Lahaska, Pennsylvania Property Taxes
The median property tax rate in Lahaska, PA is 1.48%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lahaska at $451,490, the typical annual property tax bill reaches $6,675, exceeding the national median of $2,690. Property taxes in Lahaska 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 Lahaska'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 Lahaska 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
Lahaska, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$6,682
Ownwell’s Lahaska Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lahaska with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lahaska 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 Lahaska, Pennsylvania
Property taxes in Lahaska, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lahaska is 1.48%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within Lahaska set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lahaska 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 Lahaska's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18931 has the highest median property tax rate of 1.48%, while the same zip code also has the lowest median tax rate of 1.48%. Understanding how these cities compare with Lahaska provides valuable insights into the varying tax landscape across Bucks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lahaska Tax Rate
1.48%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lahaska, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18931 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Lahaska, Pennsylvania
In Lahaska, 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 Bucks 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 Lahaska, 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. For instance, Lahaska's median home price is $451,490, and the median tax bill stands at $6,675. Interestingly, the highest and lowest median tax bills are both found in zip code 18931, each valued at $6,675. 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 Lahaska helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lahaska Assessed Value
$451,490
Average Bucks County Assessed Value
$300,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lahaska, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18931 | $451,490 | $451,490 | $451,490 | $451,490 | $451,490 |
Source: Ownwell
Property Tax Bills Across Lahaska, Pennsylvania
Property tax bills in Lahaska, located in Bucks County, PA, are determined based on the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is determined by the county assessor. Homeowners in Lahaska face a median property tax bill of $6,675, which is significantly higher than the national median property tax rate of 0.99%. This higher tax bill can be attributed to the relatively high median home price of $451,490 in the area. Several factors influence the final tax bill, including property improvements, location, and changes in the local tax rate. For homeowners, this means that any significant enhancements to their property could result in a higher assessed value and, consequently, a higher tax bill. Understanding how property taxes are calculated helps homeowners budget effectively and anticipate future tax obligations. This knowledge is crucial for financial planning, especially in regions with higher-than-average property tax rates.
Average Lahaska Tax Bill
$6,675
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lahaska, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18931 | $6,675 | $6,675 | $6,675 | $6,675 | $6,675 |
Source: Ownwell