Marshalls Creek, Pennsylvania Property Taxes
The median property tax rate in Marshalls Creek, PA is 0.51%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $95,240 in Marshalls Creek, the typical annual property tax bill is $490, well below the national median of $2,690. Property taxes in Marshalls Creek are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding the property tax system in Marshalls Creek, exploring available exemptions, and identifying opportunities for reductions can lead to considerable annual savings. Whether you're in the heart of Marshalls Creek or another part of Monroe County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Marshalls Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.51%
Estimate Property Tax Bill
$486
Ownwell’s Marshalls Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Marshalls Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Marshalls Creek 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 Marshalls Creek, Pennsylvania
Property taxes in Marshalls Creek, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Marshalls Creek is 0.51%, which is lower than the U.S. national median of 0.99%. Local government entities within Marshalls Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Marshalls Creek 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 Marshalls Creek's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18335 has the highest median property tax rate of 0.51%, while the lowest median tax rate is also found in zip code 18335 at 0.51%. Understanding how these rates compare with Marshalls Creek 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 Marshalls Creek Tax Rate
0.51%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Marshalls Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18335 | 0.50% | 0.51% | 0.51% | 0.51% | 0.51% |
Source: Ownwell
Property Tax Assessment Values Across Marshalls Creek, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Marshalls Creek, Pennsylvania. 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 Marshalls Creek, 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 Marshalls Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median property tax bill in Marshalls Creek is $490.00, which is consistent across the zip code 18335.
Property Tax Assessment Values Across Marshalls Creek, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Marshalls Creek Assessed Value
$95,240
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 Marshalls Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18335 | $53,766 | $60,730 | $95,240 | $131,990 | $197,572 |
Source: Ownwell
Property Tax Bills Across Marshalls Creek, Pennsylvania
In Marshalls Creek, located in Monroe County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local assessors and is used to calculate your tax obligation. Several factors influence this assessed value, including the property's size, location, and overall condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Marshalls Creek, the median home price is $95,240. The property tax bills can vary significantly, with the 25th percentile tax bill being $313, and the 75th percentile reaching $679. At the 90th percentile, homeowners might pay as much as $1,017. The highest and lowest median tax bills in the area are both $490, indicating a relatively consistent tax rate within the zip code 18335. These property taxes directly impact homeowners by contributing to local services such as schools, public safety, and infrastructure, making it essential for homeowners to understand how their tax bills are calculated and what they are funding.
Average Marshalls Creek Tax Bill
$490
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Marshalls Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18335 | $268 | $313 | $490 | $679 | $1,017 |
Source: Ownwell