Mt Washington, Pennsylvania Property Taxes
The median property tax rate in Mt. Washington, 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 Mt. Washington at $59,800, the typical annual property tax bill reaches $1,204, exceeding the national median of $2,690. Property taxes in Mt. Washington 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 Mt. Washington'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 Mt. Washington 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
Mt Washington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$1,375
Ownwell’s MT WASHINGTON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT WASHINGTON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT WASHINGTON 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 Mt Washington, Pennsylvania
Property taxes in Mt. Washington, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mt. Washington is 2.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mt. Washington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mt. Washington 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 Mt. Washington's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15211 zip code has the highest median property tax rate of 2.30%, while the 15211 zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Mt. Washington 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 Mt Washington 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 Mt Washington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15211 | 1.45% | 1.63% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Mt Washington, Pennsylvania
In MT Washington, 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 MT Washington, 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 MT Washington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15211 has both the highest and lowest median tax bill at $1,204, reflecting a uniformity in tax burdens across the area.
Property Tax Assessment Values Across Mt Washington, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Mt Washington Assessed Value
$59,800
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 Mt Washington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15211 | $44,090 | $50,075 | $59,800 | $72,675 | $94,690 |
Source: Ownwell
Property Tax Bills Across Mt Washington, Pennsylvania
In Mt. Washington, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $59,800. Tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the tax bill. Homeowners in Mt. Washington can expect a median tax bill of $1,204, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including property size, location, and any improvements made to the home. For instance, tax bills in the 25th percentile are around $894, while those in the 75th percentile can reach up to $1,666, and the 90th percentile can go as high as $2,075. These variations highlight the impact of property characteristics and local tax policies on the overall tax burden. Understanding these factors is crucial for homeowners, as higher property taxes can affect affordability and long-term financial planning.
Average Mt Washington Tax Bill
$1,204
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Washington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15211 | $696 | $894 | $1,204 | $1,666 | $2,075 |
Source: Ownwell