La Belle, Pennsylvania Property Taxes
The median property tax rate in LA BELLE, PA is 0.91%, which is lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in LA BELLE, the typical annual property tax bill amounts to $274, significantly below the national median of $2,690. Property taxes in LA BELLE 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 LA BELLE'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 LA BELLE 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
La Belle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$263
Ownwell’s LA BELLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in LA BELLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in LA BELLE 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 La Belle, Pennsylvania
Property taxes in LA BELLE, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in LA BELLE is 0.91%, which is lower than the U.S. national median of 0.99%. Local government entities within LA BELLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, LA BELLE 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 LA BELLE's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, 15450 has the highest median property tax rate of 0.91%, while 15450 also has the lowest median tax rate of 0.91%. Understanding how these areas compare with LA BELLE 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 La Belle Tax Rate
0.91%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across La Belle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15450 | 0.91% | 0.91% | 0.91% | 1.06% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across La Belle, Pennsylvania
In LA BELLE, 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 LA BELLE, 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 LA BELLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in LA BELLE, both at $274, are found in the 15450 zip code.
Average La Belle Assessed Value
$28,905
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 La Belle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15450 | $10,520 | $19,115 | $28,905 | $40,355 | $61,540 |
Source: Ownwell
Property Tax Bills Across La Belle, Pennsylvania
In La Belle, Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in La Belle, the median home price is $28,905. Tax bills can vary significantly, with the 25th percentile tax bill at $202, the 75th percentile at $396, and the 90th percentile reaching up to $559. These variations are influenced by factors such as property size, location, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Fayette County's tax rates may present a different financial impact on homeowners. The highest and lowest median tax bills in the county are both $274, which indicates a relatively consistent tax burden within different areas of the county. Homeowners should be aware of these factors as they directly affect their annual financial planning and the overall cost of owning property in La Belle.
Average La Belle Tax Bill
$274
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across La Belle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15450 | $104 | $202 | $274 | $396 | $559 |
Source: Ownwell