Lenni, Pennsylvania Property Taxes
The median property tax rate in Lenni, PA is 1.87%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lenni at $201,840, the typical annual property tax bill reaches $3,765, exceeding the national median of $2,690. Property taxes in Lenni 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 Lenni'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 Lenni 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
Lenni, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.87%
Estimate Property Tax Bill
$3,774
Ownwell’s Lenni Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lenni with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lenni 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 Lenni, Pennsylvania
Property taxes in Lenni, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lenni is 1.87%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lenni set these rates annually, and they can vary across different neighborhoods. Each year, Lenni 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 Lenni's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19052 zip code in Lenni has the highest median property tax rate of 1.87%, while the same zip code also has the lowest median tax rate of 1.87%. Understanding how these figures compare within Delaware County provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lenni Tax Rate
1.87%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lenni, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19052 | 1.87% | 1.87% | 1.87% | 1.87% | 1.87% |
Source: Ownwell
Property Tax Assessment Values Across Lenni, Pennsylvania
In Lenni, 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 Delaware 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 Lenni, 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 Lenni helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Lenni is 19052, with a median tax bill of $3,765.
Average Lenni Assessed Value
$201,840
Average Delaware County Assessed Value
$197,870
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lenni, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19052 | $160,141 | $173,632 | $201,840 | $240,832 | $331,175 |
Source: Ownwell
Property Tax Bills Across Lenni, Pennsylvania
Property tax bills in Lenni, Delaware County, PA, are calculated by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value of the home, determined by the county assessor. For instance, with a median home price of $201,840, the assessed value forms the basis for the tax calculation. The median property tax rate in Lenni is notably higher than the national average of 0.99%. Homeowners at the 25th percentile face tax bills around $3,239, while those at the 75th percentile experience bills closer to $4,492. At the 90th percentile, tax bills can soar to approximately $6,177. This significant variation affects homeowners differently, depending on their property's assessed value and the specific tax rate applicable in their area. Understanding these factors helps homeowners anticipate their annual tax obligations and budget accordingly, especially in comparison to the national median property tax rate.
Average Lenni Tax Bill
$3,765
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lenni, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19052 | $2,736 | $3,239 | $3,765 | $4,492 | $6,177 |
Source: Ownwell