Coraopolis, Pennsylvania Property Taxes
The median property tax rate in Coraopolis, PA is 2.70%, which is significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $147,900 in Coraopolis, the typical annual property tax bill reaches $3,943, far exceeding the national median of $2,690. Property taxes in Coraopolis are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Coraopolis'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 Coraopolis 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
Coraopolis, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.7%
Estimate Property Tax Bill
$3,993
Ownwell’s Coraopolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coraopolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coraopolis 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 Coraopolis, Pennsylvania
Property taxes in Coraopolis, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coraopolis is 2.70%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coraopolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coraopolis 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 Coraopolis's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15108 zip code has the highest median property tax rate of 2.70%, while the same zip code also has the lowest median tax rate of 2.70%. Understanding how these cities compare with Coraopolis 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 Coraopolis Tax Rate
2.70%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | 2.21% | 2.47% | 2.70% | 3.01% | 3.20% |
Source: Ownwell
Property Tax Assessment Values Across Coraopolis, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coraopolis, Pennsylvania. 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 Coraopolis, 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. The median home price in Coraopolis is $147,900, with tax bills ranging from $2,665 at the 25th percentile to $8,212 at the 90th percentile. The highest and lowest median tax bills are both $3,943, found in the 15108 zip code. 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 in Coraopolis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Coraopolis, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Coraopolis Assessed Value
$147,900
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 Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | $54,800 | $97,500 | $147,900 | $214,000 | $299,000 |
Source: Ownwell
Property Tax Bills Across Coraopolis, Pennsylvania
In Coraopolis, located in 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 tax rate to determine the annual tax bill. For example, with a median home price of $147,900, homeowners can expect their tax bills to vary significantly. The tax bill at the 25th percentile is $2,665, while at the 75th percentile, it rises to $5,788, and at the 90th percentile, it can reach $8,212. This variability is influenced by the specific assessed value of the property and the local tax rate, which may be higher or lower than the national median property tax rate of 0.99%. Homeowners in the 15108 zip code, which encompasses Coraopolis, experience a median tax bill of $3,943. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services, directly impacting the quality of life and property values in the area.
Average Coraopolis Tax Bill
$3,943
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | $1,649 | $2,665 | $3,943 | $5,788 | $8,212 |
Source: Ownwell