Canadensis, Monroe County, Pennsylvania Property Taxes
The median property tax rate in Canadensis, PA is 0.58%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Canadensis, the typical annual property tax bill is $880, well below the national median of $2,690. Property taxes in Canadensis are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Canadensis' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Canadensis or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Canadensis, Monroe County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.58%
Estimate Property Tax Bill
$892
$827
Ownwell’s Canadensis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Canadensis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Canadensis 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 Canadensis, Monroe County, Pennsylvania
Property taxes in Canadensis, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Canadensis is 0.58%, which is significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Canadensis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Canadensis 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 Canadensis's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18325 has both the highest and the lowest median property tax rate of 0.58%. Understanding how these figures compare with Canadensis 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 Canadensis 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 Canadensis, Monroe County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | 0.39% | 0.58% | 0.58% | 0.58% | 0.58% |
Source: Ownwell
Property Tax Assessment Values Across Canadensis, Monroe County, Pennsylvania
In Canadensis, 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 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 Canadensis, 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 Canadensis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $153,730, with the highest and lowest median tax bills both at $880 in zip code 18325.
Property Tax Assessment Values Across Canadensis, Monroe County, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Canadensis Assessed Value
$153,730
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 Canadensis, Monroe County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | $91,660 | $118,445 | $153,730 | $208,585 | $288,720 |
Source: Ownwell
Property Tax Bills Across Canadensis, Monroe County, Pennsylvania
In Canadensis, Monroe County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Canadensis face a median property tax rate of 0.99%, aligning with the national median. For a median home price of $153,730, the tax bill can vary significantly. At the 25th percentile, homeowners might pay around $633, while those at the 75th percentile could see bills as high as $1,364. The tax burden can be even higher, reaching up to $2,956 at the 90th percentile. These variations depend on factors such as property improvements, neighborhood developments, and changes in market conditions. For homeowners, this means that property taxes can represent a substantial annual expense, impacting budgeting and financial planning. Understanding how these taxes are calculated can help residents better anticipate their financial obligations and potential savings through appeals or exemptions.
Average Canadensis Tax Bill
$880
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Canadensis, Monroe County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18325 | $482 | $633 | $880 | $1,364 | $2,956 |
Source: Ownwell