Shippingport, Pennsylvania Property Taxes
The median property tax rate in Shippingport, PA is 4.82%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Shippingport at $30,800, the typical annual property tax bill reaches $1,485, surpassing the national median of $2,690. Property taxes in Shippingport are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Shippingport'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 Shippingport or another part of Beaver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shippingport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.82%
Estimate Property Tax Bill
$1,485
Ownwell’s Shippingport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shippingport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shippingport 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 Beaver County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shippingport, Pennsylvania
Property taxes in Shippingport, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shippingport is 4.82%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Shippingport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shippingport 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 Shippingport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15077 zip code has the highest median property tax rate of 4.82%, while the same zip code also has the lowest median tax rate of 4.82%. Understanding how these cities compare with Shippingport 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 Shippingport Tax Rate
4.82%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Shippingport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15077 | 4.82% | 4.82% | 4.82% | 4.82% | 4.82% |
Source: Ownwell
Property Tax Assessment Values Across Shippingport, Pennsylvania
In Shippingport, 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. 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 Shippingport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15077 has the highest and lowest median tax bill of $1,485 in the area, which is significantly higher than the national median property tax rate of 0.99%.
Average Shippingport Assessed Value
$30,800
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 Shippingport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15077 | $5,700 | $14,925 | $30,800 | $45,150 | $55,970 |
Source: Ownwell
Property Tax Bills Across Shippingport, Pennsylvania
In Shippingport, property tax bills are calculated based on the assessed value of the home and the local tax rate set by Beaver County. Homeowners in this area see a range of property tax bills depending on their home's assessed value. For instance, the 25th percentile tax bill is approximately $719, while the 75th percentile tax bill can reach up to $2,176, and the 90th percentile hits around $2,698. The median home price in Shippingport is $30,800, which is significantly lower than the national median. Despite this, the property tax rate can still create a substantial financial impact on homeowners. The highest and lowest median tax bills in the area are both $1,485, as seen in the zip code 15077. These figures underscore the variability in property tax burdens across different properties. Understanding these factors can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Shippingport Tax Bill
$1,485
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shippingport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15077 | $275 | $719 | $1,485 | $2,176 | $2,698 |
Source: Ownwell