North Versailles, Pennsylvania Property Taxes
The median property tax rate in North Versailles, PA is 3.10%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in North Versailles at $66,500, the typical annual property tax bill reaches $2,099, slightly below the national median of $2,690. Property taxes in North Versailles are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding North Versailles' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Versailles 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
North Versailles, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.1%
Estimate Property Tax Bill
$2,062
Ownwell’s NORTH VERSAILLES Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NORTH VERSAILLES with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NORTH VERSAILLES 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 North Versailles, Pennsylvania
Property taxes in North Versailles, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Versailles is 3.10%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within North Versailles set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Versailles 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 North Versailles' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15137 zip code has the highest median property tax rate of 3.10%, while the same 15137 zip code also has the lowest median tax rate of 3.10%. Understanding how these cities compare with North Versailles 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 North Versailles Tax Rate
3.10%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Versailles, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15137 | 2.51% | 2.82% | 3.10% | 3.95% | 3.95% |
Source: Ownwell
Property Tax Assessment Values Across North Versailles, Pennsylvania
In North Versailles, 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 Office of Property Assessments 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 North Versailles, 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. Being aware of these valuation processes in North Versailles helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in North Versailles are both $2,099, found in the 15137 zip code.
Property Tax Assessment Values Across North Versailles, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average North Versailles Assessed Value
$66,500
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 North Versailles, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15137 | $36,780 | $52,500 | $66,500 | $82,050 | $103,420 |
Source: Ownwell
Property Tax Bills Across North Versailles, Pennsylvania
In North Versailles, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in North Versailles, located in Allegheny County, face a property tax rate that results in varying tax bills. For instance, homeowners at the 25th percentile pay around $1,558 annually, while those at the 75th percentile see tax bills closer to $2,766. Those in the 90th percentile can expect to pay up to $3,566. The median home price in North Versailles stands at $66,500, which significantly influences the tax bill calculations. Comparatively, the national median property tax rate is 0.99%, making North Versailles' property taxes relatively high, especially considering the highest and lowest median tax bills in the area both being $2,099 in the 15137 zip code. This impacts homeowners by increasing their annual financial obligations, which can affect affordability and long-term financial planning.
Average North Versailles Tax Bill
$2,099
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across North Versailles, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15137 | $1,010 | $1,558 | $2,099 | $2,766 | $3,566 |
Source: Ownwell