Walnutport, Pennsylvania Property Taxes
The median property tax rate in Walnutport, PA is 3.61%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Walnutport at $106,200, the typical annual property tax bill reaches $4,325, exceeding the national median of $2,690. Property taxes in Walnutport 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 Walnutport'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 Walnutport 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
Walnutport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.61%
Estimate Property Tax Bill
$3,834
Ownwell’s Walnutport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Walnutport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Walnutport 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 Walnutport, Pennsylvania
Property taxes in Walnutport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Walnutport is 3.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Walnutport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Walnutport 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 Walnutport's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 18088 zip code has the highest median property tax rate of 3.61%, while the same zip code also has the lowest median tax rate of 3.61%. Understanding how these areas compare with Walnutport 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 Walnutport Tax Rate
3.61%
Average Northampton County Tax Rate
3.95%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Walnutport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18088 | 3.61% | 3.61% | 3.61% | 3.61% | 4.94% |
Source: Ownwell
Property Tax Assessment Values Across Walnutport, Pennsylvania
In Walnutport, 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 Walnutport, 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 Walnutport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18088 has the highest and lowest median tax bill, both at $4,325.
Property Tax Assessment Values Across Walnutport, Pennsylvania
Source: Ownwell
$66,500
$208,650
$350,800
Average Walnutport Assessed Value
$106,200
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 Walnutport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18088 | $39,800 | $73,600 | $106,200 | $142,800 | $189,560 |
Source: Ownwell
Property Tax Bills Across Walnutport, Pennsylvania
In Walnutport, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the market value of the property. Homeowners in Walnutport, located in Northampton County, can expect their tax bills to vary significantly depending on the assessed value of their homes. For instance, the 25th percentile tax bill is around $3,056, while the 75th percentile tax bill is approximately $5,452. At the higher end, the 90th percentile tax bill reaches about $6,941. These tax bills are influenced by various factors, including property size, location, and any improvements made to the property. Homeowners in Walnutport should be aware that their property tax rate may differ from the national median property tax rate of 0.99%. Understanding these factors can help homeowners anticipate their annual tax obligations and plan accordingly.
Average Walnutport Tax Bill
$4,325
Average Northampton County Tax Bill
$4,642
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Walnutport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18088 | $1,574 | $3,056 | $4,325 | $5,452 | $6,941 |
Source: Ownwell