Limeport, Pennsylvania Property Taxes
The median property tax rate in Limeport, PA, is 2.21%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Limeport, the typical annual property tax bill reaches $3,322, exceeding the national median of $2,690. Property taxes in Limeport 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 Limeport'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 Limeport 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
Limeport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.21%
Estimate Property Tax Bill
$3,328
Ownwell’s Limeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Limeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Limeport 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 Limeport, Pennsylvania
Property taxes in Limeport, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Limeport is 1.29%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Limeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Limeport 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 Limeport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18060 zip code has the highest median property tax rate of 1.29%, while the 18060 zip code has the lowest median tax rate of 1.29%. Understanding how these cities compare with Limeport provides valuable insights into the varying tax landscape across Lehigh County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Limeport Tax Rate
2.21%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Limeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18060 | 2.21% | 2.21% | 2.21% | 2.21% | 2.21% |
Source: Ownwell
Property Tax Assessment Values Across Limeport, Pennsylvania
In Limeport, 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 Lehigh 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 Limeport, 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 Limeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Limeport are both $3,322, found in the 18060 zip code.
Average Limeport Assessed Value
$150,600
Average Lehigh County Assessed Value
$166,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Limeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18060 | $150,600 | $150,600 | $150,600 | $150,600 | $150,600 |
Source: Ownwell
Property Tax Bills Across Limeport, Pennsylvania
In Limeport, located in Lehigh County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Limeport is $150,600. Property taxes are determined by multiplying the assessed value by the local tax rate, which varies depending on the specific jurisdiction within the county. For instance, homeowners in Limeport see a median property tax bill of $3,322, a figure that remains consistent across the 25th, 75th, and 90th percentiles. This indicates a uniformity in tax assessments within this region. Compared to the national median property tax rate of 0.99%, Limeport's property tax rate results in a higher tax bill for homeowners, affecting their annual financial planning. Factors such as property improvements, changes in market value, and local government budget needs can influence the assessed value and, consequently, the tax bill. Homeowners in Limeport must consider these elements to anticipate and manage their property tax obligations effectively.
Average Limeport Tax Bill
$3,322
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Limeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18060 | $3,322 | $3,322 | $3,322 | $3,322 | $3,322 |
Source: Ownwell