Laporte, Pennsylvania Property Taxes
The median property tax rate in Laporte, PA is 1.22%, which is higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Laporte at $172,536, the typical annual property tax bill reaches $2,084, falling below the national median of $2,690. Property taxes in Laporte are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Laporte'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 Laporte 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
Laporte, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.22%
Estimate Property Tax Bill
$2,105
Ownwell’s Laporte Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laporte with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laporte 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 Laporte, Pennsylvania
Property taxes in Laporte, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laporte is 1.22%, notably higher than the U.S. national median of 0.99%. Local government entities within Laporte set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laporte 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 Laporte's effective property tax rate to other areas and the national median. For comparison, the ZIP code 18626 has the highest median property tax rate of 1.22%, while the lowest median tax rate in the region is also 1.22%. Understanding how these areas compare with Laporte provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Laporte Tax Rate
1.22%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laporte, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18626 | 1.12% | 1.22% | 1.22% | 1.22% | 1.22% |
Source: Ownwell
Property Tax Assessment Values Across Laporte, Pennsylvania
In Laporte, 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 Sullivan 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 Laporte, 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 Laporte helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Laporte are both $2084 in zip code 18626, reflecting a consistent valuation approach in the area.
Average Laporte Assessed Value
$172,536
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laporte, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18626 | $81,480 | $123,984 | $172,536 | $243,264 | $355,152 |
Source: Ownwell
Property Tax Bills Across Laporte, Pennsylvania
In Laporte, Sullivan County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The median home price in the area is $172,536. Factors that influence the tax bill include the assessed value of the property, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that properties with higher assessed values or those located in areas with higher tax rates will incur larger tax bills. For example, the tax bill at the 25th percentile is $1,509, while the 75th percentile tax bill is $2,899. At the 90th percentile, homeowners can expect to pay around $4,222. The highest and lowest median tax bills in the area are both $2,084, indicating some uniformity in property tax assessments. These figures show that property taxes in Laporte can significantly impact a homeowner's annual expenses, making it crucial to understand how these taxes are determined and managed.
Average Laporte Tax Bill
$2,084
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Laporte, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18626 | $996 | $1,509 | $2,084 | $2,899 | $4,222 |
Source: Ownwell