Portland, Pennsylvania Property Taxes
The median property tax rate in Portland, PA is 4.38%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Portland at $89,000, the typical annual property tax bill reaches $4,624, far exceeding the national median of $2,690. Property taxes in Portland are calculated based on the tax assessed value, which often falls below market value due to various exemptions like primary residence and agricultural exemptions. Understanding Portland'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 Portland 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
Portland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.38%
Estimate Property Tax Bill
$3,898
Ownwell’s Portland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Portland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Portland 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 Portland, Pennsylvania
Property taxes in Portland, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Portland is 4.38%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Portland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Portland 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 Portland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18351 zip code has the highest median property tax rate of 4.38%, while the same zip code also has the lowest median tax rate of 4.38%. Understanding how these cities compare with Portland 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 Portland Tax Rate
4.38%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Portland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18351 | 3.38% | 4.38% | 4.38% | 4.38% | 4.38% |
Source: Ownwell
Property Tax Assessment Values Across Portland, Pennsylvania
In Portland, 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 Portland, 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. The median home price in Portland is $89,000, with tax bills varying significantly. The 25th percentile tax bill is $3,894, while the 75th percentile reaches $5,052, and the 90th percentile tops out at $7,722. The zip code 18351 has both the highest and lowest median tax bill of $4,624. 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 Portland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Portland Assessed Value
$89,000
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 Portland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18351 | $66,160 | $76,800 | $89,000 | $105,600 | $122,720 |
Source: Ownwell
Property Tax Bills Across Portland, Pennsylvania
In Portland, Northampton County, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors such as the size of the property, location, and any improvements made can influence the assessed value. For homeowners in Portland, the median home price is $89,000. The property tax bill can vary significantly, with the 25th percentile at $3,894 and the 75th percentile at $5,052. At the higher end, the 90th percentile tax bill reaches $7,722. This variability can impact homeowners' financial planning and budgeting. Compared to the national median property tax rate of 0.99%, homeowners in Portland might face higher property tax bills, which can be a significant financial consideration when purchasing or owning property in this area. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Portland Tax Bill
$4,624
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Portland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18351 | $1,144 | $3,894 | $4,624 | $5,052 | $7,722 |
Source: Ownwell