Cressona, Pennsylvania Property Taxes
The median property tax rate in Cressona, PA is 3.31%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $56,571 in Cressona, the typical annual property tax bill reaches $1,871, which is below the national median of $2,690. Property taxes in Cressona are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Cressona's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Cressona or another part of Schuylkill County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Cressona, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.31%
Estimate Property Tax Bill
$1,873
Ownwell’s Cressona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cressona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cressona 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 Cressona, Pennsylvania
Property taxes in Cressona, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cressona is 3.31%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cressona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cressona 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 Cressona's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17929 has the highest median property tax rate of 3.31%, while the same zip code also has the lowest median tax rate of 3.31%. Understanding how these cities compare with Cressona provides valuable insights into the varying tax landscape across Schuylkill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cressona Tax Rate
3.31%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cressona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17929 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Cressona, Pennsylvania
In Cressona, 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 Schuylkill 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 Cressona, 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 Cressona helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Cressona is $56,571, and the median tax bill is $1,871 in zip code 17929, which is the same for both the highest and lowest median tax bills in the area.
Average Cressona Assessed Value
$56,571
Average Schuylkill County Assessed Value
$47,370
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cressona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17929 | $36,806 | $46,420 | $56,571 | $78,660 | $114,708 |
Source: Ownwell
Property Tax Bills Across Cressona, Pennsylvania
In Cressona, located in Schuylkill County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to establish the annual property tax bill. For homeowners in Cressona, the median home price stands at $56,571. Property tax bills can vary significantly, with the 25th percentile at $1,536 and the 75th percentile at $2,601. At the 90th percentile, homeowners might see a tax bill as high as $3,795. These figures indicate that property taxes in Cressona can be quite substantial relative to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area both stand at $1,871, reflecting a consistent tax burden across different properties. Understanding these factors is crucial for homeowners as they directly impact annual expenses and overall affordability of owning property in Cressona.
Average Cressona Tax Bill
$1,871
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cressona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17929 | $1,218 | $1,536 | $1,871 | $2,601 | $3,795 |
Source: Ownwell