Cresco, Monroe County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Cresco, Monroe County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cresco, PA effective property tax rate: 0.45%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Cresco, PA home value: $130,260
Median annual Cresco, PA tax bill: $694, $1,706 lower than the national median property tax bill of $2,400.

How are property taxes in Monroe calculated?

Property taxes in Cresco, 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 Cresco’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cresco, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cresco, Monroe County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.45%

Estimate Property Tax Bill

$586

$544

Ownwell’s Cresco Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cresco with just two data points. By entering your property's estimated assessed value, our calculator applies Cresco’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Monroe County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cresco, Monroe County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. This variation occurs because each county estimates its required budget to provide services annually and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Cresco’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

In Cresco, located in Monroe County, the median property tax rate is 0.45%. This is significantly lower than the national median property tax rate of 1.02%. Cresco’s rate is also indicative of the rates across the county, making it one of the more affordable areas for property taxes in Pennsylvania. With the national median property tax bill standing at $2400, Cresco offers a more economical option for property owners looking to save on property taxes.

Property Tax Rates Across Cresco, Monroe County, Pennsylvania

Source: Ownwell

0.35%

0.66%

0.97%

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 Cresco Tax Rate

0.45%

Median Effective Monroe County Tax Rate

0.59%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cresco, Monroe County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18326	0.39%	0.45%	0.45%	0.58%	0.73%

Source: Ownwell

Property Tax Assessment Values Across Cresco, Monroe County, Pennsylvania

When examining property taxes in Cresco, 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 Monroe County Board of Assessment 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 Monroe 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 Cresco. For example, the median home price in Cresco is $130,260, with tax bills ranging significantly across the county. 18326 has the highest median home price at $130,260.

Property Tax Assessment Values Across Cresco, Monroe County, Pennsylvania

Source: Ownwell

$70,390

$620,630

$1,170,870

Median Cresco Market Value

$130,260

Median Monroe County Market Value

$134,550

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cresco, Monroe County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18326	$57,482	$92,950	$130,260	$175,100	$238,214

Source: Ownwell

Property Tax Bills Across Cresco, Monroe County, Pennsylvania

In Cresco, Monroe 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 tax rate to determine the annual tax bill. The median home price in Cresco is $130,260, which impacts the assessed value and consequently, the tax bill. For homeowners in this area, property tax bills can vary significantly. The 25th percentile tax bill is $476, while the 75th percentile reaches $1,013, and the 90th percentile can be as high as $1,890. These figures indicate a range of financial impacts on homeowners, depending on their home's assessed value. The median property tax bill in Cresco is $694, which is significantly lower than the national median of $2,400. Ownwell can assist homeowners by identifying potential savings through property tax appeals and exemptions, ensuring they are not overpaying. By leveraging expert knowledge and local data, Ownwell helps homeowners reduce their property tax burden effectively.

Property Tax Bills Across Cresco, Monroe County, Pennsylvania

Source: Ownwell

$485

$3,694

$6,902

Median Cresco Tax Bill

$694

Median Monroe County Tax Bill

$814

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Cresco, Monroe County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18326	$299	$476	$694	$1,013	$1,890

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Monroe Tax Assessor
Website	agencies.monroecountypa.gov