Penn Hills, Pennsylvania Property Taxes
The median property tax rate in Penn Hills, PA is 1.12%, slightly above the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $71,300 in Penn Hills, the typical annual property tax bill is around $680, which is considerably less than the national median of $2,690. Property taxes in Penn Hills are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Penn Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Penn Hills or another part of Allegheny County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Penn Hills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.12%
Estimate Property Tax Bill
$799
Ownwell’s PENN HILLS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in PENN HILLS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in PENN HILLS 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 Penn Hills, Pennsylvania
Property taxes in Penn Hills, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Penn Hills is 1.12%, significantly higher than the U.S. national median of 0.99%. Local government entities within Penn Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Penn Hills 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. Understanding how these cities compare with Penn Hills 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 Penn Hills Tax Rate
1.12%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Penn Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15235 | 0.77% | 0.83% | 1.12% | 1.12% | 3.54% |
Source: Ownwell
Property Tax Assessment Values Across Penn Hills, Pennsylvania
In Penn Hills, 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 Penn Hills, 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 Penn Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 15235 has the highest median tax bill of $680, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Penn Hills, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Penn Hills Assessed Value
$71,300
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 Penn Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15235 | $45,060 | $58,500 | $71,300 | $96,450 | $159,800 |
Source: Ownwell
Property Tax Bills Across Penn Hills, Pennsylvania
In Penn Hills, property tax bills are calculated based on the assessed value of a home, which is determined by the Allegheny County's property assessment office. The median home price in this area stands at $71,300. Homeowners in Penn Hills can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $517 and the 75th percentile reaching $981. For those at the higher end, the 90th percentile tax bill can soar up to $5,674, illustrating the wide range in property tax obligations within the community. Several factors influence these tax bills, including the assessed value of the home, local tax rates, and any applicable exemptions or deductions. The highest median tax bill recorded in the 15235 zip code is $680, which aligns with the lowest median tax bill in the same area, suggesting a level of consistency in tax assessments. Compared to the national median property tax rate of 0.99%, Penn Hills homeowners face a unique landscape that can significantly impact their financial planning and homeownership costs.
Average Penn Hills Tax Bill
$680
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Penn Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15235 | $388 | $517 | $680 | $981 | $5,674 |
Source: Ownwell