Lost Creek, Pennsylvania Property Taxes
The median property tax rate in Lost Creek, PA is 3.98%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lost Creek, the typical annual property tax bill reaches $660, which is below the national median of $2,690. Property taxes in Lost Creek 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 Lost Creek'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 Lost Creek 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
Lost Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.98%
Estimate Property Tax Bill
$660
Ownwell’s Lost Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lost Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lost Creek 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 Lost Creek, Pennsylvania
Property taxes in Lost Creek, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lost Creek is 3.98%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Lost Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lost Creek 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 Lost Creek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17946 has the highest median property tax rate of 3.98%, while the same zip code also has the lowest median tax rate of 3.98%. Understanding how these cities compare with Lost Creek provides valuable insights into the varying tax landscape across Schuylkill County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lost Creek Tax Rate
3.98%
Average Schuylkill County Tax Rate
3.41%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lost Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17946 | 3.98% | 3.98% | 3.98% | 3.98% | 3.98% |
Source: Ownwell
Property Tax Assessment Values Across Lost Creek, Pennsylvania
In Lost Creek, 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 Schuylkill 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. 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. For instance, the median home price in Lost Creek is $16,595, with tax bills ranging from $479 at the 25th percentile to $1,518 at the 90th percentile. The highest and lowest median tax bills are both $660 in zip code 17946. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lost Creek Assessed Value
$16,595
Average Schuylkill County Assessed Value
$47,370
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lost Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17946 | $8,352 | $12,050 | $16,595 | $22,788 | $38,176 |
Source: Ownwell
Property Tax Bills Across Lost Creek, Pennsylvania
In Lost Creek, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and is often a percentage of the market value. For homeowners in Lost Creek, the median home price is $16,595. The property tax rate in this area is compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners can expect to see a range of property tax bills. For instance, the 25th percentile tax bill is around $479, while the 75th percentile tax bill is approximately $906. At the higher end, the 90th percentile tax bill can reach up to $1,518. These property taxes fund essential services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Lost Creek Tax Bill
$660
Average Schuylkill County Tax Bill
$1,680
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lost Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17946 | $332 | $479 | $660 | $906 | $1,518 |
Source: Ownwell