholds, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reinholds is 4.08%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Reinholds set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reinholds 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 Reinholds' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17569 has the highest median property tax rate of 4.08%, while the same zip code also has the lowest median tax rate of 4.08%. Understanding how these cities compare with Reinholds 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 Reinholds Tax Rate
4.08%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | 3.98% | 4.08% | 4.08% | 4.46% | 4.46% |
Source: Ownwell
Property Tax Assessment Values Across Reinholds, Pennsylvania
In Reinholds, 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 Reinholds, 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 Reinholds helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Reinholds, the zip code with the highest median tax bill is 17569, with a tax bill of $5097. Similarly, the lowest median tax bill is also in the zip code 17569, with the same value of $5097.
Average Reinholds Assessed Value
$121,450
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 Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | $70,990 | $90,725 | $121,450 | $169,500 | $239,910 |
Source: Ownwell
Property Tax Bills Across Reinholds, Pennsylvania
In Reinholds, located in Berks County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county's assessment office. This value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Reinholds, the median home price is $121,450. Property tax bills can vary significantly; the 25th percentile tax bill is $3,798, while the 75th percentile tax bill is $6,920. Homeowners at the 90th percentile face tax bills as high as $9,807. These figures highlight the variability in property tax burdens within the area. Compared to the national median property tax rate of 0.99%, the property tax rates in Reinholds can be considerably higher, affecting homeowners' annual expenses. Understanding these factors can help residents anticipate their property tax bills and manage their finances accordingly.
Average Reinholds Tax Bill
$5,097
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reinholds, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17569 | $2,857 | $3,798 | $5,097 | $6,920 | $9,807 |
Source: Ownwell