Rexmont, Pennsylvania Property Taxes
The median property tax rate in Rexmont, PA is 2.23%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rexmont at $148,100, the typical annual property tax bill reaches $3,296, exceeding the national median of $2,690. Property taxes in Rexmont 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 Rexmont'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 Rexmont or another part of Lebanon County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Rexmont, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.23%
Estimate Property Tax Bill
$3,303
Ownwell’s Rexmont Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rexmont with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rexmont 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 Rexmont, Pennsylvania
Property taxes in Rexmont, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Rexmont is 2.23%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rexmont set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rexmont 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 Rexmont's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17085 has the highest median property tax rate of 2.23%, while the same zip code also has the lowest median tax rate of 2.23%. Understanding how these areas compare with Rexmont 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 Rexmont Tax Rate
2.23%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rexmont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17085 | 2.23% | 2.23% | 2.23% | 2.23% | 2.23% |
Source: Ownwell
Property Tax Assessment Values Across Rexmont, Pennsylvania
In Rexmont, 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 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. In Rexmont, 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 Rexmont helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,296 in zip code 17085, while the lowest is also $3,296 in the same zip code.
Average Rexmont Assessed Value
$148,100
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 Rexmont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17085 | $133,572 | $134,496 | $148,100 | $164,219 | $169,670 |
Source: Ownwell
Property Tax Bills Across Rexmont, Pennsylvania
In Rexmont, Lebanon County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. The assessed value, which is often a percentage of the market value, serves as the foundation for calculating the tax bill. Homeowners in Rexmont typically see tax bills that vary significantly based on their property's assessed value. For instance, at the 25th percentile, tax bills are around $2,994, while at the 75th percentile, they rise to approximately $3,655. The 90th percentile sees tax bills reaching up to $3,777. Compared to the national median property tax rate of 0.99%, Rexmont’s property taxes can be relatively high, impacting homeowners' annual expenses. The highest median tax bill in the area is $3,296, found in the 17085 zip code, which underscores the variability within the region. These factors collectively influence how much homeowners need to budget for property taxes, affecting their overall financial planning and homeownership costs.
Average Rexmont Tax Bill
$3,296
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rexmont, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17085 | $2,973 | $2,994 | $3,296 | $3,655 | $3,777 |
Source: Ownwell