Beaver Falls, Pennsylvania Property Taxes
The median property tax rate in Beaver Falls, PA is 5.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Beaver Falls at $44,600, the typical annual property tax bill reaches $2,548, which is just below the national median of $2,690. Property taxes in Beaver Falls 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 Beaver Falls' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Beaver Falls 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
Beaver Falls, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.65%
Estimate Property Tax Bill
$2,520
Ownwell’s Beaver Falls Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Beaver Falls with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Beaver Falls 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 Beaver Falls, Pennsylvania
Property taxes in Beaver Falls, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Beaver Falls is 5.65%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Beaver Falls set these rates annually, and they can vary significantly across different neighborhoods. Each year, Beaver Falls 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 Beaver Falls' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15010 has both the highest and lowest median property tax rate of 5.65%. Understanding how these cities compare with Beaver Falls provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Beaver Falls Tax Rate
5.65%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Beaver Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | 5.38% | 5.55% | 5.65% | 6.30% | 6.30% |
Source: Ownwell
Property Tax Assessment Values Across Beaver Falls, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Beaver Falls, PA. 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 Beaver 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. Assessment notices in Beaver Falls 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. For instance, the median home price in Beaver Falls is $44,600, with property tax bills ranging from $1,840 at the 25th percentile to $4,908 at the 90th percentile. The zip code 15010 has both the highest and lowest median tax bills at $2,548. By understanding 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Beaver Falls Assessed Value
$44,600
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Beaver Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | $21,300 | $30,800 | $44,600 | $62,600 | $87,400 |
Source: Ownwell
Property Tax Bills Across Beaver Falls, Pennsylvania
In Beaver Falls, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property's market value. This value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $44,600, homeowners can expect varying tax bills depending on their property's assessed value and the specific rates applied. Factors such as property size, location, and condition can influence the assessed value. In Beaver Falls, the tax bill at the 25th percentile is $1,840, while at the 75th percentile, it reaches $3,520. At the 90th percentile, homeowners might face tax bills as high as $4,908. Comparatively, the national median property tax rate is 0.99%, which highlights the importance of understanding local tax rates and assessments. These property taxes significantly impact homeowners, affecting their annual budgeting and overall financial planning.
Average Beaver Falls Tax Bill
$2,548
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Beaver Falls, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | $1,285 | $1,840 | $2,548 | $3,520 | $4,908 |
Source: Ownwell