Jefferson Township, Wayne County, Pennsylvania Property Taxes
The median property tax rate in Jefferson Township, PA is 2.17%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Jefferson Township, the typical annual property tax bill reaches $3,700, exceeding the national median of $2,690. Property taxes in Jefferson Township 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 Jefferson Township'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 Jefferson Township 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
Jefferson Township, Wayne County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.17%
Estimate Property Tax Bill
$4,121
$3,824
Ownwell’s Jefferson Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Jefferson Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Jefferson Township 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 Jefferson Township, Wayne County, Pennsylvania
Property taxes in Jefferson Township, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Jefferson Township is 1.46%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Jefferson Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Jefferson Township 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 Jefferson Township's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 42127 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Jefferson Township provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Jefferson Township, Wayne County, Pennsylvania
Source: Ownwell
1.92%
2.17%
2.43%
Average Jefferson Township Tax Rate
2.17%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Jefferson Township, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18436 | 1.95% | 1.95% | 2.17% | 2.18% | 2.18% |
Source: Ownwell
Property Tax Assessment Values Across Jefferson Township, Wayne County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Jefferson Township, 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 local 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. In Jefferson Township, 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 Jefferson Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Jefferson Township are both $3,700, found in zip code 18436. The median home price in the area is $189,900, with tax bills ranging from $2,195 at the 25th percentile to $10,121 at the 90th percentile.
Property Tax Assessment Values Across Jefferson Township, Wayne County, Pennsylvania
Source: Ownwell
$7,000
$158,875
$310,750
Average Jefferson Township Assessed Value
$189,900
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Jefferson Township, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18436 | $31,540 | $101,200 | $189,900 | $240,600 | $493,220 |
Source: Ownwell
Property Tax Bills Across Jefferson Township, Wayne County, Pennsylvania
In Jefferson Township, 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 annual tax bill. For instance, with a median home price of $189,900, homeowners can expect varying tax bills. The 25th percentile tax bill is $2,195, while the 75th percentile tax bill reaches $4,688. At the 90th percentile, tax bills can soar to $10,121. Several factors influence these figures, including the property's market value, any applicable exemptions, and the local tax rate. Homeowners in Wayne County, where Jefferson Township is located, face median tax bills that can be as high as $3,700, notably higher than the national median property tax rate of 0.99%. These tax bills directly impact homeowners, influencing their annual expenses and potentially affecting their long-term financial planning. Understanding this calculation is crucial for homeowners to manage their finances effectively.
Property Tax Bills Across Jefferson Township, Wayne County, Pennsylvania
Source: Ownwell
$134
$3,658
$7,181
Average Jefferson Township Tax Bill
$3,700
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Jefferson Township, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18436 | $615 | $2,195 | $3,700 | $4,688 | $10,121 |
Source: Ownwell