18438 Property Tax Rate

Property owners in ZIP code 18438 (Lakeville, Pennsylvania) pay a median of $3,456/year in property taxes on homes valued at $352,600. This translates to an effective tax rate of 0.98%, which is 27% below the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 18438 is approximately $288, which factors into escrow payments on mortgages. This ZIP code is located within Wayne County. This is $652 more than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 18438 has higher property taxes. ZIP codes with similar effective rates include 17007 (0.98%) and 16657 (0.98%).

In Lakeville, property taxes represent approximately 5.8% of the median household income of $59,808, providing context for the relative tax burden on homeowners in this area.

Pennsylvania does not reassess property at sale; your assessed value remains stable unless the property is physically improved or the county conducts a countywide reassessment. Wayne County offers a Property Tax/Rent Rebate Program for seniors (62+), widows, and disabled persons earning ≤$35,000 annually — apply by June 30 each year through the Pennsylvania Department of Revenue. File your Homestead Exclusion with your school district within 60 days of purchase; exclusion amounts vary by district and reduce your school tax obligation.