Tower City, Pennsylvania Property Taxes
The median property tax rate in Tower City, PA is 2.75%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tower City, the typical annual property tax bill reaches $1,062, exceeding the national median of $2,690. Property taxes in Tower City 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 Tower City'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 Tower City 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
Tower City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.75%
Estimate Property Tax Bill
$1,022
Ownwell’s Tower City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tower City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tower City 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 Tower City, Pennsylvania
Property taxes in Tower City, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tower City is 2.75%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tower City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tower City 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 Tower City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17980 zip code has both the highest and lowest median property tax rate of 2.75%. Understanding how these cities compare with Tower City 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 Tower City Tax Rate
2.75%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tower City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17980 | 2.75% | 2.75% | 2.75% | 3.08% | 3.08% |
Source: Ownwell
Property Tax Assessment Values Across Tower City, Pennsylvania
In Tower City, 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 Tower City, 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 Tower City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Tower City is $1,062, and the lowest median tax bill is also $1,062, both in the 17980 zip code.
Average Tower City Assessed Value
$37,155
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 Tower City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17980 | $22,226 | $27,905 | $37,155 | $55,962 | $80,276 |
Source: Ownwell
Property Tax Bills Across Tower City, Pennsylvania
In Tower City, Schuylkill County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by local government assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in this area, property tax bills can vary significantly. The median home price in Tower City is $37,155, and property tax bills range widely across different percentiles. For instance, at the 25th percentile, homeowners might pay around $812 annually, whereas at the 75th percentile, the tax bill can rise to approximately $1,606. At the 90th percentile, it can reach up to $2,263. Comparatively, the highest median tax bill in the county is $1,062, which is significantly higher than the national median property tax rate of 0.99%. These taxes contribute to local services such as schools, infrastructure, and emergency services, impacting the overall cost of homeownership in Tower City.
Average Tower City Tax Bill
$1,062
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tower City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17980 | $650 | $812 | $1,062 | $1,606 | $2,263 |
Source: Ownwell