Bakerstown, Pennsylvania Property Taxes
The median property tax rate in Bakerstown, PA is 2.45%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bakerstown, the typical annual property tax bill reaches $3,226, exceeding the national median of $2,690. Property taxes in Bakerstown are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bakerstown's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bakerstown or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Bakerstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.45%
Estimate Property Tax Bill
$3,151
Ownwell’s Bakerstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bakerstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bakerstown to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bakerstown, Pennsylvania
Property taxes in Bakerstown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bakerstown is 2.45%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bakerstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bakerstown estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Bakerstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15007 zip code has the highest median property tax rate of 2.45%, while the same zip code also has the lowest median tax rate of 2.45%. Understanding how these cities compare with Bakerstown provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bakerstown Tax Rate
2.45%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bakerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15007 | 2.22% | 2.31% | 2.45% | 2.70% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Bakerstown, Pennsylvania
In Bakerstown, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Allegheny County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Bakerstown, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Bakerstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Bakerstown is $3,226, both found in the zip code 15007.
Property Tax Assessment Values Across Bakerstown, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Bakerstown Assessed Value
$128,600
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bakerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15007 | $76,800 | $103,425 | $128,600 | $183,650 | $254,220 |
Source: Ownwell
Property Tax Bills Across Bakerstown, Pennsylvania
In Bakerstown, located in Allegheny 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 example, with a median home price of $128,600, homeowners can expect their property tax bills to vary. The 25th percentile tax bill is approximately $2,426, while the 75th percentile reaches around $4,503, and the 90th percentile can go up to $6,380. These tax bills can significantly impact homeowners, as property taxes are a substantial part of homeownership costs. Compared to the national median property tax rate of 0.99%, the rates in Bakerstown reflect the local government's funding needs for public services such as schools, infrastructure, and emergency services. Understanding these factors helps homeowners anticipate their annual expenses and plan their finances accordingly.
Average Bakerstown Tax Bill
$3,226
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bakerstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15007 | $1,848 | $2,426 | $3,226 | $4,503 | $6,380 |
Source: Ownwell