Lanse, Pennsylvania Property Taxes
The median property tax rate in LANSE, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in LANSE, the typical annual property tax bill reaches $219, far below the national median of $2,690. Property taxes in LANSE 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 LANSE'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 LANSE 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
Lanse, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$222
Ownwell’s LANSE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LANSE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LANSE 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 Lanse, Pennsylvania
Property taxes in Lanse, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lanse is 1.46%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Lanse set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lanse 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 Lanse's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the county is 2.00%, while the lowest median tax rate is 0.25%. Understanding how these cities compare with Lanse provides valuable insights into the varying tax landscape across Clearfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lanse Tax Rate
0.25%
Average Clearfield County Tax Rate
0.25%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lanse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16849 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Lanse, Pennsylvania
In LANSE, 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 Clearfield 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 LANSE, 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 LANSE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16849, with a median tax bill of $219.
Average Lanse Assessed Value
$88,637
Average Clearfield County Assessed Value
$86,111
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lanse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16849 | $36,515 | $61,111 | $88,637 | $139,647 | $195,100 |
Source: Ownwell
Property Tax Bills Across Lanse, Pennsylvania
In Lanse, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in this area is $88,637. Homeowners can expect their tax bills to vary depending on several factors, including the specific assessed value of their property and the applicable tax rate. For instance, the 25th percentile tax bill is $151, while the 75th percentile tax bill is $346, and the 90th percentile tax bill reaches $483. These figures are influenced by the assessed value, which is determined by local authorities and can differ from the market value. The tax rate in Lanse may be compared to the national median property tax rate of 0.99%. Homeowners in Lanse should be aware that their property tax bills can significantly impact their annual expenses, making it essential to understand how these taxes are calculated and what options they might have for appeals or exemptions.
Average Lanse Tax Bill
$219
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lanse, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16849 | $90 | $151 | $219 | $346 | $483 |
Source: Ownwell