Buck Hill Falls, Pennsylvania Property Taxes
The median property tax rate in Buck Hill Falls, PA is 0.58%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $273,780 in Buck Hill Falls, the typical annual property tax bill amounts to $1,725, which is well below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Buck Hill Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Buck Hill Falls or another part of Monroe County, being well-versed in the local property tax system will benefit both homeowners and real estate investors alike.
Last Updated June 14, 2024
Buck Hill Falls, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$1,588
Ownwell’s Buck Hill Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Buck Hill Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Buck Hill Falls 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 Buck Hill Falls, Pennsylvania
Property taxes in Buck Hill Falls, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Buck Hill Falls is 0.58%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Buck Hill Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Buck Hill Falls 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 Buck Hill Falls' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18323 has the highest median property tax rate of 0.58%, while the same zip code also has the lowest median tax rate of 0.58%. Understanding how these cities compare with Buck Hill Falls provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Buck Hill Falls Tax Rate
0.58%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Buck Hill Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18323 | 0.58% | 0.58% | 0.58% | 0.58% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Buck Hill Falls, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Buck Hill Falls, PA. 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 Monroe 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 Buck Hill Falls, 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 Buck Hill Falls helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Buck Hill Falls is $273,780, with tax bills ranging from $1,269 at the 25th percentile to $4,720 at the 90th percentile. Interestingly, the zip code 18323 has both the highest and lowest median tax bill at $1,725.
Property Tax Assessment Values Across Buck Hill Falls, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Buck Hill Falls Assessed Value
$273,780
Average Monroe County Assessed Value
$134,550
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Buck Hill Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18323 | $157,116 | $206,705 | $273,780 | $375,185 | $511,154 |
Source: Ownwell
Property Tax Bills Across Buck Hill Falls, Pennsylvania
In Buck Hill Falls, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate to this value. The median home price in this area is $273,780. Homeowners' tax bills can vary significantly based on their property's assessed value and the specific tax rate applied by Monroe County. For instance, the 25th percentile tax bill is $1,269, while the 75th percentile tax bill is $2,485, and the 90th percentile tax bill can reach up to $4,720. These figures highlight the range of property tax burdens homeowners may experience. For comparison, the national median property tax rate is 0.99%, making the property tax rate in Buck Hill Falls relatively competitive. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the local tax rate. Higher property taxes can affect homeowners by increasing their annual expenses, potentially influencing decisions about homeownership and property investments.
Average Buck Hill Falls Tax Bill
$1,725
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Buck Hill Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18323 | $962 | $1,269 | $1,725 | $2,485 | $4,720 |
Source: Ownwell