Brackenridge, Pennsylvania Property Taxes
The median property tax rate in Brackenridge, PA is 2.89%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Brackenridge at $52,600, the typical annual property tax bill reaches $1,567, exceeding the national median of $2,690. Property taxes in Brackenridge 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 Brackenridge'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 Brackenridge 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
Brackenridge, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$1,520
Ownwell’s Brackenridge Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brackenridge with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brackenridge 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 Brackenridge, Pennsylvania
Property taxes in Brackenridge, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brackenridge is 2.89%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Brackenridge set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brackenridge 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 Brackenridge's effective property tax rate to other areas in Allegheny County and the national median. For comparison, the zip code 15014 has the highest median property tax rate of 2.89%, while the same zip code also has the lowest median tax rate of 2.89%. Understanding how these areas compare with Brackenridge 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 Brackenridge Tax Rate
2.89%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brackenridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15014 | 1.94% | 2.44% | 2.89% | 3.61% | 3.61% |
Source: Ownwell
Property Tax Assessment Values Across Brackenridge, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brackenridge, PA. 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. 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 Brackenridge helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with both the highest and lowest median tax bill is 15014, with a tax bill of $1,567.
Property Tax Assessment Values Across Brackenridge, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Brackenridge Assessed Value
$52,600
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 Brackenridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15014 | $29,120 | $38,900 | $52,600 | $72,150 | $90,500 |
Source: Ownwell
Property Tax Bills Across Brackenridge, Pennsylvania
In Brackenridge, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The assessed value is a percentage of the property's market value. Homeowners in Brackenridge can expect their tax bills to vary significantly based on this assessed value. For example, the tax bill at the 25th percentile is around $1,065, while at the 75th percentile, it rises to $2,186. At the 90th percentile, it can go as high as $2,823. These property tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions or appeals. Compared to the national median property tax rate of 0.99%, Brackenridge's property taxes reflect the region's specific economic conditions and funding needs for public services. For homeowners, understanding these factors is crucial, as property taxes can significantly impact their annual expenses and overall financial planning.
Average Brackenridge Tax Bill
$1,567
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Brackenridge, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15014 | $683 | $1,065 | $1,567 | $2,186 | $2,823 |
Source: Ownwell