Martins Creek, Pennsylvania Property Taxes
The median property tax rate in Martins Creek, PA is 4.22%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Martins Creek, the typical annual property tax bill reaches $4,271, exceeding the national median of $2,690. Property taxes in Martins Creek 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 Martins Creek'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 Martins Creek 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
Martins Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.22%
Estimate Property Tax Bill
$4,266
Ownwell’s Martins Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Martins Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Martins 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Martins Creek, Pennsylvania
Property taxes in Martins 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 Martins Creek is 4.22%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Martins Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Martins 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 Martins Creek's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18063 has the highest median property tax rate of 4.22%, while the same zip code also has the lowest median tax rate of 4.22%. Understanding how these areas compare with Martins Creek 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 Martins Creek Tax Rate
4.22%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Martins Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18063 | 4.22% | 4.22% | 4.22% | 4.22% | 4.22% |
Source: Ownwell
Property Tax Assessment Values Across Martins Creek, Pennsylvania
In Martins Creek, 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 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 Martins 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 Martins Creek 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 $4271, found in the 18063 zip code.
Property Tax Assessment Values Across Martins Creek, Pennsylvania
Source: Ownwell
$66,500
$208,650
$350,800
Average Martins Creek Assessed Value
$101,100
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 Martins Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18063 | $80,800 | $88,750 | $101,100 | $115,600 | $135,900 |
Source: Ownwell
Property Tax Bills Across Martins Creek, Pennsylvania
In Martins Creek, located in Northampton County, PA, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the size, age, and condition of the property, as well as recent sales of comparable properties in the area. Homeowners in Martins Creek face a median property tax rate that is notably higher than the national median of 0.99%. The median home price in Martins Creek is $101,100, contributing to tax bills that range from $3,749 at the 25th percentile to $5,741 at the 90th percentile. This can significantly impact homeowners' budgets, making it essential for them to understand and potentially appeal their property assessments to ensure they are not overpaying.
Average Martins Creek Tax Bill
$4,271
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Martins Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18063 | $3,413 | $3,749 | $4,271 | $4,884 | $5,741 |
Source: Ownwell