Monroeton, Bradford County, Pennsylvania Property Taxes
Median Monroeton, PA effective property tax rate: 3.27%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Monroeton, PA home value: $51,995
Median annual Monroeton, PA tax bill: $1,621, $779 lower than the national median property tax bill of $2,400.
How are property taxes in Bradford calculated?
Property taxes in Monroeton, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Monroeton’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monroeton, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monroeton, Bradford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.3%
Estimate Property Tax Bill
$1,716
$1,592
Property Tax Rates Across Monroeton, Bradford County, Pennsylvania
Local government entities are responsible for setting tax rates, which can vary significantly within a state. Each year, counties estimate the budget necessary to provide public services and divide it by the total assessed value of all taxable properties in their jurisdiction. This calculation determines the property tax rate. While votes and legislation influence the setting of tax rates and budgets, this is the core of the annual process.
In Monroeton, located in Bradford County, Pennsylvania, the effective property tax rate stands at 3.27%. This rate is notably higher than both the Pennsylvania state median and the national median property tax rate of 1.02%. Property owners in Monroeton face a higher tax burden compared to many other areas, which can significantly impact their financial planning. Understanding these rates is crucial for property owners when considering their overall expenses. While Monroeton's tax rate is consistent across the zip code 18832, it remains important for residents to stay informed about potential changes in tax policy that could affect their property tax obligations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monroeton Tax Rate
3.30%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bradford County Tax Rate
3.29%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monroeton, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18832 | 2.24% | 3.19% | 3.30% | 3.49% | 3.64% |
Source: Ownwell
Property Tax Assessment Values Across Monroeton, Bradford County, Pennsylvania
When examining property taxes in Monroeton, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bradford County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bradford County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monroeton. For example, the median home price in Monroeton is $51,995, with tax bills ranging significantly across the county. Zip code 18832 has the highest median home price at $51,995.
Property Tax Assessment Values Across Monroeton, Bradford County, Pennsylvania
Source: Ownwell
$32,495
$63,148
$93,800
Median Monroeton Market Value
$51,995
Median Bradford County Market Value
$61,871
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monroeton, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18832 | $21,741 | $33,313 | $51,995 | $77,668 | $108,557 |
Source: Ownwell
Property Tax Bills Across Monroeton, Bradford County, Pennsylvania
Median Monroeton Tax Bill
$1,634
Median Bradford County Tax Bill
$2,006
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Monroeton, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18832 | $631 | $1,047 | $1,634 | $2,381 | $3,131 |
Source: Ownwell