Bloomfield, Pennsylvania Property Taxes
The median property tax rate in Bloomfield, PA is 2.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bloomfield at $78,400, the typical annual property tax bill reaches $1,472, exceeding the national median of $2,690. Property taxes in Bloomfield are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bloomfield'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 Bloomfield 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
Bloomfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$1,803
Ownwell’s Bloomfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bloomfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bloomfield 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 Bloomfield, Pennsylvania
Property taxes in Bloomfield, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bloomfield stands at 2.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bloomfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bloomfield 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 Bloomfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15224 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Bloomfield provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Bloomfield Tax Rate
2.30%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15224 | 1.72% | 1.87% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Bloomfield, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Bloomfield, 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 Allegheny County Appraisal District 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 Bloomfield, 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 Bloomfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1472, found in zip code 15224.
Property Tax Assessment Values Across Bloomfield, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Bloomfield Assessed Value
$78,400
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15224 | $51,980 | $55,000 | $78,400 | $94,700 | $103,960 |
Source: Ownwell
Property Tax Bills Across Bloomfield, Pennsylvania
In Bloomfield, property tax bills are calculated based on the assessed value of a home, which is determined by the Allegheny County property assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $78,400, homeowners can expect a tax bill ranging from $1,214 at the 25th percentile to $2,247 at the 90th percentile. The median tax bill stands at $1,472, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the assessed value, including the home's size, age, location, and any improvements made. These assessments are critical as they directly impact the amount homeowners will pay in property taxes. Higher tax bills can affect homeowners by increasing their annual housing costs, which can be particularly burdensome for those on fixed incomes. Understanding how these taxes are calculated can help homeowners plan their finances more effectively and potentially seek exemptions or appeal their assessments if they believe their property has been overvalued.
Average Bloomfield Tax Bill
$1,472
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15224 | $1,011 | $1,214 | $1,472 | $1,917 | $2,247 |
Source: Ownwell