Property Taxes in Lakeville, Pennsylvania
Median Lakeville, Pennsylvania effective property tax rate: 1.46%, significantly lower than the national median of 1.02%, and lower than the Pennsylvania state median of 2.75%.
Median Lakeville, Pennsylvania home value: $295,200
Median annual Lakeville, Pennsylvania tax bill: $4,300, $1,900 lower than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Lakeville, 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 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 April 13, 2026
How Does the Lakeville Property Tax Calculator Work?
Use this Lakeville property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lakeville's median effective tax rate of 1.46% — based on actual property records in Wayne County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lakeville'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 Lakeville: rates range from 1.46% in 18438 to 1.46% in 18438, 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 Lakeville.
About Lakeville Property Taxes
About Property Taxes in Lakeville, Wayne, PA
Lakeville's median effective property tax rate of 1.46% is lower than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Wayne 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 Lakeville. Homeowners in the 18438 ZIP code carry a median effective rate of 1.46%, while those in the same ZIP code also pay 1.46%. This spread reflects how school district boundaries and local assessment districts are drawn across Wayne County. Understanding which part of Lakeville you live in can make a meaningful difference to your annual tax bill.
Lakeville homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the September 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 Lakeville, Wayne 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 Lakeville'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 Lakeville Tax Rate
1.46%
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 Wayne County Tax Rate
1.63%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Lakeville, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18438 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Lakeville, Wayne County, Pennsylvania
When examining property taxes in Lakeville, 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. The Wayne County assessment 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. Each property owner receives a notice that contains both the market value and assessed value, along with an estimate of your property tax bill.
For example, the median home price in Lakeville is $295,200, with a median tax bill of $4,300. The highest median home price is in zip code 18438.
Property Tax Assessment Values Across Lakeville, Wayne County, Pennsylvania
Source: Ownwell
$6,400
$150,800
$295,200
Median Lakeville Market Value
$295,200
Median Wayne County Market Value
$182,100
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Lakeville, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18438 | $138,120 | $208,000 | $295,200 | $452,000 | $666,980 |
Source: Ownwell
Property Tax Bills Across Lakeville, Wayne County, Pennsylvania
Property tax bills in Lakeville are based on the assessed value of a home and the local tax rate set by taxing authorities in Wayne County. When a property’s market value changes, the assessed value can also change, which affects the final tax bill. Factors such as home size, location, and comparable sales in the area can influence how much a home is assessed for.
For Lakeville homeowners, this means a higher assessed value can lead to a larger tax bill, while a lower assessed value may reduce it. With a median home price of $295,200, property taxes can be a significant part of housing costs. The typical tax bill in the area ranges from $3,031 at the 25th percentile to $6,583 at the 75th percentile, with the 90th percentile reaching $9,714. In ZIP code 18438, the median tax bill is $4,300.
Median Lakeville Tax Bill
$4,300
Median Wayne County Tax Bill
$3,056
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Lakeville, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18438 | $2,012 | $3,031 | $4,300 | $6,583 | $9,714 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| Wayne Tax Assessor | |
| Website | taxservices.waynecountypa.gov |