Property Taxes in Lake City, Pennsylvania
Median Lake City, Pennsylvania effective property tax rate: 3.24%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Lake City, Pennsylvania home value: $99,100
Median annual Lake City, Pennsylvania tax bill: $3,127, $727 higher than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in Lake City, Pennsylvania are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Lake City's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Lake City Property Tax Calculator Work?
Use this Lake City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake City's median effective tax rate of 3.24% — based on actual property records in Erie County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment system uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake City's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Lake City: rates range from 3.24% in 16423 to 3.24% in 16423, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake City.
About Lake City Property Taxes
About Property Taxes in Lake City, Erie, Pennsylvania
Lake City's median effective property tax rate of 3.24% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Erie County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Lake City. Homeowners in the 16423 ZIP code carry a median effective rate of 3.24%, while those in the lowest ZIP code pay 3.24%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Erie County. Understanding which part of Lake City you live in can make a meaningful difference to your annual tax bill.
The median home price is $99,100, and the median property tax bill is $3,127, which is $727 higher than the state tax bill comparison provided. Lake City homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Lake City, Erie County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Lake City’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Lake City Tax Rate
3.24%
Our median effective property tax rate (tax bill Ă· assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Erie County Tax Rate
2.79%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Lake City, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16423 | 2.98% | 2.99% | 3.24% | 3.25% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Lake City, Erie County, Pennsylvania
When examining property taxes in Lake City, Pennsylvania, understanding the distinction between “market value” and “assessed value” is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. Erie County estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Erie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of the season.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Lake City.
For example, the median home price in Lake City is $99,100, with tax bills ranging significantly across the county. ZIP code 16423 has the highest median home price at $99,100.
Property Tax Assessment Values Across Lake City, Erie County, Pennsylvania
Source: Ownwell
$33,910
$104,138
$174,365
Median Lake City Market Value
$99,100
Median Erie County Market Value
$99,200
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Lake City, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16423 | $18,880 | $66,450 | $99,100 | $122,215 | $150,982 |
Source: Ownwell
Property Tax Bills Across Lake City, Erie County, Pennsylvania
Property tax bills in Lake City are based on the assessed value of the home and the local tax rates set by Erie County and other taxing authorities. When a property’s assessed value rises, the tax bill can increase, even if the homeowner has not made any changes to the home. For Lake City, the median home price is $99,100, and the median property tax bill is $3,127, which is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
The bill is determined by multiplying the assessed value by the applicable tax rate, then adjusting for any exemptions or local rules. Homeowners in Lake City may see tax bills that vary widely, with the 25th percentile at $2,125 and the 75th percentile at $3,878. At the 90th percentile, the bill reaches $4,707. These differences show how property taxes can affect homeowners differently depending on location, assessment, and tax jurisdiction.
Median Lake City Tax Bill
$3,127
Median Erie County Tax Bill
$3,131
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Lake City, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16423 | $584 | $2,125 | $3,127 | $3,878 | $4,707 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 1 |
Links | |
|---|---|
| Erie Tax Assessor | |
| Website | public.eriecountypa.gov |