Russellton, Pennsylvania Property Taxes
The median property tax rate in Russellton, PA is 2.69%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Russellton at $72,250, the typical annual property tax bill reaches $1,893, which is below the national median of $2,690. Property taxes in Russellton 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 Russellton'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 Russellton 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
Russellton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.69%
Estimate Property Tax Bill
$1,944
Ownwell’s Russellton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Russellton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Russellton 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 Russellton, Pennsylvania
Property taxes in Russellton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Russellton is 2.69%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Russellton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Russellton 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 Russellton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15076 zip code has the highest median property tax rate of 2.69%, while the same zip code also has the lowest median tax rate of 2.69%. Understanding how these cities compare with Russellton 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 Russellton Tax Rate
2.69%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Russellton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15076 | 2.07% | 2.35% | 2.69% | 3.04% | 3.04% |
Source: Ownwell
Property Tax Assessment Values Across Russellton, Pennsylvania
In Russellton, 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 Russellton, 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 Russellton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,893 in the 15076 zip code, while the lowest median tax bill is also $1,893 in the same zip code.
Property Tax Assessment Values Across Russellton, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Russellton Assessed Value
$72,250
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 Russellton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15076 | $35,050 | $51,100 | $72,250 | $100,525 | $125,940 |
Source: Ownwell
Property Tax Bills Across Russellton, Pennsylvania
In Russellton, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is intended to reflect the market value of the property. This value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Russellton, the tax bill can vary significantly. The 25th percentile tax bill stands at $1,270, while the 75th percentile reaches $2,649, and the 90th percentile hits $3,551. These figures highlight the range of property tax obligations within the area, influenced by factors such as property size, location, and market conditions. Compared to the national median property tax rate of 0.99%, Russellton's tax rates indicate a higher burden for some homeowners. This variability affects homeowners differently, with higher-valued properties shouldering a more substantial tax responsibility, impacting their overall financial planning and housing affordability.
Average Russellton Tax Bill
$1,893
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Russellton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15076 | $766 | $1,270 | $1,893 | $2,649 | $3,551 |
Source: Ownwell