Lawrenceville, Pennsylvania Property Taxes
The median property tax rate in Lawrenceville, PA is 2.96%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Lawrenceville, the typical annual property tax bill reaches $1,999, which is below the national median of $2,690. Property taxes in Lawrenceville 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 Lawrenceville'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 Lawrenceville 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
Lawrenceville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.96%
Estimate Property Tax Bill
$2,010
Ownwell’s Lawrenceville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lawrenceville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lawrenceville 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 Lawrenceville, Pennsylvania
Property taxes in Lawrenceville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Lawrenceville is 2.96%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lawrenceville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Lawrenceville 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 Lawrenceville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16929 zip code has the highest median property tax rate of 2.96%, while the same zip code also has the lowest median tax rate of 2.96%. Understanding how these cities compare with Lawrenceville provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Lawrenceville Tax Rate
2.96%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Lawrenceville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16929 | 2.67% | 2.96% | 2.96% | 3.14% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Lawrenceville, Pennsylvania
In Lawrenceville, 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 Tioga 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 Lawrenceville, 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. The median home price in Lawrenceville is $67,890, with tax bills ranging from $1,057 at the 25th percentile to $3,924 at the 90th percentile. The highest and lowest median tax bills are both $1,999 in the 16929 zip code. 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 Lawrenceville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lawrenceville, Pennsylvania
Source: Ownwell
$35,980
$66,403
$96,825
Average Lawrenceville Assessed Value
$67,890
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Lawrenceville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16929 | $13,050 | $35,955 | $67,890 | $101,355 | $142,680 |
Source: Ownwell
Property Tax Bills Across Lawrenceville, Pennsylvania
In Lawrenceville, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements or renovations made to the home. Homeowners in Lawrenceville can expect their property tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,057, while the 75th percentile reaches $2,974, and the 90th percentile can be as high as $3,924. These variations highlight how property taxes can impact homeowners differently based on their property's assessed value. When compared to the national median property tax rate of 0.99%, Lawrenceville's property tax bills can be seen as relatively moderate, though individual experiences will vary. Understanding these factors can help homeowners in Lawrenceville anticipate their annual property tax obligations and plan their finances accordingly.
Average Lawrenceville Tax Bill
$1,999
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Lawrenceville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16929 | $399 | $1,057 | $1,999 | $2,974 | $3,924 |
Source: Ownwell