Le Raysville, Pennsylvania Property Taxes
The median property tax rate in Le Raysville, PA is 3.40%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Le Raysville at $48,400, the typical annual property tax bill reaches $1,648, exceeding the national median of $2,690. Property taxes in Le Raysville 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 Le Raysville'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 Le Raysville 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
Le Raysville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.4%
Estimate Property Tax Bill
$1,646
Ownwell’s Le Raysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Le Raysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Le Raysville 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 Le Raysville, Pennsylvania
Property taxes in Le Raysville, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Le Raysville is 3.40%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Le Raysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Le Raysville 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 Le Raysville's effective property tax rate to other areas within Susquehanna County and the national median. For comparison, the zip code 18829 has both the highest and lowest median property tax rate of 3.40%. Understanding how these rates compare with Le Raysville provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Le Raysville Tax Rate
3.40%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Le Raysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18829 | 3.40% | 3.40% | 3.40% | 3.40% | 3.40% |
Source: Ownwell
Property Tax Assessment Values Across Le Raysville, Pennsylvania
In Le Raysville, 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 Susquehanna 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 Le Raysville, 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 Le Raysville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,648, found in the 18829 zip code.
Average Le Raysville Assessed Value
$48,400
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Le Raysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18829 | $48,400 | $48,400 | $48,400 | $48,400 | $48,400 |
Source: Ownwell
Property Tax Bills Across Le Raysville, Pennsylvania
In Le Raysville, located in Susquehanna County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The median home price in Le Raysville stands at $48,400. Property taxes are then applied to this assessed value at a specific rate set by the local government. For Le Raysville, the tax bill can range from the 25th percentile to the 90th percentile, with a consistent amount of $1,648. This figure is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. For homeowners, this means that even if their property's market value remains stable, their tax bill can fluctuate based on changes in assessment practices or local tax policies. High property tax bills can impact homeowners by increasing the cost of owning a home, potentially affecting their financial planning and long-term investment strategies.
Average Le Raysville Tax Bill
$1,648
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Le Raysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18829 | $1,648 | $1,648 | $1,648 | $1,648 | $1,648 |
Source: Ownwell