Crafton, Pennsylvania Property Taxes
The median property tax rate in Crafton, PA is 3.21%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Crafton at $101,300, the typical annual property tax bill reaches $3,136, surpassing the national median of $2,690. Property taxes in Crafton are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Crafton'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 Crafton 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
Crafton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$3,252
Ownwell’s Crafton Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Crafton using just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Crafton to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available further down the page. Your property’s assessed value is determined by the county for tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across Crafton, Pennsylvania
Property taxes in Crafton, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Crafton is 3.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Crafton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Crafton 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 Crafton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15205 zip code has the highest median property tax rate of 3.21%, while the same zip code also has the lowest median tax rate of 3.21%. Understanding how these cities compare with Crafton 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 Crafton Tax Rate
3.21%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Crafton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15205 | 2.30% | 2.66% | 3.21% | 3.52% | 4.01% |
Source: Ownwell
Property Tax Assessment Values Across Crafton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Crafton, 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 Crafton, 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 Crafton is $101,300, with property tax bills ranging from $2,380 at the 25th percentile to $5,208 at the 90th percentile. The highest and lowest median tax bills are both found in the 15205 zip code, each at $3,136. 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 Crafton Assessed Value
$101,300
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 Crafton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15205 | $59,890 | $80,000 | $101,300 | $123,350 | $144,120 |
Source: Ownwell
Property Tax Bills Across Crafton, Pennsylvania
In Crafton, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual property tax bill. For homeowners in Crafton, located in Allegheny County, the median home price is $101,300. Property tax bills can vary significantly, with the 25th percentile at $2,380 and the 75th percentile at $4,061. The highest median tax bill in the area reaches $3,136, which aligns with the median tax bill for the region. These property tax rates directly impact homeowners by influencing their annual financial obligations. Higher assessed values and tax rates lead to higher tax bills, which can affect decisions on home buying, selling, and overall financial planning. Compared to the national median property tax rate of 0.99%, Crafton's property tax rates reflect the local economic conditions and governmental funding needs.
Average Crafton Tax Bill
$3,136
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Crafton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15205 | $1,668 | $2,380 | $3,136 | $4,061 | $5,208 |
Source: Ownwell