Easton, Pennsylvania Property Taxes
The median property tax rate in Easton, PA is 1.40%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Easton at $457,766, the typical annual property tax bill reaches $6,420, exceeding the national median of $2,690. Property taxes in Easton 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 Easton'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 Easton 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
Easton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.4%
Estimate Property Tax Bill
$6,409
Ownwell’s Easton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Easton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Easton 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 Easton, Pennsylvania
Property taxes in Easton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Easton is 1.40%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Easton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Easton 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 Easton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18040 zip code has the highest median property tax rate of 1.56%, while the 18042 zip code has the lowest median tax rate of 1.40%. Understanding how these cities compare with Easton provides valuable insights into the varying tax landscape across Bucks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Easton Tax Rate
1.40%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Easton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18040 | 1.56% | 1.56% | 1.56% | 1.56% | 1.56% |
| 18042 | 1.40% | 1.40% | 1.40% | 1.49% | 1.49% |
Source: Ownwell
Property Tax Assessment Values Across Easton, Pennsylvania
In Easton, 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 Bucks 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 Easton, 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. For instance, the median home price in Easton is $457,766, with tax bills ranging from $4,147 at the 25th percentile to $12,912 at the 90th percentile. Zip code 18040 has the highest median tax bill at $12,624, while zip code 18042 has the lowest at $5,590. 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 Easton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Easton Assessed Value
$457,766
Average Bucks County Assessed Value
$300,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Easton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18040 | $807,234 | $807,234 | $807,234 | $807,234 | $807,234 |
| 18042 | $253,191 | $289,894 | $388,458 | $612,766 | $886,085 |
Source: Ownwell
Property Tax Bills Across Easton, Pennsylvania
In Easton, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. 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 in Easton, property taxes can significantly impact their annual expenses. The median home price in Easton is $457,766, and property tax bills can vary widely. For example, homeowners in the 25th percentile pay around $4,147 annually, while those in the 75th percentile face bills as high as $12,084. The highest median tax bill in Easton is $12,624 in the 18040 zip code, while the lowest is $5,590 in the 18042 zip code. Given that the national median property tax rate is 0.99%, Easton's property tax rates are relatively high, which can influence both the affordability and desirability of owning a home in the area.
Average Easton Tax Bill
$6,420
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Easton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18040 | $12,624 | $12,624 | $12,624 | $12,624 | $12,624 |
| 18042 | $3,721 | $4,126 | $5,590 | $8,593 | $12,679 |
Source: Ownwell