Laceyville, Susquehanna County, Pennsylvania Property Taxes
The median property tax rate in Laceyville, PA is 3.20%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Laceyville at $32,100, the typical annual property tax bill reaches $1,044, exceeding the national median of $2,690. Property taxes in Laceyville 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 Laceyville'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 Laceyville or another part of Susquehanna County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Laceyville, Susquehanna County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.2%
Estimate Property Tax Bill
$1,027
$953
Ownwell’s Laceyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laceyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laceyville 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 Laceyville, Susquehanna County, Pennsylvania
Property taxes in Laceyville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Laceyville is 3.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Laceyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laceyville 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 Laceyville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18623 has both the highest and lowest median property tax rate of 3.20%. Understanding how these areas compare with Laceyville provides valuable insights into the varying tax landscape across Susquehanna County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Property Tax Rates Across Laceyville, Susquehanna County, Pennsylvania
Source: Ownwell
2.88%
3.36%
3.85%
Average Laceyville Tax Rate
3.20%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laceyville, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18623 | 3.20% | 3.20% | 3.20% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Laceyville, Susquehanna County, Pennsylvania
In Laceyville, 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 Susquehanna 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 Laceyville, 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 Laceyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Laceyville, the zip code 18623 has both the highest and lowest median tax bill at $1,044, reflecting a consistent tax environment across the area.
Property Tax Assessment Values Across Laceyville, Susquehanna County, Pennsylvania
Source: Ownwell
$12,000
$49,000
$86,000
Average Laceyville Assessed Value
$32,100
Average Susquehanna County Assessed Value
$40,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Laceyville, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18623 | $6,880 | $16,150 | $32,100 | $47,900 | $68,720 |
Source: Ownwell
Property Tax Bills Across Laceyville, Susquehanna County, Pennsylvania
In Laceyville, Susquehanna County, PA, property tax bills are calculated based on the property's assessed value and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. For homeowners in Laceyville, the median home price is $32,100. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in the 25th percentile can expect to pay around $517 annually, while those in the 75th percentile may see a tax bill of approximately $1,556. The top 10% of property tax bills can reach up to $2,228. Compared to the national median property tax rate of 0.99%, Laceyville's rates provide a relatively affordable option for homeowners. However, the impact on individual finances can vary significantly, making it essential for homeowners to understand their specific tax obligations.
Property Tax Bills Across Laceyville, Susquehanna County, Pennsylvania
Source: Ownwell
$355
$1,448
$2,541
Average Laceyville Tax Bill
$1,044
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Laceyville, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18623 | $220 | $517 | $1,044 | $1,556 | $2,228 |
Source: Ownwell