Wescosville, Pennsylvania Property Taxes
The median property tax rate in Wescosville, PA is 2.42%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wescosville at $132,000, the typical annual property tax bill reaches $3,195, exceeding the national median of $2,690. Property taxes in Wescosville 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 Wescosville'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 Wescosville 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
Wescosville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$3,194
Ownwell’s Wescosville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wescosville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wescosville 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 Wescosville, Pennsylvania
Property taxes in Wescosville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wescosville is 2.42%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wescosville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wescosville 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 Wescosville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 18106 zip code has the highest median property tax rate of 2.42%, while the same zip code also has the lowest median tax rate of 2.42%. Understanding how these areas compare with Wescosville 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 Wescosville Tax Rate
2.42%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wescosville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18106 | 2.42% | 2.42% | 2.42% | 2.42% | 2.42% |
Source: Ownwell
Property Tax Assessment Values Across Wescosville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wescosville, 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 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 Wescosville, 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 Wescosville is $132,000, with tax bills ranging from $2,757 at the 25th percentile to $6,369 at the 90th percentile. The zip code 18106 has the highest and lowest median tax bill at $3,195. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Wescosville, Pennsylvania
Source: Ownwell
$13,900
$148,250
$282,600
Average Wescosville Assessed Value
$132,000
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 Wescosville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18106 | $106,860 | $113,900 | $132,000 | $155,000 | $263,120 |
Source: Ownwell
Property Tax Bills Across Wescosville, Pennsylvania
In Wescosville, located in Lehigh County, PA, property tax bills are calculated based on the assessed value of your home, which is determined by local assessors. This value is then multiplied by the local tax rate to arrive at your annual tax bill. For example, with a median home price of $132,000, homeowners can expect varying tax bills depending on their property's assessed value and specific location within the city. The tax bill at the 25th percentile is approximately $2,757, while at the 75th percentile, it rises to around $3,752. For those at the 90th percentile, the tax bill can reach up to $6,369. The highest and lowest median tax bills in the area both stand at $3,195, indicating a relatively consistent tax rate across different neighborhoods. These property taxes fund essential public services such as schools, emergency services, and infrastructure, directly impacting the quality of life for residents. Homeowners should consider these factors when budgeting for homeownership in Wescosville.
Average Wescosville Tax Bill
$3,195
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wescosville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18106 | $2,587 | $2,757 | $3,195 | $3,752 | $6,369 |
Source: Ownwell