Jim Thorpe, Carbon County, Pennsylvania Property Taxes
The median property tax rate in Jim Thorpe, PA is 2.89%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jim Thorpe at $91,500, the typical annual property tax bill reaches $2,935, exceeding the national median of $2,690. Property taxes in Jim Thorpe 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 Jim Thorpe'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 Jim Thorpe 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
Jim Thorpe, Carbon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$2,644
$2,454
Ownwell’s Jim Thorpe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jim Thorpe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jim Thorpe 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 Jim Thorpe, Carbon County, Pennsylvania
Property taxes in Jim Thorpe, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jim Thorpe is 2.89%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Jim Thorpe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jim Thorpe 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 Jim Thorpe's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18229 has the highest median property tax rate of 2.89%, while the same zip code also has the lowest median tax rate of 2.89%. Understanding how these cities compare with Jim Thorpe provides valuable insights into the varying tax landscape across Carbon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Jim Thorpe Tax Rate
2.89%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jim Thorpe, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18229 | 2.89% | 2.89% | 2.89% | 3.75% | 3.75% |
Source: Ownwell
Property Tax Assessment Values Across Jim Thorpe, Carbon County, Pennsylvania
In Jim Thorpe, 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 Carbon 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 Jim Thorpe, 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 Jim Thorpe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18229 has the highest and lowest median tax bill at $2,935. The median home price in the area is $91,500, with tax bills ranging from $2,216 at the 25th percentile to $5,125 at the 90th percentile.
Property Tax Assessment Values Across Jim Thorpe, Carbon County, Pennsylvania
Source: Ownwell
$25,900
$78,841
$131,782
Average Jim Thorpe Assessed Value
$91,500
Average Carbon County Assessed Value
$80,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jim Thorpe, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18229 | $46,240 | $65,700 | $91,500 | $125,350 | $163,600 |
Source: Ownwell
Property Tax Bills Across Jim Thorpe, Carbon County, Pennsylvania
In Jim Thorpe, located in Carbon County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in Jim Thorpe stands at $91,500. Local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual tax bill. Various factors influence the assessed value, including the property's size, age, location, and condition. Homeowners in Jim Thorpe can expect their property tax bills to range significantly. For example, the 25th percentile tax bill is $2,216, while the 75th percentile tax bill is $3,935, and the 90th percentile reaches $5,125. These property taxes can impact homeowners by affecting their monthly mortgage payments and overall cost of living. Compared to the national median property tax rate of 0.99%, Jim Thorpe's property tax bills can be seen as relatively high, reflecting the specific economic and administrative factors at play in Carbon County.
Average Jim Thorpe Tax Bill
$2,935
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jim Thorpe, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18229 | $1,608 | $2,216 | $2,935 | $3,935 | $5,125 |
Source: Ownwell