Leesport, Pennsylvania Property Taxes
The median property tax rate in Leesport, PA is 3.97%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Leesport being $109,550, the typical annual property tax bill reaches $4,478, exceeding the national median of $2,690. Property taxes in Leesport 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 Leesport'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 Leesport or another part of Berks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leesport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.97%
Estimate Property Tax Bill
$4,349
Ownwell’s Leesport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leesport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leesport 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 Leesport, Pennsylvania
Property taxes in Leesport, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Leesport stands at 3.97%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Leesport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leesport 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 Leesport's effective property tax rate to other areas in Berks County and the national median. For comparison, the zip code 19533 has both the highest and lowest median property tax rate of 3.97%. Understanding how these areas compare with Leesport provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Leesport Tax Rate
3.97%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19533 | 3.67% | 3.97% | 3.97% | 4.57% | 4.57% |
Source: Ownwell
Property Tax Assessment Values Across Leesport, Pennsylvania
In Leesport, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Berks 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 Leesport, 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 Leesport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the median home price in Leesport is $109,550, with the 25th percentile tax bill at $3,215 and the 75th percentile at $6,391. The highest and lowest median tax bill is $4,478 in the zip code 19533.
Average Leesport Assessed Value
$109,550
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19533 | $55,500 | $77,000 | $109,550 | $162,975 | $205,988 |
Source: Ownwell
Property Tax Bills Across Leesport, Pennsylvania
In Leesport, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home, which may differ from its market value. The local tax rate is applied to this assessed value to determine the final tax bill. For example, with a median home price of $109,550, homeowners can expect varying tax bills. The 25th percentile tax bill stands at $3,215, while the 75th percentile reaches $6,391, and the 90th percentile goes up to $8,126. The highest and lowest median tax bill in the area is $4,478, found in zip code 19533. These tax bills are influenced by several factors, including property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Leesport's effective tax rates can significantly impact homeowners' finances. High property taxes can affect affordability and long-term financial planning, making it crucial for homeowners to understand their tax liabilities and explore potential exemptions to reduce their tax burden.
Average Leesport Tax Bill
$4,478
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Leesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19533 | $2,277 | $3,215 | $4,478 | $6,391 | $8,126 |
Source: Ownwell