Summit Hill, Carbon County, Pennsylvania Property Taxes
The median property tax rate in Summit Hill, PA is 4.77%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Summit Hill at $47,750, the typical annual property tax bill amounts to $2,271, which is below the national median of $2,690. Property taxes in Summit Hill are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Summit Hill's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Summit Hill 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
Summit Hill, Carbon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.77%
Estimate Property Tax Bill
$2,278
$2,114
Ownwell’s SUMMIT HILL Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SUMMIT HILL with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SUMMIT HILL 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 Summit Hill, Carbon County, Pennsylvania
Property taxes in Summit Hill, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Summit Hill is 4.77%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Summit Hill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Summit Hill 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 Summit Hill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18250 zip code has the highest median property tax rate of 4.77%, while the same zip code also has the lowest median tax rate of 4.77%. Understanding how these cities compare with Summit Hill 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 Summit Hill Tax Rate
4.77%
Average Carbon County Tax Rate
3.64%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Summit Hill, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | 4.77% | 4.77% | 4.77% | 4.77% | 4.77% |
Source: Ownwell
Property Tax Assessment Values Across Summit Hill, Carbon County, Pennsylvania
In Summit Hill, 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. Assessment notices in Summit Hill 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. For example, the median home price in Summit Hill is $47,750, with tax bills ranging from $1,863 at the 25th percentile to $5,099 at the 90th percentile. 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 Summit Hill, Carbon County, Pennsylvania
Source: Ownwell
$25,900
$78,841
$131,782
Average Summit Hill Assessed Value
$47,750
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 Summit Hill, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | $29,750 | $39,100 | $47,750 | $64,375 | $106,993 |
Source: Ownwell
Property Tax Bills Across Summit Hill, Carbon County, Pennsylvania
In Summit Hill, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value, and this value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $47,750, homeowners can expect their property tax bill to vary significantly. Several factors influence the tax bill, including property size, location, and improvements made to the property. Homeowners in Summit Hill typically see tax bills ranging from $1,863 at the 25th percentile to $3,068 at the 75th percentile, with some reaching as high as $5,099 at the 90th percentile. The median property tax bill stands at $2,271, which is notably higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, affecting their monthly budgets and overall cost of living. Understanding how these taxes are calculated can help homeowners plan better and potentially seek exemptions or appeals to reduce their tax burden.
Average Summit Hill Tax Bill
$2,271
Average Carbon County Tax Bill
$2,835
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Summit Hill, Carbon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18250 | $1,418 | $1,863 | $2,271 | $3,068 | $5,099 |
Source: Ownwell