Rostraver Township, Pennsylvania Property Taxes
The median property tax rate in Rostraver Township, PA is 2.53%, which is considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rostraver Township at $70,600, the typical annual property tax bill reaches $1,787, which is below the national median of $2,690. Property taxes in Rostraver Township 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 Rostraver Township'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 Rostraver Township 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
Rostraver Township, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$1,786
Ownwell’s Rostraver Township Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Rostraver Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rostraver Township to provide an estimate of 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 Rostraver Township, Pennsylvania
Property taxes in Rostraver Township, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rostraver Township is 2.53%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Rostraver Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rostraver Township 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 Rostraver Township's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15012 has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these areas compare with Rostraver Township 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 Rostraver Township Tax Rate
2.53%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rostraver Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | 2.36% | 2.43% | 2.53% | 2.82% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Rostraver Township, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rostraver Township, PA. 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 local appraisal district 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 Rostraver Township, 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. The median home price in the area is $70,600, with tax bills ranging from $1,624 at the 25th percentile to $2,838 at the 90th percentile. The highest and lowest median tax bill, both at $1,787, are found in zip code 15012. Being aware of these valuation processes in Rostraver Township helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Rostraver Township, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Rostraver Township Assessed Value
$70,600
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 Rostraver Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | $58,170 | $65,775 | $70,600 | $76,800 | $86,880 |
Source: Ownwell
Property Tax Bills Across Rostraver Township, Pennsylvania
In Rostraver Township, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For context, the median home price in Rostraver Township is $70,600. Homeowners in this area typically see a range of tax bills. At the 25th percentile, the tax bill is around $1,624, while at the 75th percentile, it rises to approximately $2,183. For those in the 90th percentile, tax bills can reach up to $2,838. The highest and lowest median tax bills in the township are both recorded at $1,787 in the zip code 15012. Compared to the national median property tax rate of 0.99%, the rates in Rostraver Township can significantly impact homeowners, particularly as home values and assessed rates fluctuate. Understanding these factors is crucial for homeowners to anticipate their annual financial obligations accurately.
Average Rostraver Township Tax Bill
$1,787
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rostraver Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | $1,386 | $1,624 | $1,787 | $2,183 | $2,838 |
Source: Ownwell