Bunola, Pennsylvania Property Taxes
The median property tax rate in Bunola, PA is 3.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Bunola at $52,800, the typical annual property tax bill reaches $1,310, exceeding the national median of $2,690. Property taxes in Bunola 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 Bunola'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 Bunola 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
Bunola, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.3%
Estimate Property Tax Bill
$1,742
Ownwell’s Bunola Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Bunola with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Bunola 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 Bunola, Pennsylvania
Property taxes in Bunola, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Bunola is 3.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Bunola set these rates annually, and they can vary significantly across different neighborhoods. Each year, Bunola 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 Bunola's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15020 zip code has the highest median property tax rate of 3.30%, while the same zip code also has the lowest median tax rate of 3.30%. Understanding how these cities compare with Bunola 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 Bunola Tax Rate
3.30%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Bunola, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15020 | 2.15% | 2.41% | 3.30% | 3.30% | 3.30% |
Source: Ownwell
Property Tax Assessment Values Across Bunola, Pennsylvania
In Bunola, 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 Bunola, 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. For example, the zip code 15020 has both the highest and lowest median tax bill at $1,310. Being aware of these valuation processes in Bunola helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Bunola Assessed Value
$52,800
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 Bunola, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15020 | $5,690 | $22,275 | $52,800 | $69,825 | $99,670 |
Source: Ownwell
Property Tax Bills Across Bunola, Pennsylvania
Property tax bills in Bunola, located in Allegheny County, PA, are calculated based on the assessed value of the property. The assessed value is determined by the county's property assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. In Bunola, the median home price is $52,800, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $735, while the 75th percentile tax bill is $2,030, and the 90th percentile tax bill reaches up to $2,673. These variations highlight how different factors such as property size, location, and improvements can affect the assessed value and, consequently, the tax bill. Homeowners in Bunola should be aware that their property tax bills are influenced by both the assessed value of their homes and the local tax rate. Comparing this to the national median property tax rate of 0.99%, Bunola's tax rates can have a notable impact on the overall cost of homeownership in the area.
Average Bunola Tax Bill
$1,310
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Bunola, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15020 | $179 | $735 | $1,310 | $2,030 | $2,673 |
Source: Ownwell