Lebanon, Lebanon County, Pennsylvania Property Taxes
The median property tax rate in Lebanon, PA is 2.20%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lebanon, the typical annual property tax bill reaches $3,240, exceeding the national median of $2,690. Property taxes in Lebanon 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 Lebanon'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 Lebanon 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
Lebanon, Lebanon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.2%
Estimate Property Tax Bill
$3,092
$2,869
Ownwell’s Lebanon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lebanon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lebanon 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 Lebanon, Lebanon County, Pennsylvania
Property taxes in Lebanon, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lebanon is 2.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lebanon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lebanon 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 Lebanon's effective property tax rate to other areas and the national median. For comparison, the 17046 zip code has the highest median property tax rate of 2.20%, while the 17042 zip code has the lowest median tax rate of 2.19%. Understanding how these areas compare with Lebanon provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lebanon Tax Rate
2.20%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lebanon, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | 2.13% | 2.18% | 2.19% | 2.23% | 2.99% |
| 17046 | 1.97% | 2.20% | 2.20% | 2.99% | 2.99% |
Source: Ownwell
Property Tax Assessment Values Across Lebanon, Lebanon County, Pennsylvania
In Lebanon, PA, 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 Lebanon 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 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. The median home price in Lebanon is $140,554, with tax bills ranging from $2,176 at the 25th percentile to $6,409 at the 90th percentile. The highest median tax bill is $3,582 in zip code 17042, while the lowest is $2,756 in zip code 17046. 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 Lebanon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lebanon, Lebanon County, Pennsylvania
Source: Ownwell
$81,364
$241,606
$401,847
Average Lebanon Assessed Value
$140,554
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lebanon, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | $69,301 | $109,342 | $154,516 | $243,428 | $334,290 |
| 17046 | $35,933 | $61,498 | $114,065 | $174,358 | $234,188 |
Source: Ownwell
Property Tax Bills Across Lebanon, Lebanon County, Pennsylvania
Property tax bills in Lebanon, PA, are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. Homeowners in Lebanon can expect varying tax bills depending on their property's value. For instance, the tax bill at the 25th percentile is $2,176, while at the 75th percentile, it rises to $4,612. Those in the 90th percentile face even higher bills, averaging $6,409. The highest median tax bill in the area is $3,582 in the 17042 zip code, whereas the lowest is $2,756 in the 17046 zip code. Comparatively, Lebanon's property tax rates can be significant for homeowners, especially when the national median property tax rate is 0.99%. These taxes are crucial for funding local services but can also represent a substantial financial commitment for property owners.
Average Lebanon Tax Bill
$3,240
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lebanon, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17042 | $1,778 | $2,594 | $3,582 | $5,353 | $7,291 |
| 17046 | $1,012 | $1,750 | $2,756 | $3,876 | $5,008 |
Source: Ownwell