Lester, Pennsylvania Property Taxes
The median property tax rate in Lester, PA is 3.11%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lester at $150,760, the typical annual property tax bill reaches $4,686, surpassing the national median of $2,690. Property taxes in Lester 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 Lester'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 Lester 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
Lester, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.11%
Estimate Property Tax Bill
$4,689
Ownwell’s Lester Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lester with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lester 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 Lester, Pennsylvania
Property taxes in Lester, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Lester is 3.11%, which is notably higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lester set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lester 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 Lester's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19029 has both the highest and lowest median property tax rate of 3.11%. Understanding how these cities compare with Lester provides valuable insights into the varying tax landscape across Delaware County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lester Tax Rate
3.11%
Average Delaware County Tax Rate
2.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | 3.11% | 3.11% | 3.11% | 3.11% | 3.11% |
Source: Ownwell
Property Tax Assessment Values Across Lester, Pennsylvania
In Lester, 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. Assessment notices in Lester 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. Lester's median home price is $150,760, with tax bills ranging from $4,172 at the 25th percentile to $6,393 at the 90th percentile. The highest and lowest median tax bills are both found in zip code 19029, at $4,686. Being aware of these valuation processes in Lester helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Lester Assessed Value
$150,760
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 Lester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | $131,662 | $134,230 | $150,760 | $197,690 | $205,676 |
Source: Ownwell
Property Tax Bills Across Lester, Pennsylvania
In Lester, Delaware County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is typically a percentage of the market value of the property. Homeowners in Lester face a median property tax rate that translates into significant annual tax bills. For instance, the 25th percentile of tax bills is around $4,172, while the 75th percentile reaches $6,145, and the 90th percentile goes up to $6,393. These figures are notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location within the county, the local tax rate, and any applicable exemptions. Higher property taxes can have a substantial impact on homeowners, affecting their overall housing affordability and financial planning. Understanding these elements is crucial for managing expenses and anticipating future tax obligations.
Average Lester Tax Bill
$4,686
Average Delaware County Tax Bill
$5,691
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lester, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19029 | $4,093 | $4,172 | $4,686 | $6,145 | $6,393 |
Source: Ownwell