Lairdsville, Pennsylvania Property Taxes
The median property tax rate in Lairdsville, PA is 2.26%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lairdsville at $65,840, the typical annual property tax bill reaches $1,485, exceeding the national median of $2,690. Property taxes in Lairdsville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Lairdsville'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 Lairdsville or another part of Lycoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Lairdsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.26%
Estimate Property Tax Bill
$1,488
Ownwell’s Lairdsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lairdsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lairdsville 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 Lairdsville, Pennsylvania
Property taxes in Lairdsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lairdsville is 2.26%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lairdsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lairdsville 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 Lairdsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17742 zip code has the highest median property tax rate of 2.26%, while the same zip code also has the lowest median tax rate of 2.26%. Understanding how these cities compare with Lairdsville provides valuable insights into the varying tax landscape across Lycoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lairdsville Tax Rate
2.26%
Average Lycoming County Tax Rate
2.61%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lairdsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17742 | 2.26% | 2.26% | 2.26% | 2.26% | 2.26% |
Source: Ownwell
Property Tax Assessment Values Across Lairdsville, Pennsylvania
In Lairdsville, 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 Lycoming 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 Lairdsville, 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 Lairdsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17742 has the highest and lowest median tax bill at $1,485.
Property Tax Assessment Values Across Lairdsville, Pennsylvania
Source: Ownwell
$10,885
$65,940
$120,995
Average Lairdsville Assessed Value
$65,840
Average Lycoming County Assessed Value
$87,660
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lairdsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17742 | $40,090 | $59,890 | $65,840 | $83,935 | $110,610 |
Source: Ownwell
Property Tax Bills Across Lairdsville, Pennsylvania
In Lairdsville, Lycoming 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 represents a percentage of the property's market value. For instance, with a median home price of $65,840, the assessed value is used to calculate the tax bill. Homeowners in Lairdsville can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,351 and the 75th percentile at $1,894. At the 90th percentile, the tax bill can reach up to $2,495. These tax bills are influenced by various factors, including the property's assessed value, any applicable exemptions, and the local tax rate. Compared to the national median property tax rate of 0.99%, the tax rates in Lairdsville reflect the specific fiscal needs and policies of the local government. This system ensures that property taxes are distributed fairly, but it also means that homeowners need to be aware of how changes in property values and local tax policies can affect their annual tax obligations.
Average Lairdsville Tax Bill
$1,485
Average Lycoming County Tax Bill
$2,556
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lairdsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17742 | $904 | $1,351 | $1,485 | $1,894 | $2,495 |
Source: Ownwell