Murrysville, Pennsylvania Property Taxes
The median property tax rate in Murrysville, PA is 2.92%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Murrysville at $227,500, the typical annual property tax bill reaches $6,657, far exceeding the national median of $2,690. Property taxes in Murrysville 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 Murrysville'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 Murrysville 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
Murrysville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.92%
Estimate Property Tax Bill
$6,643
Ownwell’s Murrysville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Murrysville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Murrysville 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 Murrysville, Pennsylvania
Property taxes in Murrysville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Murrysville is 2.92%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Murrysville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Murrysville 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 Murrysville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15668 has the highest median property tax rate of 2.92%, while the lowest median tax rate is also found in zip code 15668 at 2.92%. Understanding how these areas compare with Murrysville 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 Murrysville Tax Rate
2.92%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Murrysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15668 | 2.78% | 2.85% | 2.92% | 2.94% | 2.95% |
Source: Ownwell
Property Tax Assessment Values Across Murrysville, Pennsylvania
In Murrysville, 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 Murrysville, 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. The median home price here is $227,500, with tax bills ranging significantly. For instance, the 25th percentile tax bill is $5,003, while the 75th percentile reaches up to $7,556. Interestingly, the zip code 15668 has both the highest and lowest median tax bill at $6,657. 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 Murrysville, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Murrysville Assessed Value
$227,500
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 Murrysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15668 | $140,300 | $176,650 | $227,500 | $257,600 | $269,200 |
Source: Ownwell
Property Tax Bills Across Murrysville, Pennsylvania
In Murrysville, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The city's median home price is $227,500, and the tax rate is applied to this assessed value to determine the annual tax bill. Homeowners in Murrysville can expect tax bills ranging from $5,003 at the 25th percentile to $7,556 at the 75th percentile, with the 90th percentile reaching up to $7,921. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Murrysville homeowners face relatively higher tax bills. This can significantly impact homeowners by increasing their annual housing costs, making it essential for them to understand how these taxes are calculated and what options they may have for reducing their tax burden.
Average Murrysville Tax Bill
$6,657
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Murrysville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15668 | $4,169 | $5,003 | $6,657 | $7,556 | $7,921 |
Source: Ownwell