Laurys Station, Pennsylvania Property Taxes
The median property tax rate in Laurys Station, PA is 2.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Laurys Station at $233,200, the typical annual property tax bill reaches $4,673, exceeding the national median of $2,690. Property taxes in Laurys Station 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 Laurys Station'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 Laurys Station 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
Laurys Station, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$4,734
Ownwell’s Laurys Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laurys Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laurys Station 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 Laurys Station, Pennsylvania
Property taxes in Laurys Station, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laurys Station is 2.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Laurys Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laurys Station 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 Laurys Station's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18059 has both the highest and the lowest median property tax rate of 2.03%. Understanding how these areas compare with Laurys Station provides valuable insights into the varying tax landscape across Lehigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laurys Station Tax Rate
2.03%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laurys Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18059 | 2.03% | 2.03% | 2.03% | 2.03% | 2.03% |
Source: Ownwell
Property Tax Assessment Values Across Laurys Station, Pennsylvania
In Laurys Station, 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 Lehigh 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 Laurys Station, 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 Laurys Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Residents in zip code 18059 experience the highest median tax bill at $4673, while those in the same zip code also face the lowest median tax bill, highlighting the range of tax burdens within the area.
Property Tax Assessment Values Across Laurys Station, Pennsylvania
Source: Ownwell
$13,900
$148,250
$282,600
Average Laurys Station Assessed Value
$233,200
Average Lehigh County Assessed Value
$166,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laurys Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18059 | $8,280 | $29,000 | $233,200 | $267,850 | $296,340 |
Source: Ownwell
Property Tax Bills Across Laurys Station, Pennsylvania
In Laurys Station, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Factors that influence the assessed value include the property's market value, location, and any improvements or renovations made to the home. For homeowners in Laurys Station, the median home price is $233,200. The property tax bills can vary significantly, with the 25th percentile tax bill at $588 and the 75th percentile reaching $5,419. At the 90th percentile, homeowners might see tax bills as high as $5,944. These property taxes contribute to essential public services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, homeowners in Laurys Station may find their tax burdens fluctuating based on the assessed value and local tax rates, directly impacting their annual financial planning.
Average Laurys Station Tax Bill
$4,673
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Laurys Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18059 | $168 | $588 | $4,673 | $5,419 | $5,944 |
Source: Ownwell