Kleinfeltersville, Pennsylvania Property Taxes
The median property tax rate in Kleinfeltersville, PA is 2.08%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kleinfeltersville, the typical annual property tax bill reaches $2,624, closely aligning with the national median of $2,690. Property taxes in Kleinfeltersville 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 Kleinfeltersville'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 Kleinfeltersville 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
Kleinfeltersville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$2,618
Ownwell’s Kleinfeltersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kleinfeltersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kleinfeltersville 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 Lebanon County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Kleinfeltersville, Pennsylvania
Property taxes in Kleinfeltersville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kleinfeltersville is 2.08%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kleinfeltersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kleinfeltersville 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 Kleinfeltersville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17039 zip code has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Kleinfeltersville provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Kleinfeltersville Tax Rate
2.08%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Kleinfeltersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17039 | 2.08% | 2.08% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Kleinfeltersville, Pennsylvania
In Kleinfeltersville, 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 Lebanon 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 Kleinfeltersville, 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, the median home price stands at $125,872, with tax bills ranging from $2,551 at the 25th percentile to $3,263 at the 90th percentile. The highest and lowest median tax bills are both $2,624, specifically in zip code 17039. 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 Kleinfeltersville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Kleinfeltersville, Pennsylvania
Source: Ownwell
$81,364
$250,641
$419,917
Average Kleinfeltersville Assessed Value
$125,872
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Kleinfeltersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17039 | $108,644 | $122,381 | $125,872 | $145,482 | $156,570 |
Source: Ownwell
Property Tax Bills Across Kleinfeltersville, Pennsylvania
In Kleinfeltersville, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Lebanon County. The assessed value is determined by the county assessor and represents a percentage of the home's market value. For example, with a median home price of $125,872, the tax bill can vary significantly across different percentiles. Homeowners at the 25th percentile can expect a tax bill of approximately $2,551, while those at the 75th percentile might see a bill around $3,032. At the 90th percentile, the tax bill can reach up to $3,263. These property taxes fund essential services like schools, public safety, and infrastructure, directly impacting the community. Compared to the national median property tax rate of 0.99%, Kleinfeltersville's rates reflect the local economic conditions and funding needs. Understanding how these factors influence property taxes helps homeowners anticipate their financial obligations and the benefits they receive from these essential services.
Average Kleinfeltersville Tax Bill
$2,624
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kleinfeltersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17039 | $2,264 | $2,551 | $2,624 | $3,032 | $3,263 |
Source: Ownwell