Pocono Lake Preserve, Pennsylvania Property Taxes
The median property tax rate in Pocono Lake Preserve, PA is 0.52%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Pocono Lake Preserve, the typical annual property tax bill reaches $757, which is well below the national median of $2,690. Property taxes in Pocono Lake Preserve are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Pocono Lake Preserve'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 Pocono Lake Preserve or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Pocono Lake Preserve, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.52%
Estimate Property Tax Bill
$762
Ownwell’s Pocono Lake Preserve Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Pocono Lake Preserve with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Pocono Lake Preserve 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 Pocono Lake Preserve, Pennsylvania
Property taxes in Pocono Lake Preserve, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Pocono Lake Preserve is 0.52%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Pocono Lake Preserve set these rates annually, and they can vary significantly across different neighborhoods. Each year, Pocono Lake Preserve 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 Pocono Lake Preserve's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18348 zip code has the highest median property tax rate of 0.52%, while the 18348 zip code also has the lowest median tax rate of 0.52%. Understanding how these cities compare with Pocono Lake Preserve 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 Pocono Lake Preserve 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 Pocono Lake Preserve, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18348 | 0.52% | 0.52% | 0.52% | 0.52% | 0.52% |
Source: Ownwell
Property Tax Assessment Values Across Pocono Lake Preserve, Pennsylvania
In Pocono Lake Preserve, 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 Pocono Lake Preserve, 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 Pocono Lake Preserve helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $757, found in the zip code 18348.
Property Tax Assessment Values Across Pocono Lake Preserve, Pennsylvania
Source: Ownwell
$70,390
$620,630
$1,170,870
Average Pocono Lake Preserve Assessed Value
$146,450
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 Pocono Lake Preserve, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18348 | $103,622 | $120,980 | $146,450 | $238,690 | $534,206 |
Source: Ownwell
Property Tax Bills Across Pocono Lake Preserve, Pennsylvania
In Pocono Lake Preserve, property tax bills are calculated based on the assessed value of the property, which is determined by Monroe County. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in this area, the median home price is $146,450. The tax bills vary significantly, with the 25th percentile at $625 and the 75th percentile at $1,233. Notably, the 90th percentile tax bill can reach up to $2,840. These tax bills are influenced by multiple factors, including the property's assessed value, local tax rates, and any applicable exemptions. Homeowners in Pocono Lake Preserve should be aware that their property tax bill may be higher or lower than the national median property tax rate of 0.99%, depending on these variables. Understanding how these factors interplay can help homeowners better anticipate their annual property tax obligations and manage their financial planning accordingly.
Average Pocono Lake Preserve Tax Bill
$757
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Pocono Lake Preserve, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18348 | $535 | $625 | $757 | $1,233 | $2,840 |
Source: Ownwell