Sharpsburg, Pennsylvania Property Taxes
The median property tax rate in Sharpsburg, PA is 2.99%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $70,700 in Sharpsburg, the typical annual property tax bill comes to $2,112, which is below the national median of $2,690. Property taxes in Sharpsburg are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sharpsburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sharpsburg 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
Sharpsburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.99%
Estimate Property Tax Bill
$2,114
Ownwell’s Sharpsburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sharpsburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sharpsburg 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 Sharpsburg, Pennsylvania
Property taxes in Sharpsburg, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sharpsburg is 2.99%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sharpsburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sharpsburg 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 Sharpsburg's effective property tax rate to other counties in the national median. For comparison, the 15215 zip code has the highest median property tax rate of 2.99%, while the same 15215 zip code also has the lowest median tax rate of 2.99%. Understanding how these cities compare with Sharpsburg 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 Sharpsburg Tax Rate
2.99%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sharpsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15215 | 2.24% | 2.69% | 2.99% | 3.49% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Sharpsburg, Pennsylvania
In Sharpsburg, 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 Sharpsburg, 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 Sharpsburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,112, found in the 15215 zip code.
Property Tax Assessment Values Across Sharpsburg, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Sharpsburg Assessed Value
$70,700
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 Sharpsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15215 | $34,300 | $46,300 | $70,700 | $194,050 | $268,600 |
Source: Ownwell
Property Tax Bills Across Sharpsburg, Pennsylvania
In Sharpsburg, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Sharpsburg is approximately $70,700, which serves as a key factor in calculating property taxes. Homeowners in Sharpsburg face varying tax bills depending on their property's assessed value. The tax bill at the 25th percentile is around $1,316, while at the 75th percentile, it rises to approximately $5,747. For those at the 90th percentile, the tax bill can reach up to $8,030. The highest median tax bill in the area, recorded in the 15215 zip code, is $2,112. These property taxes significantly impact homeowners, influencing their overall cost of living and financial planning. Compared to the national median property tax rate of 0.99%, Sharpsburg's rates reflect the local economic conditions and public service funding needs.
Average Sharpsburg Tax Bill
$2,112
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sharpsburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15215 | $943 | $1,316 | $2,112 | $5,747 | $8,030 |
Source: Ownwell