Shadyside, Pennsylvania Property Taxes
The median property tax rate in Shadyside, PA is 2.30%, significantly higher than the national median of 0.99% yet lower than the Pennsylvania state median of 2.81%. With a median home value of $221,500 in Shadyside, the typical annual property tax bill amounts to $5,103, surpassing the national median of $2,690. Property taxes in Shadyside are calculated based on the tax assessed value, which is often less than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Shadyside'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 Shadyside or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Shadyside, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$5,095
Ownwell’s Shadyside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Shadyside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Shadyside 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 Allegheny County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Shadyside, Pennsylvania
Property taxes in Shadyside, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Shadyside is 2.30%, significantly higher than the U.S. national median of 0.99%. Local government entities within Shadyside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Shadyside 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 Shadyside's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15232 zip code has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Shadyside 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 Shadyside 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 Shadyside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15232 | 2.06% | 2.19% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Shadyside, Pennsylvania
In Shadyside, 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 Shadyside, 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 Shadyside helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Shadyside is $221,500, with the highest and lowest median tax bills both recorded at $5,103 in the 15232 zip code.
Average Shadyside Assessed Value
$221,500
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 Shadyside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15232 | $130,400 | $163,750 | $221,500 | $309,975 | $364,900 |
Source: Ownwell
Property Tax Bills Across Shadyside, Pennsylvania
Property tax bills in Shadyside, 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 assessor's office and is a percentage of the property's market value. For instance, with a median home price of $221,500, the assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as property size, location, and any improvements made can influence the assessed value. In Shadyside, the tax bill can vary significantly; the 25th percentile tax bill is $3,606, while the 75th percentile reaches $6,930, and the 90th percentile can be as high as $8,200. Homeowners in Shadyside pay a median tax bill of $5,103, which is considerably higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners' monthly budgets and overall financial planning, making it crucial for them to understand how their tax bills are calculated and what factors influence them.
Average Shadyside Tax Bill
$5,103
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Shadyside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15232 | $2,912 | $3,606 | $5,103 | $6,930 | $8,200 |
Source: Ownwell