Old Zionsville, Pennsylvania Property Taxes
The median property tax rate in Old Zionsville, PA is 2.39%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Old Zionsville, the typical annual property tax bill reaches $4,234, exceeding the national median of $2,690. Property taxes in Old Zionsville 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 Old Zionsville'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 Old Zionsville 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
Old Zionsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.39%
Estimate Property Tax Bill
$4,233
Ownwell’s Old Zionsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Old Zionsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Old Zionsville 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 Old Zionsville, Pennsylvania
Property taxes in Old Zionsville, Pennsylvania, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Old Zionsville is 2.39%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Old Zionsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Old Zionsville 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 Old Zionsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18068 has both the highest and lowest median property tax rate of 2.39%. Understanding how these areas compare with Old Zionsville 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 Old Zionsville Tax Rate
2.39%
Average Lehigh County Tax Rate
2.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Old Zionsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18068 | 2.39% | 2.39% | 2.39% | 2.39% | 2.39% |
Source: Ownwell
Property Tax Assessment Values Across Old Zionsville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Old Zionsville, PA. 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 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 Old Zionsville, 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 Old Zionsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 18068, with a median tax bill of $4,234.
Property Tax Assessment Values Across Old Zionsville, Pennsylvania
Source: Ownwell
$13,900
$148,250
$282,600
Average Old Zionsville Assessed Value
$177,100
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 Old Zionsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18068 | $134,220 | $150,300 | $177,100 | $203,900 | $219,980 |
Source: Ownwell
Property Tax Bills Across Old Zionsville, Pennsylvania
In Old Zionsville, located in Lehigh County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's property assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Old Zionsville, the median home price is $177,100. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $3,593 and the 75th percentile tax bill at $4,875. Homeowners at the 90th percentile can expect to pay around $5,259 annually. These property taxes are essential for funding local services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, homeowners in Old Zionsville typically face higher property tax rates, impacting their overall cost of homeownership. Understanding these factors can help homeowners budget more effectively and anticipate their annual financial obligations.
Average Old Zionsville Tax Bill
$4,234
Average Lehigh County Tax Bill
$4,452
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Old Zionsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18068 | $3,209 | $3,593 | $4,234 | $4,875 | $5,259 |
Source: Ownwell