Lakeville, Pike County, Pennsylvania Property Taxes

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

Median Lakeville, PA effective property tax rate: 2.70%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Lakeville, PA home value: $87,637
Median annual Lakeville, PA tax bill: $2,363, $37 lower than the national median property tax bill of $2,400.

How are property taxes in Pike calculated?

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

Last Updated March 1, 2025

Lakeville, Pike County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.8%

Estimate Property Tax Bill

$2,641

$2,451

Ownwell’s Lakeville Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lakeville with just two data points. By entering your property's estimated assessed value, our calculator applies Lakeville’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 Pike County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lakeville, Pike County, Pennsylvania

Local government entities determine tax rates, which can significantly differ within a state. This variance stems from each county's annual estimation of its budget requirements to deliver services, which is then divided by the total value of all taxable property in the area. This process determines the property tax rate. Although votes and legislation play a role in establishing these rates and budgets, this is the core process.

In Lakeville, located in Pike County, Pennsylvania, the effective property tax rate is notably higher than the national median of 1.02%. This rate reflects the county's budgetary needs and property values, setting it apart from many other regions. Comparatively, the median property tax rate in Pennsylvania is higher than the national average, indicating a trend of elevated property taxes within the state. This makes understanding and potentially appealing your property tax assessment crucial for homeowners in Lakeville. By comparing Lakeville’s effective property tax rate to other cities in Pennsylvania, as well as state and national medians, property owners can gauge how their taxes align with broader trends.

Property Tax Rates Across Lakeville, Pike County, Pennsylvania

Source: Ownwell

2.79%

3.76%

4.73%

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 Lakeville Tax Rate

2.80%

Median Effective Pike County Tax Rate

3.78%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lakeville, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18438	2.80%	2.80%	2.80%	2.80%	2.80%

Source: Ownwell

Property Tax Assessment Values Across Lakeville, Pike County, Pennsylvania

When examining property taxes in Lakeville, 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, often influenced by location, property condition, and economic market trends. The Pike 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.

Assessment notices: In Pike County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 Lakeville. For example, the median home price in Lakeville is $87,637, with tax bills ranging significantly across the county. 18438 has the highest median home price at $87,637.

Property Tax Assessment Values Across Lakeville, Pike County, Pennsylvania

Source: Ownwell

$61,580

$101,973

$142,366

Median Lakeville Market Value

$94,338

Median Pike County Market Value

$107,025

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lakeville, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18438	$67,272	$82,624	$94,338	$135,587	$167,172

Source: Ownwell

Property Tax Bills Across Lakeville, Pike County, Pennsylvania

In Lakeville, Pike County, PA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value. Homeowners in Lakeville experience property tax bills that vary widely, with the 25th percentile at $1,686 and the 75th percentile reaching $3,211. The 90th percentile even climbs to $4,349, reflecting the variation in home values and the assessed rates. This range of property tax bills can significantly impact homeowners, especially when compared to the national median property tax bill of $2,400. Ownwell offers a valuable service to homeowners by providing property tax appeal and exemption services, helping to ensure that they are not overpaying on their property taxes. By leveraging their expertise, homeowners can potentially reduce their tax bills, alleviating some of the financial burdens associated with property ownership. This service can be particularly beneficial in regions like Lakeville, where property tax bills can be higher than the national average.

Property Tax Bills Across Lakeville, Pike County, Pennsylvania

Source: Ownwell

$1,832

$3,649

$5,466

Median Lakeville Tax Bill

$2,643

Median Pike County Tax Bill

$3,765

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Lakeville, Pike County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18438	$1,885	$2,221	$2,643	$3,799	$4,684

Source: Ownwell