Coraopolis, Pennsylvania Property Taxes
The median property tax rate in Coraopolis, PA is 6.15%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Coraopolis at $39,450, the typical annual property tax bill reaches $2,425, which is just below the national median of $2,690. Property taxes in Coraopolis are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence exemption. Understanding Coraopolis'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 Coraopolis or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coraopolis, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.15%
Estimate Property Tax Bill
$2,426
Ownwell’s Coraopolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Coraopolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Coraopolis 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 Coraopolis, Pennsylvania
Property taxes in Coraopolis, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coraopolis stands at 6.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coraopolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coraopolis 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 Coraopolis's effective property tax rate to other areas and the national median. For comparison, the zip code 15108 has the highest median property tax rate of 6.15%, while the same zip code also has the lowest median tax rate of 6.15%. Understanding how these figures compare with Coraopolis 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 Coraopolis Tax Rate
6.15%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | 6.15% | 6.15% | 6.15% | 6.19% | 6.27% |
Source: Ownwell
Property Tax Assessment Values Across Coraopolis, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coraopolis, 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 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 Coraopolis, 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 Coraopolis is $39,450, with the median tax bill at $2,425 in the 15108 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Coraopolis Assessed Value
$39,450
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 Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | $36,980 | $38,150 | $39,450 | $41,400 | $43,740 |
Source: Ownwell
Property Tax Bills Across Coraopolis, Pennsylvania
In Coraopolis, located in Beaver County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county’s property assessor and reflects a percentage of the property's market value. Homeowners in Coraopolis can expect their property tax bill to fall within a range, with the 25th percentile tax bill at $2,361 and the 75th percentile at $2,545. The 90th percentile tax bill reaches $2,689, indicating that higher-valued properties are subject to more substantial tax bills. Compared to the national median property tax rate of 0.99%, Beaver County's rates can be seen as relatively high, which may impact homeowners by increasing their annual housing costs. The highest median tax bill in the area is $2,425, found in the 15108 zip code, which is both the highest and lowest median tax bill reported. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly affecting the quality of life for Coraopolis residents.
Average Coraopolis Tax Bill
$2,425
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coraopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15108 | $2,318 | $2,361 | $2,425 | $2,545 | $2,689 |
Source: Ownwell