Lucinda, Pennsylvania Property Taxes
The median property tax rate in Lucinda, PA is 7.81%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lucinda, the typical annual property tax bill reaches $1,322, which is below the national median of $2,690. Property taxes in Lucinda are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lucinda'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 Lucinda or another part of Clarion County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lucinda, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.81%
Estimate Property Tax Bill
$1,303
-$13,661
Ownwell’s Lucinda Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucinda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucinda 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 Lucinda, Pennsylvania
Property taxes in Lucinda, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lucinda is 7.81%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lucinda set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucinda 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 Lucinda's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16235 zip code has the highest median property tax rate of 7.81%, while the 16235 zip code also has the lowest median tax rate of 7.81%. Understanding how these cities compare with Lucinda 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 Lucinda Tax Rate
7.81%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucinda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16235 | 7.66% | 7.81% | 7.81% | 7.81% | 7.81% |
Source: Ownwell
Property Tax Assessment Values Across Lucinda, Pennsylvania
In Lucinda, 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 Lucinda, 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 Lucinda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1322 in the 16235 zip code.
Average Lucinda Assessed Value
$16,690
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 Lucinda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16235 | $5,996 | $10,525 | $16,690 | $24,252 | $31,519 |
Source: Ownwell
Property Tax Bills Across Lucinda, Pennsylvania
In Lucinda, located in Clarion County, PA, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office and reflects a percentage of the property's market value. Homeowners in Lucinda can expect varying tax bills depending on their property's assessed value and the local tax rate. For example, the median home price in Lucinda is $16,690. Property tax bills in the area range widely, with the 25th percentile tax bill at $828 and the 75th percentile tax bill at $1,913. The highest tax bills, found in the 90th percentile, can reach up to $2,501. Comparatively, the national median property tax rate is 0.99%, indicating that Lucinda's property taxes can be significant relative to the low property values. These property taxes fund essential local services such as schools, roads, and emergency services, directly impacting homeowners by contributing to the community's overall quality of life. Understanding how these factors interplay is crucial for homeowners when budgeting and planning for future expenses.
Average Lucinda Tax Bill
$1,322
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucinda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16235 | $470 | $828 | $1,322 | $1,913 | $2,501 |
Source: Ownwell