Keisterville, Pennsylvania Property Taxes
The median property tax rate in Keisterville, PA is 1.14%, which is notably higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With the median home value in Keisterville at $39,475, the typical annual property tax bill amounts to $450, which is considerably below the national median of $2,690. Property taxes in Keisterville 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 Keisterville'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 Keisterville or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Keisterville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.14%
Estimate Property Tax Bill
$450
Ownwell’s Keisterville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Keisterville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Keisterville 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 Keisterville, Pennsylvania
Property taxes in Keisterville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Keisterville is 1.14%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Keisterville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Keisterville 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 Keisterville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15449 zip code has the highest median property tax rate of 1.14%, while the 15449 zip code also has the lowest median tax rate of 1.14%. Understanding how these areas compare with Keisterville provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Keisterville Tax Rate
1.14%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Keisterville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15449 | 1.03% | 1.08% | 1.14% | 1.27% | 1.57% |
Source: Ownwell
Property Tax Assessment Values Across Keisterville, Pennsylvania
In Keisterville, 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 Fayette 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 Keisterville, 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 Keisterville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15449 has both the highest and lowest median tax bills at $450, providing a balanced perspective on local property tax obligations.
Property Tax Assessment Values Across Keisterville, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Keisterville Assessed Value
$39,475
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Keisterville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15449 | $17,901 | $28,708 | $39,475 | $46,862 | $55,848 |
Source: Ownwell
Property Tax Bills Across Keisterville, Pennsylvania
In Keisterville, Fayette County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in Keisterville is $39,475. Homeowners in this area can expect their tax bills to vary depending on several factors, including the assessed value of their property and the local tax rate. For instance, tax bills range from the 25th percentile at $364 to the 75th percentile at $505, with the 90th percentile reaching up to $576. The assessed value of the property is determined by local authorities and is intended to reflect the market value. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Given that the national median property tax rate is 0.99%, homeowners in Keisterville might find their tax bills relatively manageable. However, these taxes are crucial as they fund essential community services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average Keisterville Tax Bill
$450
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Keisterville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15449 | $280 | $364 | $450 | $505 | $576 |
Source: Ownwell