Presto, Pennsylvania Property Taxes
The median property tax rate in Presto, PA is 5.30%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $90,200 in Presto, the typical annual property tax bill reaches $4,777, far exceeding the national median of $2,690. Property taxes in Presto are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Presto'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 Presto 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
Presto, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.3%
Estimate Property Tax Bill
$4,781
Ownwell’s Presto Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Presto with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Presto 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 Presto, Pennsylvania
Property taxes in Presto, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Presto is 5.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Presto set these rates annually, and they can vary significantly across different neighborhoods. Each year, Presto 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 Presto's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15142 has the highest median property tax rate of 5.30%, while the same zip code also has the lowest median tax rate of 5.30%. Understanding how these areas compare with Presto 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 Presto Tax Rate
5.30%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Presto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15142 | 5.30% | 5.30% | 5.30% | 5.30% | 5.30% |
Source: Ownwell
Property Tax Assessment Values Across Presto, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Presto, 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. In Presto, 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 Presto helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 15142, both at $4,777.
Average Presto Assessed Value
$90,200
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 Presto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15142 | $90,200 | $90,200 | $90,200 | $90,200 | $90,200 |
Source: Ownwell
Property Tax Bills Across Presto, Pennsylvania
In Presto, Beaver County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by local government assessors and reflects a percentage of the property's market value. Homeowners in Presto face a median property tax rate that is significantly higher than the national median of 0.99%. For instance, the median home price in Presto is $90,200, and the median tax bill is $4,777. This tax bill remains consistent across various percentiles, indicating a uniform tax rate application. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. These factors collectively determine the amount homeowners need to pay annually. The relatively high property tax burden in Presto can impact homeowners by increasing their overall housing costs, potentially affecting affordability and financial planning. Understanding these components is crucial for homeowners to manage their expenses effectively.
Average Presto Tax Bill
$4,777
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Presto, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15142 | $4,777 | $4,777 | $4,777 | $4,777 | $4,777 |
Source: Ownwell