Quakertown, Lehigh County, Pennsylvania Property Taxes
The median property tax rate in Quakertown, PA is 2.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Quakertown at $260,800, the typical annual property tax bill reaches $4,707, exceeding the national median of $2,690. Property taxes in Quakertown 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 Quakertown'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 Quakertown 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
Quakertown, Lehigh County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$5,764
$5,349
Ownwell’s Quakertown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Quakertown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Quakertown 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 Quakertown, Lehigh County, Pennsylvania
Property taxes in Quakertown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Quakertown is 2.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Quakertown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Quakertown 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 Quakertown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18951 zip code has both the highest and lowest median property tax rate of 2.21%. Understanding how these areas compare with Quakertown 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 Quakertown Tax Rate
2.21%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Quakertown, Lehigh County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18951 | 1.03% | 2.21% | 2.21% | 2.21% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Quakertown, Lehigh County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Quakertown, Pennsylvania. 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 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 Quakertown, 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 Quakertown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in the area is $4707.00, found in the 18951 zip code.
Property Tax Assessment Values Across Quakertown, Lehigh County, Pennsylvania
Source: Ownwell
$58,200
$170,400
$282,600
Average Quakertown Assessed Value
$260,800
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 Quakertown, Lehigh County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18951 | $152,260 | $176,900 | $260,800 | $292,700 | $515,600 |
Source: Ownwell
Property Tax Bills Across Quakertown, Lehigh County, Pennsylvania
In Quakertown, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Quakertown, located in Lehigh County, the median home price is approximately $260,800. The tax bill varies significantly depending on the property's assessed value, with the 25th percentile tax bill at $3,902 and the 75th percentile reaching $6,173. Comparatively, the highest median tax bill in the 18951 zip code stands at $4,707, which is above the national median property tax rate of 0.99%. This means homeowners in Quakertown may face higher property tax bills than the national average, impacting their overall housing costs. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the final tax bill. Understanding these elements is crucial for homeowners to anticipate and manage their property tax obligations effectively.
Average Quakertown Tax Bill
$4,707
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Quakertown, Lehigh County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18951 | $3,358 | $3,902 | $4,707 | $6,173 | $6,919 |
Source: Ownwell