Long Pond, Pennsylvania Property Taxes
The median property tax rate in Long Pond, PA is 0.52%, considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Long Pond at $126,845, the typical annual property tax bill reaches $708, significantly below the national median of $2,690. Property taxes in Long Pond 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 Long Pond'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 Long Pond 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
Long Pond, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$660
Ownwell’s Long Pond Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Long Pond with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Long Pond 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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Long Pond, Pennsylvania
Property taxes in Long Pond, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Long Pond is 0.52%, which is significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Long Pond set these rates annually, and they can vary significantly across different neighborhoods. Each year, Long Pond 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 Long Pond's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18334 zip code has the highest median property tax rate of 0.52%, while the 18334 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Long Pond 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 Long Pond Tax Rate
0.52%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Long Pond, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18334 | 0.52% | 0.52% | 0.52% | 0.52% | 2.22% |
Source: Ownwell
Property Tax Assessment Values Across Long Pond, Pennsylvania
In Long Pond, 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 Monroe County 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 Long Pond, 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 Long Pond helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in zip code 18334 are both $708.
Property Tax Assessment Values Across Long Pond, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Long Pond Assessed Value
$126,845
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 Long Pond, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18334 | $81,967 | $97,840 | $126,845 | $175,992 | $235,895 |
Source: Ownwell
Property Tax Bills Across Long Pond, Pennsylvania
Property tax bills in Long Pond, Monroe County, PA, are calculated based on the assessed value of a property 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 Long Pond pay a median property tax rate of 0.99%, which aligns with the national median. For instance, with a median home price of $126,845, property owners can expect to pay around $708 annually in property taxes. However, this amount can vary significantly. The 25th percentile tax bill is approximately $521, while the 75th percentile tax bill is about $1,015. At the higher end, the 90th percentile tax bill reaches up to $2,049. These property taxes fund essential public services such as schools, emergency services, and infrastructure maintenance. Consequently, understanding how property tax bills are calculated can help homeowners in Long Pond better anticipate their annual expenses and budget accordingly.
Average Long Pond Tax Bill
$708
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Long Pond, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18334 | $435 | $521 | $708 | $1,015 | $2,049 |
Source: Ownwell