Kingsley, Pennsylvania Property Taxes
The median property tax rate in Kingsley, PA is 3.02%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kingsley at $39,300, the typical annual property tax bill reaches $1,157, exceeding the national median of $2,690. Property taxes in Kingsley 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 Kingsley'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 Kingsley 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
Kingsley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.02%
Estimate Property Tax Bill
$1,187
Ownwell’s Kingsley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kingsley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kingsley 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 Kingsley, Pennsylvania
Property taxes in Kingsley, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kingsley is 3.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kingsley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kingsley 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 Kingsley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18826 has both the highest and lowest median property tax rate of 3.02%. Understanding how these cities compare with Kingsley provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kingsley Tax Rate
3.02%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kingsley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18826 | 2.88% | 2.88% | 3.02% | 3.02% | 3.07% |
Source: Ownwell
Property Tax Assessment Values Across Kingsley, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Kingsley, PA. 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 Susquehanna County Appraisal District 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. 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 Kingsley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Kingsley is $39,300, with tax bills ranging from $613 at the 25th percentile to $2,501 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 18826, with a median tax bill of $1,157.
Average Kingsley Assessed Value
$39,300
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kingsley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18826 | $10,800 | $20,000 | $39,300 | $58,800 | $86,400 |
Source: Ownwell
Property Tax Bills Across Kingsley, Pennsylvania
In Kingsley, property tax bills are calculated based on the assessed value of a home and the applicable tax rate set by local authorities. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Homeowners in Kingsley can expect their tax bills to vary significantly depending on the value of their property. For instance, the median home price in the area is $39,300. Tax bills in Kingsley range from $613 at the 25th percentile to $2,501 at the 90th percentile, demonstrating a wide variance based on property values and assessments. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners should be aware that their property tax bill can have a substantial impact on their annual budget. Comparatively, the median property tax rate in Kingsley aligns closely with the national median of 0.99%, making it a significant, yet typical, expense for residents.
Average Kingsley Tax Bill
$1,157
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kingsley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18826 | $313 | $613 | $1,157 | $1,743 | $2,501 |
Source: Ownwell