Plum, Pennsylvania Property Taxes
The median property tax rate in Plum, PA is 2.86%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Plum, the typical annual property tax bill reaches $5,418, exceeding the national median of $2,690. Property taxes in Plum 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 Plum'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 Plum 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
Plum, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.86%
Estimate Property Tax Bill
$5,378
Ownwell’s Plum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plum 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 Plum, Pennsylvania
Property taxes in Plum, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Plum is 2.86%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Plum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Plum 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. Understanding how these cities compare with Plum 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 Plum Tax Rate
2.86%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plum, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15239 | 2.68% | 2.82% | 2.86% | 2.92% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across Plum, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Plum, 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 Plum, 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 Plum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Plum, the zip code 15239 has the highest median tax bill of $5,418, while the same zip code also has the lowest median tax bill of $5,418. The median home price in Plum is $188,050, with tax bills ranging from $4,572 at the 25th percentile to $10,966 at the 90th percentile.
Average Plum Assessed Value
$188,050
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 Plum, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15239 | $112,710 | $163,375 | $188,050 | $218,350 | $360,350 |
Source: Ownwell
Property Tax Bills Across Plum, Pennsylvania
In Plum, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Plum is $188,050, which serves as the foundation for determining property taxes. Local authorities assess property values to establish the taxable amount, and this assessed value is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Plum face varying tax bills depending on their property values. For instance, the 25th percentile of property tax bills is $4,572, while the 75th percentile reaches $6,318. At the 90th percentile, the tax bill can soar to $10,966. The median tax bill in Plum stands at $5,418, which is significantly higher than the national median property tax rate of 0.99%. These property tax rates can have a substantial impact on homeowners, influencing their overall housing costs and financial planning.
Average Plum Tax Bill
$5,418
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Plum, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15239 | $2,756 | $4,572 | $5,418 | $6,318 | $10,966 |
Source: Ownwell