Leckrone, Pennsylvania Property Taxes
The median property tax rate in Leckrone, PA is 0.90%, which is lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $39,900 in Leckrone, the typical annual property tax bill is $358, significantly below the national median of $2,690. Property taxes in Leckrone are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as those for primary residences and agricultural land. Understanding Leckrone'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 Leckrone or another part of Fayette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Leckrone, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$359
Ownwell’s Leckrone Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Leckrone with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leckrone 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 Leckrone, Pennsylvania
Property taxes in Leckrone, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leckrone is 0.90%, which is slightly below the U.S. national median of 0.99%. Local government entities within Leckrone set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leckrone 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 Leckrone's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15454 has both the highest and lowest median property tax rate of 0.90%. Understanding how these areas compare with Leckrone provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leckrone Tax Rate
0.90%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leckrone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15454 | 0.78% | 0.88% | 0.90% | 0.92% | 0.93% |
Source: Ownwell
Property Tax Assessment Values Across Leckrone, Pennsylvania
In Leckrone, 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 Fayette County Appraisal District 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 Leckrone, 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 Leckrone 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 $358, found in zip code 15454.
Average Leckrone Assessed Value
$39,900
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leckrone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15454 | $16,550 | $19,930 | $39,900 | $61,590 | $92,936 |
Source: Ownwell
Property Tax Bills Across Leckrone, Pennsylvania
In Leckrone, Fayette County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects a percentage of the property's market value. For instance, with a median home price of $39,900, the tax bill can vary significantly. Homeowners in the 25th percentile can expect a tax bill of around $183, while those in the 75th percentile might pay about $548. At the 90th percentile, the tax bill could reach up to $823. These assessments directly impact homeowners by influencing their annual financial obligations. Compared to the national median property tax rate of 0.99%, the property tax rates in Leckrone can be seen as relatively moderate. The highest and lowest median tax bills in the area are both recorded at $358 in the 15454 zip code, highlighting some uniformity in tax burdens across different properties. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Leckrone Tax Bill
$358
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Leckrone, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15454 | $153 | $183 | $358 | $548 | $823 |
Source: Ownwell