Lake Ariel, Wayne County, Pennsylvania Property Taxes

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

Median Lake Ariel, PA effective property tax rate: 2.17%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Lake Ariel, PA home value: $193,200
Median annual Lake Ariel, PA tax bill: $4,140, $1,740 higher than the national median property tax bill of $2,400.

How are property taxes in Wayne County calculated?

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

Last Updated March 1, 2025

Lake Ariel, Wayne County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.17%

Estimate Property Tax Bill

$4,192

$3,890

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

Property Tax Rates Across Lake Ariel, Wayne County, Pennsylvania

Local government entities are responsible for setting property tax rates, and these rates can vary significantly within Pennsylvania. Each year, Wayne County determines its budget needs for public services and divides this by the total value of all taxable properties within its boundaries. This process establishes the property tax rate. Although the setting of tax rates and budgets involves votes and legislative actions, this is essentially how the annual process unfolds.

In Lake Ariel, located in Wayne County, the effective property tax rate is 2.17%. This rate is notably higher than both the Pennsylvania state median and the national median property tax rate of 1.02%. This means that homeowners in Lake Ariel may face higher property tax bills compared to other regions. Understanding these rates is crucial for property owners who wish to manage their expenses effectively or consider property tax appeals. Comparing your property tax rate to others in the state and nationally can provide valuable insights into potential savings and inform decisions about property investments.

Property Tax Rates Across Lake Ariel, Wayne County, Pennsylvania

Source: Ownwell

1.92%

2.17%

2.43%

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 Lake Ariel Tax Rate

2.17%

Median Effective Wayne County Tax Rate

2.19%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Ariel, Wayne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
18436	1.95%	2.17%	2.17%	2.18%	2.18%

Source: Ownwell

Property Tax Assessment Values Across Lake Ariel, Wayne County, Pennsylvania

When examining property taxes in Lake Ariel, 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 Wayne County Assessor's Office 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 Wayne 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 Lake Ariel.

For example, the median home price in Lake Ariel is $193,200, with tax bills ranging significantly across the county. Zip code 18436 has the highest median home price at $193,200.

Property Tax Assessment Values Across Lake Ariel, Wayne County, Pennsylvania

Source: Ownwell

$7,000

$158,875

$310,750

Median Lake Ariel Market Value

$193,200

Median Wayne County Market Value

$179,900

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Ariel, Wayne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
18436	$103,400	$148,600	$193,200	$258,100	$378,800

Source: Ownwell

Property Tax Bills Across Lake Ariel, Wayne County, Pennsylvania

In Lake Ariel, Wayne County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessments. Homeowners in this area face a median property tax bill of $4,140, considerably higher than the national median of $2,400. The assessed value of a property, along with the local tax rate, directly influences the tax bill. Factors such as property location, size, and market trends can affect the assessed value, impacting the overall tax liability for homeowners. For those in the 25th percentile, tax bills are around $3,213, while the 75th percentile sees bills up to $5,546, and the 90th percentile reaches $8,151. These figures highlight the potential burden on homeowners, especially when compared to the national median tax rate of 1.02%. Ownwell offers an opportunity for homeowners to reduce their property tax bills by providing expert appeal and exemption services, helping to ensure that assessments are fair and accurate, potentially saving homeowners significant amounts.

Property Tax Bills Across Lake Ariel, Wayne County, Pennsylvania

Source: Ownwell

$134

$3,658

$7,181

Median Lake Ariel Tax Bill

$4,140

Median Wayne County Tax Bill

$4,013

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Ariel, Wayne County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
18436	$2,383	$3,213	$4,140	$5,546	$8,151

Source: Ownwell