Tafton, Pike County, Pennsylvania Property Taxes

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws play a role in setting tax rates and budgets, this is the process in a nutshell.

In Tafton, located in Pike County, Pennsylvania, the effective property tax rate reflects these calculations. The median property tax rate in Tafton stands at 2.69%, which is significantly higher than the national median of 1.02%. This indicates a higher property tax burden for residents compared to the national average. However, it's important to note that this rate is consistent across the region, as Tafton shares the same median tax rate with other areas in its zip code. Understanding these local tax dynamics can help property owners make informed decisions about their investments and potential tax savings. Comparing Tafton's effective property tax rate to other cities in Pennsylvania and the U.S. provides valuable insight into the local tax landscape.

In Tafton, located in Pike 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. Homeowners in Tafton experience varying tax bills, with the 25th percentile at $2,178 and the 75th percentile reaching $4,244. The 90th percentile tax bill can go as high as $6,109, significantly above the national median property tax bill of $2,400. With a median home price of $111,602, these tax bills can represent a substantial financial burden for homeowners.

Ownwell offers a solution by providing property tax appeal services, helping homeowners potentially lower their tax bills. By analyzing property assessments and market conditions, Ownwell identifies opportunities for reducing the assessed value, leading to potential tax savings. This service can be particularly beneficial for those facing higher tax bills, ensuring they are not overpaying compared to the true market value of their property.