Finleyville, Pennsylvania Property Taxes
The median property tax rate in Finleyville, PA is 2.90%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Finleyville, the typical annual property tax bill reaches $3,237, surpassing the national median of $2,690. Property taxes in Finleyville 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 Finleyville'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 Finleyville 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
Finleyville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$3,226
Ownwell’s Finleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Finleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Finleyville 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 Finleyville, Pennsylvania
Property taxes in Finleyville, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Finleyville is 2.90%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Finleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Finleyville 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 Finleyville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15332 zip code has the highest median property tax rate of 2.90%, while the 15332 zip code also has the lowest median tax rate of 2.90%. Understanding how these cities compare with Finleyville 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 Finleyville Tax Rate
2.90%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | 2.55% | 2.73% | 2.90% | 3.29% | 3.32% |
Source: Ownwell
Property Tax Assessment Values Across Finleyville, Pennsylvania
In Finleyville, 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 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 Finleyville, 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. For instance, the median home price is $111,250, with tax bills ranging from $2,388 at the 25th percentile to $8,004 at the 90th percentile. The highest and lowest median tax bills are both $3,237 in the 15332 zip code. 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 Finleyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Finleyville, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Finleyville Assessed Value
$111,250
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 Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | $65,300 | $85,425 | $111,250 | $164,475 | $263,500 |
Source: Ownwell
Property Tax Bills Across Finleyville, Pennsylvania
Property tax bills in Finleyville, located in Allegheny County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the property's market value and then applies an assessment ratio. The resulting figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Finleyville can expect a range of property tax bills. For instance, the tax bill at the 25th percentile is $2,388, while at the 75th percentile, it rises to $4,958. At the 90th percentile, homeowners might see bills as high as $8,004. The median home price in Finleyville is $111,250, which helps put these figures into perspective. Compared to the national median property tax rate of 0.99%, Finleyville's property tax rates can significantly impact homeowners, influencing their financial planning and housing affordability.
Average Finleyville Tax Bill
$3,237
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | $1,834 | $2,388 | $3,237 | $4,958 | $8,004 |
Source: Ownwell