Lickingville, Pennsylvania Property Taxes
The median property tax rate in Lickingville, PA is 7.73%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lickingville, the typical annual property tax bill reaches $903, which is below the national median of $2,690. Property taxes in Lickingville 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 Lickingville'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 Lickingville 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
Lickingville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.73%
Estimate Property Tax Bill
$911
Ownwell’s Lickingville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lickingville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lickingville 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 Lickingville, Pennsylvania
Property taxes in Lickingville, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lickingville is 7.73%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lickingville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lickingville 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 Lickingville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16332 zip code has the highest median property tax rate of 7.73%, while the same 16332 zip code also has the lowest median tax rate of 7.73%. Understanding how these cities compare with Lickingville provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lickingville Tax Rate
7.73%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lickingville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16332 | 7.66% | 7.66% | 7.73% | 7.73% | 7.73% |
Source: Ownwell
Property Tax Assessment Values Across Lickingville, Pennsylvania
In Lickingville, 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 Clarion 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 Lickingville, 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 Lickingville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $903 in the 16332 zip code.
Average Lickingville Assessed Value
$11,787
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lickingville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16332 | $4,204 | $7,500 | $11,787 | $20,060 | $26,114 |
Source: Ownwell
Property Tax Bills Across Lickingville, Pennsylvania
In Lickingville, located in Clarion County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. The median home price in Lickingville is $11,787, which is significantly lower than the national median. The property tax rate is applied to this assessed value to calculate the annual tax bill. For homeowners in the 25th percentile, the tax bill is approximately $574, while those in the 75th percentile pay around $1,536. The 90th percentile tax bill reaches up to $2,010. Several factors influence these tax bills, including the property's assessed value and any applicable exemptions or deductions. The local tax rate, which can vary within Clarion County, also plays a crucial role. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and the local real estate market. Understanding these components helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Lickingville Tax Bill
$903
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lickingville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16332 | $325 | $574 | $903 | $1,536 | $2,010 |
Source: Ownwell