Kresgeville, Pennsylvania Property Taxes
The median property tax rate in Kresgeville, PA is 0.38%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $137,510 in Kresgeville, the typical annual property tax bill amounts to $568, which is well below the national median of $2,690. Property taxes in Kresgeville are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Kresgeville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Kresgeville or another part of Monroe County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kresgeville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$523
Ownwell’s Kresgeville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kresgeville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kresgeville 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 Kresgeville, Pennsylvania
Property taxes in Kresgeville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kresgeville is 1.37%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Kresgeville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kresgeville 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 Kresgeville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania is 2.46%, while the lowest median tax rate is 0.91%. Understanding how these cities compare with Kresgeville 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 Kresgeville Tax Rate
0.38%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | 0.38% | 0.38% | 0.38% | 0.38% | 1.53% |
Source: Ownwell
Property Tax Assessment Values Across Kresgeville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kresgeville, 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 Kresgeville, 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 Kresgeville is $137,510, with tax bills ranging from $459 at the 25th percentile to $1,595 at the 90th percentile. The highest and lowest median tax bills are both $568, found in the 18333 zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kresgeville, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Kresgeville Assessed Value
$137,510
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 Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | $98,388 | $115,010 | $137,510 | $175,900 | $260,566 |
Source: Ownwell
Property Tax Bills Across Kresgeville, Pennsylvania
In Kresgeville, Monroe County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Kresgeville is $137,510. Homeowners in this area can expect varying tax bills depending on their property's assessed value and the local tax rate. For instance, the 25th percentile tax bill is around $459, while the 75th percentile tax bill reaches approximately $858. At the 90th percentile, homeowners might see tax bills as high as $1,595. These property tax bills are influenced by multiple factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Kresgeville's tax rates can impact homeowners differently based on the assessed value of their properties. Understanding these factors is crucial for homeowners to anticipate their tax responsibilities and budget accordingly.
Average Kresgeville Tax Bill
$568
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kresgeville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18333 | $380 | $459 | $568 | $858 | $1,595 |
Source: Ownwell