Kresgeville, Pennsylvania Property Taxes
The median property tax rate in Kresgeville, PA is 3.86%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kresgeville at $100,800, the typical annual property tax bill reaches $3,889, exceeding the national median of $2,690. Property taxes in Kresgeville 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 Kresgeville'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 Kresgeville or another part of Carbon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kresgeville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.86%
Estimate Property Tax Bill
$3,891
Ownwell’s Kresgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kresgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kresgeville 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 Kresgeville, Pennsylvania
Property taxes in Kresgeville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Kresgeville stands at 3.86%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kresgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kresgeville 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 Kresgeville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18333 has the highest median property tax rate of 3.86%, while the same zip code also has the lowest median tax rate of 3.86%. Understanding how these areas compare with Kresgeville 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 Kresgeville Tax Rate
3.86%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | 3.86% | 3.86% | 3.86% | 3.86% | 3.86% |
Source: Ownwell
Property Tax Assessment Values Across Kresgeville, Pennsylvania
In Kresgeville, 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 Kresgeville, 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 Kresgeville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18333 has both the highest and lowest median tax bill at $3,889.
Property Tax Assessment Values Across Kresgeville, Pennsylvania
Source: Ownwell
$25,900
$78,841
$131,782
Average Kresgeville Assessed Value
$100,800
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 Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | $78,720 | $87,000 | $100,800 | $169,300 | $210,400 |
Source: Ownwell
Property Tax Bills Across Kresgeville, Pennsylvania
In Kresgeville, located in Carbon County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Kresgeville face a median home price of $100,800. The actual tax bill can vary widely, with the 25th percentile at $3,357 and the 75th percentile reaching $6,532, indicating significant variability depending on the specific property and its assessed value. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. For homeowners, this means that property taxes can represent a substantial annual expense, impacting overall affordability. Compared to the national median property tax rate of 0.99%, the property tax bills in Kresgeville can be quite high, particularly for homes in the higher percentiles. This underscores the importance of understanding local tax policies and potential exemptions that might be available to reduce the tax burden.
Average Kresgeville Tax Bill
$3,889
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | $3,037 | $3,357 | $3,889 | $6,532 | $8,118 |
Source: Ownwell