Mckeesport, Pennsylvania Property Taxes
The median property tax rate in McKeesport, PA is 3.05%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in McKeesport at $45,750, the typical annual property tax bill reaches $1,324, surpassing the national median of $2,690. Property taxes in McKeesport 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 McKeesport'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 McKeesport 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
Mckeesport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.05%
Estimate Property Tax Bill
$1,395
Ownwell’s McKeesport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McKeesport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McKeesport 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 Mckeesport, Pennsylvania
Property taxes in McKeesport, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McKeesport is 3.05%, significantly higher than the U.S. national median of 0.99%. Local government entities within McKeesport set these rates annually, and they can vary significantly across different neighborhoods. Each year, McKeesport 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 McKeesport's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15132 zip code has the highest median property tax rate of 3.48%, while the 15133 zip code has the lowest median tax rate of 2.80%. Understanding how these areas compare with McKeesport 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 Mckeesport Tax Rate
3.05%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | 2.82% | 3.05% | 3.37% | 3.37% | 3.77% |
| 15132 | 1.60% | 2.26% | 3.48% | 3.64% | 3.79% |
| 15133 | 2.24% | 2.53% | 2.80% | 3.62% | 3.66% |
| 15135 | 2.59% | 2.77% | 2.98% | 3.24% | 3.50% |
Source: Ownwell
Property Tax Assessment Values Across Mckeesport, Pennsylvania
In McKeesport, 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 McKeesport, 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. For instance, the highest median tax bill in McKeesport is $3,354 in the 15131 zip code, while the lowest median tax bill is $938 in the 15132 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mckeesport, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Mckeesport Assessed Value
$45,750
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 Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | $33,100 | $73,325 | $103,700 | $149,825 | $191,530 |
| 15132 | $11,500 | $19,500 | $33,000 | $48,800 | $69,680 |
| 15133 | $36,700 | $48,900 | $61,900 | $76,550 | $96,400 |
| 15135 | $58,320 | $75,800 | $100,150 | $137,100 | $179,060 |
Source: Ownwell
Property Tax Bills Across Mckeesport, Pennsylvania
Property tax bills in McKeesport, located in Allegheny County, PA, are calculated based on the assessed value of a property. The assessed value is determined by local government officials, who evaluate the property's market value and apply an assessment ratio. Homeowners in McKeesport can expect their property tax bills to vary significantly, with the 25th percentile bill at $746 and the 75th percentile reaching $2,156. The highest median tax bill in the area is $3,354, found in the 15131 zip code, while the lowest median tax bill is $938 in the 15132 zip code. These property tax bills are influenced by several factors, including the property's assessed value, local tax rates, and any applicable exemptions. For homeowners, this means that higher property values or fewer exemptions will result in higher tax bills. Compared to the national median property tax rate of 0.99%, McKeesport's property tax rates can have a substantial impact on homeowners' annual expenses.
Average Mckeesport Tax Bill
$1,324
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | $915 | $2,427 | $3,354 | $4,651 | $6,692 |
| 15132 | $319 | $548 | $938 | $1,452 | $2,163 |
| 15133 | $930 | $1,315 | $1,772 | $2,331 | $3,041 |
| 15135 | $1,571 | $2,127 | $3,001 | $4,215 | $5,684 |
Source: Ownwell