Bradfordwoods, Pennsylvania Property Taxes
The median property tax rate in Bradfordwoods, PA is 2.60%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bradfordwoods at $261,700, the typical annual property tax bill reaches $6,803, exceeding the national median of $2,690. Property taxes in Bradfordwoods are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Bradfordwoods' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Bradfordwoods 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
Bradfordwoods, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.6%
Estimate Property Tax Bill
$6,804
Ownwell’s Bradfordwoods Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bradfordwoods with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bradfordwoods 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 Allegheny County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Bradfordwoods, Pennsylvania
Property taxes in Bradfordwoods, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bradfordwoods is 2.60%, significantly higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Bradfordwoods set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bradfordwoods 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 Bradfordwoods' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15015 zip code has the highest median property tax rate of 2.60%, while the same zip code also has the lowest median tax rate of 2.60%. Understanding how these cities compare with Bradfordwoods 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 Bradfordwoods Tax Rate
2.60%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bradfordwoods, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15015 | 2.50% | 2.56% | 2.60% | 2.66% | 2.78% |
Source: Ownwell
Property Tax Assessment Values Across Bradfordwoods, Pennsylvania
In Bradfordwoods, 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 Allegheny 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 Bradfordwoods, 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. Bradfordwoods sees a median home price of $261,700, with tax bills ranging from $5,481 at the 25th percentile to $11,249 at the 90th percentile. The highest and lowest median tax bills are both $6,803 in zip code 15015. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Bradfordwoods, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Bradfordwoods Assessed Value
$261,700
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 Bradfordwoods, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15015 | $175,800 | $215,300 | $261,700 | $326,000 | $412,800 |
Source: Ownwell
Property Tax Bills Across Bradfordwoods, Pennsylvania
In Bradford Woods, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as the property's location, size, and condition can influence its assessed value. For instance, the median home price in Bradford Woods is $261,700. Homeowners in this area experience property tax bills that vary significantly. The 25th percentile tax bill stands at $5,481, while the 75th percentile reaches $8,590, and the 90th percentile peaks at $11,249. Comparatively, the national median property tax rate is 0.99%, making Bradford Woods' rates notably higher. These higher tax bills can impact homeowners by increasing the overall cost of owning a home, potentially affecting affordability and long-term financial planning. The highest and lowest median tax bills in the area are both $6,803, indicating a consistent tax rate within the zip code 15015.
Average Bradfordwoods Tax Bill
$6,803
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bradfordwoods, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15015 | $4,447 | $5,481 | $6,803 | $8,590 | $11,249 |
Source: Ownwell