Lyon Station, Pennsylvania Property Taxes
The median property tax rate in Lyon Station, PA is 3.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lyon Station at $70,400, the typical annual property tax bill reaches $2,778, slightly exceeding the national median of $2,690. Property taxes in Lyon 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 Lyon 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 Lyon Station or another part of Berks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lyon Station, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.95%
Estimate Property Tax Bill
$2,781
Ownwell’s Lyon Station Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lyon Station with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lyon 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 Lyon Station, Pennsylvania
Property taxes in Lyon Station, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lyon Station is 3.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lyon Station set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lyon 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 Lyon Station's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19536 zip code has the highest median property tax rate of 3.95%, while the same zip code also has the lowest median tax rate of 3.95%. Understanding how these cities compare with Lyon Station provides valuable insights into the varying tax landscape across Berks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lyon Station Tax Rate
3.95%
Average Berks County Tax Rate
4.37%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lyon Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19536 | 3.95% | 3.95% | 3.95% | 3.95% | 3.95% |
Source: Ownwell
Property Tax Assessment Values Across Lyon Station, Pennsylvania
In Lyon 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 Berks 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 Lyon 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 Lyon Station helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,778 in zip code 19536, while the lowest median tax bill is also $2,778 in the same zip code.
Property Tax Assessment Values Across Lyon Station, Pennsylvania
Source: Ownwell
$21,200
$200,375
$379,550
Average Lyon Station Assessed Value
$70,400
Average Berks County Assessed Value
$97,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lyon Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19536 | $46,140 | $58,200 | $70,400 | $84,900 | $106,780 |
Source: Ownwell
Property Tax Bills Across Lyon Station, Pennsylvania
In Lyon Station, located in Berks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in Lyon Station face a median property tax rate higher than the national median of 0.99%. The median home price in the area is $70,400, leading to varying tax bills across different percentiles. For instance, homeowners in the 25th percentile pay around $2,327, while those in the 75th percentile see bills of approximately $3,325. At the 90th percentile, tax bills can reach up to $4,216. The highest and lowest median tax bills in the region are both $2,778, indicating a consistent tax rate across different properties. These property taxes significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Lyon Station Tax Bill
$2,778
Average Berks County Tax Bill
$4,153
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lyon Station, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19536 | $1,812 | $2,327 | $2,778 | $3,325 | $4,216 |
Source: Ownwell