Lederach, Pennsylvania Property Taxes
The median property tax rate in Lederach, PA is 3.88%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Lederach, the typical annual property tax bill reaches $7,208, far exceeding the national median of $2,690. Property taxes in Lederach 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 Lederach'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 Lederach 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
Lederach, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.88%
Estimate Property Tax Bill
$7,315
Ownwell’s Lederach Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lederach with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lederach 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 Lederach, Pennsylvania
Property taxes in Lederach, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lederach is 1.35%, higher than both the Pennsylvania state median of 1.29% and the U.S. national median of 0.99%. Local government entities within Lederach set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lederach 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 Lederach's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19450 zip code has the highest median property tax rate of 1.35%, while the same zip code also has the lowest median tax rate of 1.35%. Understanding how these cities compare with Lederach provides valuable insights into the varying tax landscape across Montgomery County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lederach Tax Rate
3.88%
Average Montgomery County Tax Rate
3.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lederach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19450 | 3.88% | 3.88% | 3.88% | 3.88% | 3.88% |
Source: Ownwell
Property Tax Assessment Values Across Lederach, Pennsylvania
In Lederach, 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 Montgomery 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 Lederach, 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 Lederach helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill in Lederach is 19450, with a tax bill of $7,208.
Average Lederach Assessed Value
$188,530
Average Montgomery County Assessed Value
$143,105
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lederach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19450 | $122,722 | $158,832 | $188,530 | $238,622 | $300,685 |
Source: Ownwell
Property Tax Bills Across Lederach, Pennsylvania
Property tax bills in Lederach, located in Montgomery County, PA, are calculated based on the assessed value of a property, which is determined by local government assessors. Homeowners in Lederach face a median property tax bill of $7,208, which is significantly higher than the national median property tax rate of 0.99%. This higher tax rate reflects the local government's need to fund essential services such as schools, infrastructure, and public safety. Several factors influence the final tax bill, including the property's assessed value and the local tax rate. For example, homes in the 25th percentile have tax bills around $5,996, while those in the 75th percentile see bills closer to $8,779. At the 90th percentile, homeowners may face tax bills as high as $10,628. These variations depend on the assessed value of the homes and the specific tax rates applied. For homeowners, understanding these factors is crucial for financial planning and anticipating annual expenses.
Average Lederach Tax Bill
$7,208
Average Montgomery County Tax Bill
$5,764
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lederach, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19450 | $4,756 | $5,996 | $7,208 | $8,779 | $10,628 |
Source: Ownwell