Sheppton, Pennsylvania Property Taxes
The median property tax rate in Sheppton, PA, is 2.72%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sheppton, the typical annual property tax bill reaches $1,363, which is below the national median of $2,690. Property taxes in Sheppton 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 Sheppton'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 Sheppton 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
Sheppton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.72%
Estimate Property Tax Bill
$1,362
Ownwell’s Sheppton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheppton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheppton 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 Sheppton, Pennsylvania
Property taxes in Sheppton, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheppton is 2.72%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sheppton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheppton 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 Sheppton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18248 has the highest median property tax rate of 2.72%, while the same zip code also has the lowest median tax rate of 2.72%. Understanding how these cities compare with Sheppton 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 Sheppton Tax Rate
2.72%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheppton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18248 | 2.72% | 2.72% | 2.72% | 2.72% | 2.72% |
Source: Ownwell
Property Tax Assessment Values Across Sheppton, Pennsylvania
In Sheppton, 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 Sheppton, 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 Sheppton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18248 has both the highest and lowest median tax bill at $1,363, reflecting the variability in property values within the region.
Average Sheppton Assessed Value
$50,061
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 Sheppton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18248 | $26,806 | $34,740 | $50,061 | $76,878 | $105,712 |
Source: Ownwell
Property Tax Bills Across Sheppton, Pennsylvania
In Sheppton, located in Schuylkill County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual tax bill. For instance, with a median home price of $50,061, homeowners can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the property tax bill, including the home's market value, any applicable exemptions, and the local tax rate. In Sheppton, the 25th percentile tax bill is around $946, while the 75th percentile reaches $2,093. The 90th percentile tax bill can go up to $2,878, showing a significant range based on property values and assessments. These property taxes fund essential community services such as schools, infrastructure, and emergency services. For homeowners, understanding how their property tax is calculated helps in financial planning and ensuring they are not overpaying compared to the national median property tax rate of 0.99%.
Average Sheppton Tax Bill
$1,363
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheppton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18248 | $730 | $946 | $1,363 | $2,093 | $2,878 |
Source: Ownwell