Morgan, Pennsylvania Property Taxes
The median property tax rate in Morgan, PA is 0.95%, slightly below the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With the median home value in Morgan at $67,300, the typical annual property tax bill is around $575, well under the national median of $2,690. Property taxes in Morgan are calculated based on the tax assessed value, which often comes in below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Morgan's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Morgan 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
Morgan, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.95%
Estimate Property Tax Bill
$639
Ownwell’s Morgan Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morgan with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morgan 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 Morgan, Pennsylvania
Property taxes in Morgan, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morgan is 0.95%, slightly below the U.S. national median of 0.99%. Local government entities within Morgan set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morgan 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 Morgan's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15064 zip code has both the highest and lowest median property tax rate of 0.95%. Understanding how these areas compare with Morgan 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 Morgan Tax Rate
0.95%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Morgan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15064 | 0.63% | 0.76% | 0.95% | 0.95% | 0.95% |
Source: Ownwell
Property Tax Assessment Values Across Morgan, Pennsylvania
In Morgan, 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 Morgan, 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 instance, the median home price in Morgan is $67,300, with tax bills varying significantly. Homeowners in the 25th percentile pay about $421, while those in the 75th percentile pay around $850, and in the 90th percentile, the tax bill can be as high as $1,283. The zip code with the highest and lowest median tax bill is 15064, with a median tax bill of $575. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Morgan Assessed Value
$67,300
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 Morgan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15064 | $43,000 | $50,000 | $67,300 | $105,900 | $150,140 |
Source: Ownwell
Property Tax Bills Across Morgan, Pennsylvania
In Morgan, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home rather than its market value. The median home price in Morgan is $67,300, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value, leading to variations in tax bills. For instance, homeowners in Morgan can expect to pay a tax bill ranging from $421 at the 25th percentile to $1,283 at the 90th percentile. The 75th percentile tax bill is around $850, reflecting a significant variation based on property characteristics. This system ensures that homeowners contribute to local services proportionally to the value of their property. Compared to the national median property tax rate of 0.99%, these values indicate how local assessments can impact individual tax obligations, making it crucial for homeowners to understand their property's assessed value and the corresponding tax implications.
Average Morgan Tax Bill
$575
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morgan, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15064 | $293 | $421 | $575 | $850 | $1,283 |
Source: Ownwell