Lucernemines, Pennsylvania Property Taxes
The median property tax rate in Lucernemines, PA is 2.32%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lucernemines at $67,900, the typical annual property tax bill reaches $1,575, exceeding the national median of $2,690. Property taxes in Lucernemines 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 Lucernemines'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 Lucernemines 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
Lucernemines, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.32%
Estimate Property Tax Bill
$1,575
Ownwell’s Lucernemines Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lucernemines with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lucernemines 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 Lucernemines, Pennsylvania
Property taxes in Lucernemines, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lucernemines is 2.32%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lucernemines set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lucernemines 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 Lucernemines' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15754 has the highest median property tax rate of 2.32%, while the lowest median tax rate within the same zip code is also 2.32%. Understanding how these areas compare with Lucernemines provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lucernemines Tax Rate
2.32%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lucernemines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15754 | 2.32% | 2.32% | 2.32% | 2.32% | 2.32% |
Source: Ownwell
Property Tax Assessment Values Across Lucernemines, Pennsylvania
In Lucernemines, 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 Indiana 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 Lucernemines, 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. The median home price in Lucernemines is $67,900, with tax bills ranging from $1,248 at the 25th percentile to $2,017 at the 90th percentile. The highest and lowest median tax bill in the 15754 zip code is $1,575. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lucernemines, Pennsylvania
Source: Ownwell
$24,600
$83,500
$142,400
Average Lucernemines Assessed Value
$67,900
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lucernemines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15754 | $41,200 | $53,800 | $67,900 | $77,800 | $86,950 |
Source: Ownwell
Property Tax Bills Across Lucernemines, Pennsylvania
In Lucernemines, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office and is a percentage of the property's market value. For homeowners in Lucernemines, the median home price stands at $67,900. The property tax rate in this area is influenced by county-specific factors, resulting in tax bills that vary significantly. Homeowners in Lucernemines can expect their tax bills to fall within a range, with the 25th percentile at $1,248 and the 75th percentile at $1,804. Those at the 90th percentile may see tax bills as high as $2,017. Comparatively, the national median property tax rate is 0.99%, making it crucial for homeowners to understand how local rates may impact their finances. The highest and lowest median tax bills in the area both stand at $1,575, showing some consistency in the taxation system. These taxes fund essential public services, directly affecting the community's quality of life.
Average Lucernemines Tax Bill
$1,575
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lucernemines, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15754 | $956 | $1,248 | $1,575 | $1,804 | $2,017 |
Source: Ownwell