Example of Lackawanna County Property Tax Calculation
Lackawanna County calculates property tax based on the assessed value of a property. Let's say a house is assessed at $100,000. The county sets a millage rate, which is the amount of tax paid per $1,000 of assessed value. For example, if the millage rate is 20, the property tax paid would be $2,000 (20 millage rate x $100 assessed value).
In addition to the county's millage rate, there may be additional millage rates set by municipalities or school districts. These rates would add to the overall property tax bill.
It's important to note that property tax rates can vary year to year and are subject to change based on budget decisions made by county and local officials.
If you want appeal your property tax assessment - contact your local tax assessor.
Lackawanna County Property Tax Rates
Lackawanna County Property Tax Rates for the year 2021 are as follows:
| Tax | Rate per $100 of Assessed Value |
|---|---|
| County Tax | $4.89 |
| Municipal Tax | $1.41 |
| School District Tax | Varies by District |
It is important to note that the school district tax rate varies depending on which school district the property is located in. Property owners in Lackawanna County should check with their local school district for the exact tax rate.
Who sets property tax rates in Lackawanna County ?
The property tax rates in Lackawanna County are set by the county commissioners, who are elected officials responsible for governing the county. The rates are typically set annually as part of the budget process.
The Lackawanna County Tax Assessment Office is responsible for determining the value of properties within the county, which is used to calculate the property tax bill. The office also processes appeals from property owners who disagree with the assessed value of their property.
Overall, property taxes are an important source of revenue for local governments, including schools, fire departments, and other essential services. Property owners in Lackawanna County should be aware of the rates and how they are determined in order to plan for their tax bills each year.
Here is the information presented in a table format:
| Who sets property tax rates in Lackawanna County? | County commissioners |
|---|---|
| When are property tax rates set in Lackawanna County? | Annually as part of the budget process |
| Who determines the value of properties in Lackawanna County? | Lackawanna County Tax Assessment Office |
| How are appeals from property owners handled in Lackawanna County? | Processed by the Tax Assessment Office |
When is Lackawanna County Property Tax due ?
Lackawanna County Property Tax is typically due on or before December 31st of each year. There are a few payment methods available for property owners to use:
| Payment Method | Description |
|---|---|
| Online Payment | Property owners can pay their taxes through the Lackawanna County website. They can use a credit card, debit card, or e-check to make their payment. |
| Mail-in Payment | Property owners can mail their payment to the Lackawanna County Treasurer's Office. They should make their check payable to "Lackawanna County Treasurer" and include their tax ID number on the memo line. |
| In-person Payment | Property owners can pay their taxes in person at the Lackawanna County Treasurer's Office. They can pay with cash, check, or money order. |
It is important to note that failure to pay property taxes on time can result in penalties and interest being added to the amount owed. However, if a property owner is unable to pay their taxes in full by the due date, they may be able to set up a payment plan with the Treasurer's Office.
If you have more questions - contact your local tax collector.
How is Lackawanna County Property Tax penalty calculated ?
Lackawanna County Property Tax Penalty Calculation
When property owners in Lackawanna County fail to pay their property taxes on time, they may be subject to penalties. These penalties are calculated based on the amount of unpaid taxes and the length of time they remain unpaid.
The penalty for late payment of property taxes in Lackawanna County is 10% of the unpaid taxes. In addition, interest accrues on the unpaid taxes at a rate of 0.5% per month. This means that if a property owner owes $5,000 in property taxes and fails to pay them on time, they will be charged a penalty of $500 (10% of $5,000) plus interest that starts accumulating after the due date.
To illustrate this further, let's say that the due date for property taxes is January 1st and the property owner fails to pay until March 1st. By that time, they owe $5,000 in unpaid taxes plus the penalty of $500 (10% of $5,000). Interest starts accruing from February 1st and by March 1st, the interest charged would be $25 (0.5% of $5,000 for one month). Therefore, the total amount owed would be $5,525 ($5,000 + $500 + $25).
It's important to note that the penalty and interest charges continue to increase each month that the taxes remain unpaid. Therefore, it's crucial for property owners in Lackawanna County to pay their property taxes on time to avoid unnecessary financial burden.
Summary table:
| Unpaid taxes | Penalty | Interest | Total amount owed |
|---|---|---|---|
| $5,000 | $500 (10% of $5,000) | $25 (0.5% of $5,000 for one month) | $5,525 |
Homestead exemptions in Lackawanna County ?
To help homeowners in Lackawanna County in Pennsylvania understand their Homestead exemptions and deductions, we've put together a table with all the relevant information. Here are the columns and what they include:
| Column | Description |
|---|---|
| Exemption | The type of exemption or deduction available |
| Eligibility | Who is eligible to apply for the exemption or deduction |
| Amount | The amount of the exemption or deduction |
| Notes | Any additional information or requirements for applying |
Now, let's take a closer look at the exemptions and deductions available in Lackawanna County:
Homestead Exemption
The Homestead Exemption is available to homeowners who use their property as their primary residence. It provides a reduction in the property's assessed value, which in turn lowers the amount of property tax owed.
| Exemption | Eligibility | Amount | Notes |
|---|---|---|---|
| Homestead Exemption | Property must be the homeowner's primary residence as of January 1 | $18,000 | Must be applied for between January 1 and March 31 |
| Homestead Exemption | Property must be the homeowner's primary residence as of January 1 | 50% of AV | Applies to school district property taxes only |
| Homestead Exemption | Property must be the homeowner's primary residence as of January 1 | $5,600 | Available to homeowners who qualify for the property tax/rent rebate program for seniors and disabled individuals, and whose income is below a certain threshold |
Other Exemptions and Deductions
In addition to the Homestead Exemption, there are several other exemptions and deductions available to homeowners in Lackawanna County:
| Exemption/Deduction | Eligibility | Amount | Notes |
|---|---|---|---|
| Clean and Green | Property must be used for agricultural purposes | Varies | Limits the amount of property tax owed based on the property's use as farmland |
| Disabled Veteran's Exemption | Must be a veteran with a service-connected disability rating | Varies | Provides a reduction in the assessed value of the property for disabled veterans |
| Widows, Widowers and Veterans | Spouse must have been a veteran and the property must be their primary residence | Varies | Provides a reduction in the assessed value of the property for certain widows, widowers, and veterans |
It's important for homeowners to review all available exemptions and deductions to determine which ones they may be eligible for. For more information and to apply for these exemptions and deductions, homeowners should contact the Lackawanna County Tax Assessment Office.
We recommend contacting the Lackawanna County Tax Office or a local tax professional for the most up-to-date and accurate information.