Beaver, Pennsylvania Property Taxes
The median property tax rate in Beaver, PA is 6.61%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $55,200 in Beaver, the typical annual property tax bill reaches $3,770, well above the national median of $2,690. Property taxes in Beaver are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Beaver'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 Beaver or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Beaver, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.61%
Estimate Property Tax Bill
$3,649
Ownwell’s Beaver Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver 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 Beaver, Pennsylvania
Property taxes in Beaver, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver is 6.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Beaver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver 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 Beaver's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15009 zip code has the highest median property tax rate of 6.61%, while the 15009 zip code also has the lowest median tax rate of 6.61%. Understanding how these cities compare with Beaver provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Tax Rate
6.61%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15009 | 6.61% | 6.61% | 6.61% | 7.41% | 7.41% |
Source: Ownwell
Property Tax Assessment Values Across Beaver, Pennsylvania
In Beaver, 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 Beaver 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 Beaver, 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 Beaver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Beaver are both $3,770, found in zip code 15009.
Average Beaver Assessed Value
$55,200
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15009 | $31,100 | $40,400 | $55,200 | $83,000 | $113,700 |
Source: Ownwell
Property Tax Bills Across Beaver, Pennsylvania
In Beaver, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $55,200, homeowners can expect their tax bills to vary significantly. The 25th percentile tax bill is around $2,817, while the 75th percentile reaches up to $5,592. The 90th percentile tax bill can be as high as $7,619. Several factors influence these variations, including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Homeowners in Beaver face property tax bills that can be notably higher than the national median property tax rate of 0.99%, reflecting the specific economic and administrative conditions of the area. Understanding these factors is crucial for homeowners to anticipate their financial responsibilities and plan accordingly.
Average Beaver Tax Bill
$3,770
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15009 | $2,069 | $2,817 | $3,770 | $5,592 | $7,619 |
Source: Ownwell