Lemont Furnace, Fayette County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Lemont Furnace, Fayette County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lemont Furnace, PA effective property tax rate: 2.65%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Lemont Furnace, PA home value: $50,550
Median annual Lemont Furnace, PA tax bill: $1,339, $1,061 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

Property taxes in Lemont Furnace, PA 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 Lemont Furnace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lemont Furnace, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lemont Furnace, Fayette County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.65%

Estimate Property Tax Bill

$1,340

$1,243

Ownwell’s Lemont Furnace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lemont Furnace with just two data points.

By entering your property's estimated assessed value, our calculator applies Lemont Furnace’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lemont Furnace, Fayette County, Pennsylvania

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 Lemont Furnace’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

In Fayette County, where Lemont Furnace is located, the median property tax rate stands at 2.65%, significantly higher than the national median of 1.02%. This places a heavier burden on property owners compared to many other regions in the country. Despite the higher rates, understanding the process and rationale behind these taxes can help residents make informed decisions about property ownership and appeals. Comparing Lemont Furnace’s property tax rate to both state and national figures highlights the importance of being well-versed in local tax policies.

Property Tax Rates Across Lemont Furnace, Fayette County, Pennsylvania

Source: Ownwell

0.71%

1.69%

2.66%

Our median effective property tax rate (tax bill ÷ 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 Lemont Furnace Tax Rate

2.65%

Median Effective Fayette County Tax Rate

0.87%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lemont Furnace, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15456	2.65%	2.65%	2.65%	2.65%	2.65%

Source: Ownwell

Property Tax Assessment Values Across Lemont Furnace, Fayette County, Pennsylvania

When examining property taxes in Lemont Furnace, PA, 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, influenced by location, property condition, and economic market trends. The Fayette County appraisal district 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.

In Fayette 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 providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lemont Furnace.

For example, the median home price in Lemont Furnace is $50,550, with tax bills ranging significantly across the county. The zip code 15456 has the highest median home price at $50,550.

Property Tax Assessment Values Across Lemont Furnace, Fayette County, Pennsylvania

Source: Ownwell

$15,915

$59,673

$103,430

Median Lemont Furnace Market Value

$50,550

Median Fayette County Market Value

$51,500

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lemont Furnace, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15456	$16,630	$32,450	$50,550	$77,620	$118,974

Source: Ownwell

Property Tax Bills Across Lemont Furnace, Fayette County, Pennsylvania

In Lemont Furnace, Fayette County, PA, property tax bills are determined by assessing the market value of a home and applying the appropriate local tax rate. With a median home price of $50,550, homeowners in this area can expect their tax bills to vary significantly, ranging from the 25th percentile at $860 to the 90th percentile at $3,127. The median tax bill is $1,339, which is below the national median of $2,400, reflecting the relatively lower property values in the area. Factors influencing the tax bill include the assessed value of the property and any applicable exemptions or deductions. Homeowners may find these taxes burdensome, particularly if their property's assessed value does not accurately reflect its market value. Ownwell can assist homeowners by providing expert property tax appeal services, potentially lowering the assessed value and, consequently, the tax bill. By leveraging local market data and assessment practices, Ownwell helps ensure homeowners pay only their fair share, offering significant savings and peace of mind.

Property Tax Bills Across Lemont Furnace, Fayette County, Pennsylvania

Source: Ownwell

$176

$758

$1,339

Median Lemont Furnace Tax Bill

$1,339

Median Fayette County Tax Bill

$548

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Lemont Furnace, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15456	$435	$860	$1,339	$2,046	$3,127

Source: Ownwell