Kunkletown, Pennsylvania Property Taxes
The median property tax rate in Kunkletown, 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 $136,260 in Kunkletown, the typical annual property tax bill is approximately $604, which is well below the national median of $2,690. Property taxes in Kunkletown 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 Kunkletown'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 Kunkletown or another part of Monroe County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Kunkletown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.38%
Estimate Property Tax Bill
$518
Ownwell’s Kunkletown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kunkletown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kunkletown 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 Kunkletown, Pennsylvania
Property taxes in Kunkletown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kunkletown is 0.38%, significantly lower than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Kunkletown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kunkletown 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 Kunkletown'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 2.47%, while the lowest median tax rate is 0.91%. Understanding how these cities compare with Kunkletown 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 Kunkletown 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 Kunkletown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18058 | 0.38% | 0.38% | 0.38% | 0.54% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Kunkletown, Pennsylvania
In Kunkletown, 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 Kunkletown, 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 Kunkletown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 18058, with a median tax bill of $604.
Property Tax Assessment Values Across Kunkletown, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Kunkletown Assessed Value
$136,260
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 Kunkletown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18058 | $62,918 | $98,560 | $136,260 | $185,785 | $248,022 |
Source: Ownwell
Property Tax Bills Across Kunkletown, Pennsylvania
In Kunkletown, located in Monroe County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local government assessors and is meant to reflect the property's market value. The tax rate, known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. For homeowners in Kunkletown, the median home price is $136,260. Property tax bills in Kunkletown can vary significantly. For example, the tax bill at the 25th percentile is $419, while at the 75th percentile, it is $901. At the 90th percentile, homeowners might pay up to $1506. The highest and lowest median tax bills in the area are both $604, indicating a relatively consistent tax rate across different properties. Compared to the national median property tax rate of 0.99%, Kunkletown’s rates can be seen as moderate, affecting homeowners' annual budgets in varying degrees depending on their property's assessed value.
Average Kunkletown Tax Bill
$604
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kunkletown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18058 | $286 | $419 | $604 | $901 | $1,506 |
Source: Ownwell