Bangor, Pennsylvania Property Taxes
The median property tax rate in Bangor, PA is 3.78%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bangor at $103,400, the typical annual property tax bill reaches $4,141, exceeding the national median of $2,690. Property taxes in Bangor 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 Bangor'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 Bangor or another part of Northampton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bangor, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.78%
Estimate Property Tax Bill
$3,909
Ownwell’s Bangor Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bangor with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bangor 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 Northampton County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bangor, Pennsylvania
Property taxes in Bangor, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bangor is 3.78%, significantly higher than the U.S. national median of 0.99%. Local government entities within Bangor set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bangor 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 Bangor's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18013 zip code has both the highest and lowest median property tax rate of 3.78%. Understanding how these cities compare with Bangor provides valuable insights into the varying tax landscape across Northampton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bangor Tax Rate
3.78%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bangor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18013 | 3.64% | 3.76% | 3.78% | 4.27% | 4.27% |
Source: Ownwell
Property Tax Assessment Values Across Bangor, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bangor, 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 the Northampton 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 Bangor, 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. For example, the median home price in Bangor is $103,400, with tax bills ranging from $3,257 at the 25th percentile to $7,720 at the 90th percentile. The highest and lowest median tax bill, both at $4,141, are found in the 18013 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Average Bangor Assessed Value
$103,400
Average Northampton County Assessed Value
$115,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bangor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18013 | $62,000 | $78,600 | $103,400 | $143,600 | $200,200 |
Source: Ownwell
Property Tax Bills Across Bangor, Pennsylvania
In Bangor, Northampton 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 Bangor is $103,400. Property taxes are then levied on this assessed value using the local tax rate. Homeowners in Bangor can expect a wide range of tax bills, with the 25th percentile paying around $3,257, while those in the 75th percentile see bills closer to $5,680. For the top 10% of taxpayers, the bill can reach up to $7,720. These property taxes play a significant role in funding local services such as schools, infrastructure, and public safety. Homeowners with higher property values or those living in areas with higher tax rates will naturally face larger tax bills. With the national median property tax rate at 0.99%, Bangor's property tax rates can have a substantial impact on homeowners, influencing their overall cost of living and financial planning.
Average Bangor Tax Bill
$4,141
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bangor, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18013 | $2,579 | $3,257 | $4,141 | $5,680 | $7,720 |
Source: Ownwell