Karthaus, Pennsylvania Property Taxes
The median property tax rate in Karthaus, PA is 2.01%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Karthaus at $87,000, the typical annual property tax bill reaches $1,750, which is below the national median of $2,690. Property taxes in Karthaus are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Karthaus'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 Karthaus 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
Karthaus, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$1,749
Ownwell’s Karthaus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Karthaus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Karthaus 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 Karthaus, Pennsylvania
Property taxes in Karthaus, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Karthaus is 2.01%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Karthaus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Karthaus 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 Karthaus's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16845 zip code has both the highest and lowest median property tax rate of 2.01%. Understanding how these cities compare with Karthaus provides valuable insights into the varying tax landscape across Clinton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Karthaus Tax Rate
2.01%
Average Clinton County Tax Rate
2.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
Source: Ownwell
Property Tax Assessment Values Across Karthaus, Pennsylvania
In Karthaus, 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 Clinton County Appraisal District 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 Karthaus, 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. The median home price in Karthaus is $87,000, with tax bills ranging from $895 at the 25th percentile to $3,667 at the 90th percentile. Notably, the highest and lowest median tax bills are both $1,750 in the zip code 16845. 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 Karthaus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Karthaus Assessed Value
$87,000
Average Clinton County Assessed Value
$57,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | $19,000 | $44,500 | $87,000 | $146,600 | $182,360 |
Source: Ownwell
Property Tax Bills Across Karthaus, Pennsylvania
In Karthaus, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $87,000, homeowners in Karthaus can expect varying tax bills depending on their property's assessed value and applicable tax rates. Tax bills in Karthaus range significantly, with the 25th percentile at $895 and the 75th percentile reaching $2,948. The highest tax bills, at the 90th percentile, can be as much as $3,667. These figures indicate that while some homeowners may face relatively modest tax bills, others could see much higher amounts depending on their property's value. Compared to the national median property tax rate of 0.99%, the tax rates in Karthaus reflect the region's specific economic conditions and property values, impacting homeowners' financial planning and overall housing costs.
Average Karthaus Tax Bill
$1,750
Average Clinton County Tax Bill
$1,228
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | $382 | $895 | $1,750 | $2,948 | $3,667 |
Source: Ownwell