Virginville, Pennsylvania Property Taxes
The median property tax rate in Virginville, PA is 4.48%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Virginville at $84,200, the typical annual property tax bill reaches $3,769, exceeding the national median of $2,690. Property taxes in Virginville 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 Virginville'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 Virginville or another part of Berks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Virginville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.48%
Estimate Property Tax Bill
$3,772
Ownwell’s Virginville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Virginville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Virginville 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 Virginville, Pennsylvania
Property taxes in Virginville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Virginville is 1.43%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Virginville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Virginville 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 Virginville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19564 zip code has the highest median property tax rate of 1.43%, while the same zip code also has the lowest median tax rate of 1.43%. Understanding how these cities compare with Virginville 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 Virginville Tax Rate
4.48%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Virginville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19564 | 4.43% | 4.48% | 4.48% | 4.48% | 4.48% |
Source: Ownwell
Property Tax Assessment Values Across Virginville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Virginville, Pennsylvania. 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 Virginville, 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. The highest median tax bill in the area is $3,769 in zip code 19564, while the lowest median tax bill is also $3,769 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Virginville, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Virginville Assessed Value
$84,200
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 Virginville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19564 | $48,900 | $62,250 | $84,200 | $97,550 | $112,660 |
Source: Ownwell
Property Tax Bills Across Virginville, Pennsylvania
In Virginville, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or renovations made to the property. For homeowners, understanding these calculations is crucial as it directly impacts their annual financial obligations. For example, with a median home price of $84,200 in Virginville, the tax bills range significantly. The 25th percentile tax bill is around $2,787, while the 75th percentile tax bill reaches up to $4,308, and the 90th percentile tax bill can be as high as $4,973. These figures are notably higher compared to the national median property tax rate of 0.99%, highlighting the importance for homeowners to be aware of their local property tax obligations to manage their finances effectively.
Average Virginville Tax Bill
$3,769
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Virginville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19564 | $2,189 | $2,787 | $3,769 | $4,308 | $4,973 |
Source: Ownwell