Lewisville, Pennsylvania Property Taxes
The median property tax rate in Lewisville, PA is 3.83%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Lewisville at $96,965, the typical annual property tax bill amounts to $3,703, far exceeding the national median of $2,690. Property taxes in Lewisville 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 Lewisville'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 Lewisville 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
Lewisville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.83%
Estimate Property Tax Bill
$3,714
Ownwell’s Lewisville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lewisville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lewisville 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 Lewisville, Pennsylvania
Property taxes in Lewisville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lewisville is 1.46%, which is significantly higher than the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Lewisville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lewisville 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 Lewisville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19351 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Lewisville provides valuable insights into the varying tax landscape across Chester County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lewisville Tax Rate
3.83%
Average Chester County Tax Rate
3.50%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lewisville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19351 | 3.78% | 3.80% | 3.83% | 3.85% | 3.87% |
Source: Ownwell
Property Tax Assessment Values Across Lewisville, Pennsylvania
In Lewisville, 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 Chester 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 Lewisville, 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. For instance, the highest median tax bill in Lewisville is $3,703 in zip code 19351, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lewisville, Pennsylvania
Source: Ownwell
$17,490
$208,860
$400,230
Average Lewisville Assessed Value
$96,965
Average Chester County Assessed Value
$166,835
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lewisville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19351 | $85,849 | $90,018 | $96,965 | $103,912 | $108,081 |
Source: Ownwell
Property Tax Bills Across Lewisville, Pennsylvania
In Lewisville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $96,965, the tax bills in Lewisville typically range from $3,463 at the 25th percentile to $4,087 at the 90th percentile. Several factors influence the tax bill, including property size, location, and any applicable exemptions. Chester County, where Lewisville is located, has a median property tax bill of approximately $3,703, which is significantly higher than the national median property tax rate of 0.99%. Higher property taxes can impact homeowners by increasing their overall cost of living, potentially affecting housing affordability. However, these taxes also fund essential public services such as schools, infrastructure, and emergency services, contributing to the community's overall quality of life.
Average Lewisville Tax Bill
$3,703
Average Chester County Tax Bill
$6,037
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lewisville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19351 | $3,319 | $3,463 | $3,703 | $3,943 | $4,087 |
Source: Ownwell