Noxen, Pennsylvania Property Taxes
The median property tax rate in Noxen, PA is 4.74%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Noxen, the typical annual property tax bill reaches $1,837, exceeding the national median of $2,690. Property taxes in Noxen 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 Noxen'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 Noxen 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
Noxen, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.74%
Estimate Property Tax Bill
$1,796
-$18,827
Ownwell’s Noxen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Noxen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Noxen 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 Noxen, Pennsylvania
Property taxes in Noxen, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Noxen is 4.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Noxen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Noxen 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 Noxen's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18636 zip code has the highest median property tax rate of 4.74%, while the same zip code also has the lowest median tax rate of 4.74%. Understanding how these areas compare with Noxen provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Noxen Tax Rate
4.74%
Average Wyoming County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Noxen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18636 | 4.74% | 4.74% | 4.74% | 4.74% | 4.74% |
Source: Ownwell
Property Tax Assessment Values Across Noxen, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Noxen, Pennsylvania. 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 Wyoming 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 Noxen, 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 Noxen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18636 has the highest and lowest median tax bill, both at $1,837. With the median home price at $37,900, knowing these details is essential for property owners in Noxen.
Average Noxen Assessed Value
$37,900
Average Wyoming County Assessed Value
$49,130
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Noxen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18636 | $16,876 | $25,950 | $37,900 | $54,170 | $83,872 |
Source: Ownwell
Property Tax Bills Across Noxen, Pennsylvania
In Noxen, Wyoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Noxen, the median home price is $37,900, and the property tax rate is applied to this value to calculate the tax bill. Factors that influence the tax bill include the assessed value of the property, which can be affected by market conditions and any improvements made to the home. The tax bill can vary significantly, with the 25th percentile at $1,243 and the 75th percentile at $2,604. At the 90th percentile, homeowners might see a tax bill as high as $4,048. This variability can impact homeowners' finances, making it crucial to understand how these assessments and rates apply to their specific property. The highest and lowest median tax bill in the area is $1,837, highlighting the range of property tax obligations in Noxen.
Average Noxen Tax Bill
$1,837
Average Wyoming County Tax Bill
$2,930
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Noxen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18636 | $850 | $1,243 | $1,837 | $2,604 | $4,048 |
Source: Ownwell