Lewistown, Pennsylvania Property Taxes
The median property tax rate in Lewistown, PA is 3.17%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lewistown, the typical annual property tax bill reaches $1,876, which is below the national median of $2,690. Property taxes in Lewistown 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 Lewistown'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 Lewistown 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
Lewistown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.17%
Estimate Property Tax Bill
$1,896
Ownwell’s Lewistown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewistown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewistown 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 Lewistown, Pennsylvania
Property taxes in Lewistown, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewistown is 3.17%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lewistown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewistown 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 Lewistown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17044 zip code has both the highest and lowest median property tax rate of 3.17%. Understanding how these cities compare with Lewistown provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewistown Tax Rate
3.17%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewistown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17044 | 3.00% | 3.00% | 3.17% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Lewistown, Pennsylvania
In Lewistown, 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 Mifflin 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. Assessment notices in Lewistown 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. In Lewistown, the median home price is $59,800, with tax bills ranging from $1,303 at the 25th percentile to $3,864 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lewistown Assessed Value
$59,800
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewistown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17044 | $27,000 | $40,725 | $59,800 | $89,500 | $126,600 |
Source: Ownwell
Property Tax Bills Across Lewistown, Pennsylvania
In Lewistown, located in Mifflin County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the property tax bill. For homeowners in Lewistown, the median home price is $59,800. The tax bills in this region can vary significantly; the 25th percentile tax bill is $1,303, while the 75th percentile tax bill reaches $2,744, and the 90th percentile tax bill goes up to $3,864. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. Homeowners in Lewistown face a higher property tax burden compared to the national median property tax rate of 0.99%, which can impact their financial planning and overall cost of homeownership. Understanding how these taxes are calculated and their implications can help homeowners better manage their expenses and plan for the future.
Average Lewistown Tax Bill
$1,876
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewistown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17044 | $865 | $1,303 | $1,876 | $2,744 | $3,864 |
Source: Ownwell