Braddock, Pennsylvania Property Taxes
The median property tax rate in Braddock, PA is 4.27%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $23,400 in Braddock, the typical annual property tax bill amounts to $808, which, while lower than the national median of $2,690, is still a substantial burden relative to property values. Property taxes in Braddock are calculated based on the assessed value rather than the market value, often resulting in lower assessments due to exemptions like the primary residence exemption. Navigating Braddock'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 Braddock or another part of Allegheny County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Braddock, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.27%
Estimate Property Tax Bill
$999
Ownwell’s Braddock Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Braddock with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Braddock 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 Braddock, Pennsylvania
Property taxes in Braddock, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Braddock is 4.27%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Braddock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Braddock 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 Braddock's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15104 has the highest median property tax rate of 4.27%, while the same zip code also has the lowest median tax rate of 4.27%. Understanding how these cities compare with Braddock 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 Braddock Tax Rate
4.27%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Braddock, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15104 | 1.38% | 2.78% | 4.27% | 4.27% | 4.54% |
Source: Ownwell
Property Tax Assessment Values Across Braddock, Pennsylvania
In Braddock, 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 Braddock, 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. For example, the median home price in Braddock is $23,400, with tax bills ranging from $470 at the 25th percentile to $1,939 at the 90th percentile. The zip code 15104 has both the highest and lowest median tax bill at $808. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Braddock Assessed Value
$23,400
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 Braddock, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15104 | $10,000 | $14,800 | $23,400 | $34,300 | $53,880 |
Source: Ownwell
Property Tax Bills Across Braddock, Pennsylvania
In Braddock, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate. The median home price in Braddock is $23,400, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is around $470, while the 75th percentile tax bill is about $1304, and the 90th percentile tax bill can reach up to $1939. These variations are influenced by factors such as property location, improvements, and market conditions. Homeowners in Braddock with properties in the zip code 15104 experience a median tax bill of $808, which is significantly lower than the national median property tax rate of 0.99%. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances more effectively.
Average Braddock Tax Bill
$808
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Braddock, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15104 | $265 | $470 | $808 | $1,304 | $1,939 |
Source: Ownwell