Lake Lynn, Fayette County, Pennsylvania Property Taxes

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

Median LAKE LYNN, PA effective property tax rate: 0.74%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median LAKE LYNN, PA home value: $38,960
Median annual LAKE LYNN, PA tax bill: $282, $2,118 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

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

Last Updated March 1, 2025

Lake Lynn, Fayette County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.15%

Estimate Property Tax Bill

$435

$404

Ownwell’s Lake Lynn Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Lynn with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Lynn’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 Lake Lynn, Fayette County, Pennsylvania

Local government entities determine tax rates, which can vary significantly within Pennsylvania. Each county estimates its necessary budget to provide essential services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process. In Lake Lynn, located in Fayette County, the effective property tax rate stands at 0.74%, which is significantly lower than the national median property tax rate of 1.02%. This rate is consistent across the county, as evidenced by the highest and lowest median tax rates both being 0.74%. Comparing Lake Lynn to other cities in Pennsylvania, residents benefit from a more favorable tax rate. This lower rate can translate into substantial savings for homeowners, making Lake Lynn an attractive area for property investment. With property taxes being a crucial consideration for homeowners, understanding these rates can help make informed decisions about buying or investing in property in the area.

Property Tax Rates Across Lake Lynn, Fayette County, Pennsylvania

Source: Ownwell

1.15%

1.42%

1.68%

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 Lynn Tax Rate

1.15%

Median Effective Fayette County Tax Rate

1.37%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Lynn, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15451	1.15%	1.15%	1.15%	1.15%	1.15%

Source: Ownwell

Property Tax Assessment Values Across Lake Lynn, Fayette County, Pennsylvania

When examining property taxes in Lake Lynn, 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 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 March. 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 Lynn. For example, the median home price in Lake Lynn is $38,960, with tax bills ranging significantly across the county. Zip code 15451 has the highest median home price at $38,960.

Property Tax Assessment Values Across Lake Lynn, Fayette County, Pennsylvania

Source: Ownwell

$16,280

$57,150

$98,020

Median Lake Lynn Market Value

$37,850

Median Fayette County Market Value

$50,590

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Lynn, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15451	$6,130	$17,890	$37,850	$64,400	$125,490

Source: Ownwell

Property Tax Bills Across Lake Lynn, Fayette County, Pennsylvania

In Lake Lynn, Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Lake Lynn, the tax bill can vary significantly. For example, the tax bill at the 25th percentile is $143, while at the 75th percentile, it rises to $476. The 90th percentile reaches $922, highlighting the variance in tax obligations based on property values within the area. Compared to the national median property tax bill of $2,400, Lake Lynn's property taxes are relatively low, offering some relief to homeowners. However, this doesn't mean homeowners can't benefit from potential savings. By utilizing Ownwell's property tax appeal and exemption services, homeowners in Lake Lynn can ensure their property is fairly assessed, potentially lowering their tax bills. This proactive approach can lead to significant savings, easing the financial burden on homeowners.

Property Tax Bills Across Lake Lynn, Fayette County, Pennsylvania

Source: Ownwell

$198

$710

$1,222

Median Lake Lynn Tax Bill

$435

Median Fayette County Tax Bill

$705

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Lynn, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15451	$70	$206	$435	$740	$1,442

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Fayette Tax Assessor
Website	property.co.fayette.pa.us