Lenoxville, Pennsylvania Property Taxes
The median property tax rate in Lenoxville, PA is 2.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Lenoxville, the typical annual property tax bill reaches $290, exceeding the national median of $2,690. Property taxes in Lenoxville 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 Lenoxville'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 Lenoxville 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
Lenoxville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.95%
Estimate Property Tax Bill
$289
Ownwell’s Lenoxville Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Lenoxville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lenoxville 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 Lenoxville, Pennsylvania
Property taxes in Lenoxville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lenoxville is 2.95%, significantly higher than the U.S. national median of 0.99%. Local government entities within Lenoxville set these rates annually, and they can vary across different neighborhoods. Each year, Lenoxville 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 Lenoxville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 18441 zip code has the highest median property tax rate of 2.95%, while the lowest median tax rate is also 2.95%. Understanding how these areas compare with Lenoxville 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.
Average Lenoxville Tax Rate
2.95%
Average Susquehanna County Tax Rate
3.31%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lenoxville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18441 | 2.95% | 2.95% | 2.95% | 2.95% | 2.96% |
Source: Ownwell
Property Tax Assessment Values Across Lenoxville, Pennsylvania
In Lenoxville, 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 Lenoxville, 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 Lenoxville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Lenoxville are both $290, found in the 18441 zip code.
Average Lenoxville Assessed Value
$9,800
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 Lenoxville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18441 | $2,200 | $3,000 | $9,800 | $21,700 | $64,400 |
Source: Ownwell
Property Tax Bills Across Lenoxville, Pennsylvania
In Lenoxville, Susquehanna County, PA, property tax bills 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. Various factors influence the assessed value, including the property's market value, location, and any improvements or renovations made. For homeowners in Lenoxville, the property tax burden can vary significantly. The tax bill at the 25th percentile is $89, while at the 75th percentile, it rises to $641. The 90th percentile tax bill reaches $1,903, highlighting the range of tax obligations within the community. The median home price in Lenoxville is relatively low at $9,800, which can contribute to lower overall tax bills compared to national averages. However, these property taxes are essential for funding local services such as schools, public safety, and infrastructure. Homeowners must budget for these taxes, as they are a critical component of homeownership costs in Lenoxville.
Average Lenoxville Tax Bill
$290
Average Susquehanna County Tax Bill
$1,338
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lenoxville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18441 | $65 | $89 | $290 | $641 | $1,903 |
Source: Ownwell