Matamoras, Pennsylvania Property Taxes
The median property tax rate in Matamoras, PA is 4.67%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Matamoras, the typical annual property tax bill reaches $3,973, exceeding the national median of $2,690. Property taxes in Matamoras 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 Matamoras'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 Matamoras 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
Matamoras, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.67%
Estimate Property Tax Bill
$4,149
Ownwell’s Matamoras Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Matamoras with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Matamoras 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 Matamoras, Pennsylvania
Property taxes in Matamoras, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Matamoras is 4.67%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Matamoras set these rates annually, and they can vary significantly across different neighborhoods. Each year, Matamoras 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 Matamoras's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18336 has the highest median property tax rate of 4.67%, while the same zip code also has the lowest median tax rate of 4.67%. Understanding how these cities compare with Matamoras provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Matamoras Tax Rate
4.67%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Matamoras, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18336 | 4.02% | 4.02% | 4.67% | 4.67% | 4.67% |
Source: Ownwell
Property Tax Assessment Values Across Matamoras, Pennsylvania
In Matamoras, 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 Pike 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 Matamoras, 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. The median home price in Matamoras is $88,840, with tax bills ranging from $3,170 at the 25th percentile to $6,362 at the 90th percentile. The zip code 18336 has both the highest and lowest median tax bill at $3,973. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Matamoras Assessed Value
$88,840
Average Pike County Assessed Value
$106,483
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Matamoras, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18336 | $57,397 | $70,160 | $88,840 | $117,480 | $154,814 |
Source: Ownwell
Property Tax Bills Across Matamoras, Pennsylvania
In Matamoras, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For instance, with a median home price of $88,840, homeowners can expect varying tax bills. Factors such as property size, location, and improvements can influence the assessed value, leading to differences in tax bills. In Pike County, where Matamoras is located, the median property tax bill stands at $3,973, which is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile pay around $3,170, while those in the 75th percentile face bills of about $5,147. The top 10% of taxpayers can see bills as high as $6,362. These taxes fund essential local services like schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Matamoras Tax Bill
$3,973
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Matamoras, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18336 | $2,553 | $3,170 | $3,973 | $5,147 | $6,362 |
Source: Ownwell