Coplay, Pennsylvania Property Taxes
The median property tax rate in Coplay, PA is 2.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Coplay at $170,800, the typical annual property tax bill reaches $4,229, exceeding the national median of $2,690. Property taxes in Coplay 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 Coplay'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 Coplay 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
Coplay, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$3,467
Ownwell’s Coplay Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coplay with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coplay 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 Coplay, Pennsylvania
Property taxes in Coplay, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coplay is 2.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coplay set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coplay 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 Coplay's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18037 zip code has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with Coplay provides valuable insights into the varying tax landscape across Lehigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Coplay Tax Rate
2.03%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coplay, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18037 | 2.03% | 2.03% | 2.03% | 3.20% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Coplay, Pennsylvania
In Coplay, 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 Lehigh 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 Coplay, 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. Coplay's median home price stands at $170,800, with tax bills ranging from $3,550 at the 25th percentile to $6,247 at the 90th percentile. Being aware of these valuation processes in Coplay helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coplay Assessed Value
$170,800
Average Lehigh County Assessed Value
$166,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Coplay, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18037 | $91,600 | $127,200 | $170,800 | $215,000 | $285,400 |
Source: Ownwell
Property Tax Bills Across Coplay, Pennsylvania
In Coplay, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors who evaluate the property's worth. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's size, age, location, and any improvements made. In Coplay, the median home price is $170,800, and property tax bills can vary significantly. For example, the tax bill at the 25th percentile is around $3,550, while at the 75th percentile, it reaches $5,223. At the 90th percentile, homeowners might pay as much as $6,247. The median tax bill in Coplay's zip code 18037 is $4,229, which is higher than the national median property tax rate of 0.99%. These property taxes can significantly impact homeowners, influencing their overall cost of living and financial planning.
Average Coplay Tax Bill
$4,229
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coplay, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18037 | $2,435 | $3,550 | $4,229 | $5,223 | $6,247 |
Source: Ownwell