Allison, Pennsylvania Property Taxes
The median property tax rate in Allison, PA is 0.88%, which is lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Allison, the typical annual property tax bill is $240, significantly below the national median of $2,690. Property taxes in Allison are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Allison'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 Allison 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
Allison, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.88%
Estimate Property Tax Bill
$226
Ownwell’s Allison Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allison with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allison 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 Allison, Pennsylvania
Property taxes in Allison, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Allison is 0.88%, slightly below the U.S. national median of 0.99%. Local government entities within Allison set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allison 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 Allison's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Fayette County is 0.88% in the 15413 zip code, while the lowest median tax rate is also 0.88% in the same zip code. Understanding how these cities compare with Allison provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allison Tax Rate
0.88%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allison, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15413 | 0.81% | 0.83% | 0.88% | 1.03% | 1.10% |
Source: Ownwell
Property Tax Assessment Values Across Allison, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Allison, 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 Fayette 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 Allison, 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 Allison helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Allison are both $240, found in the 15413 zip code.
Average Allison Assessed Value
$25,650
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allison, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15413 | $10,496 | $19,695 | $25,650 | $34,748 | $47,531 |
Source: Ownwell
Property Tax Bills Across Allison, Pennsylvania
In Allison, located in Fayette County, PA, property tax bills are calculated based on the assessed value of a home. The local tax authorities determine the assessed value, which is then multiplied by the local tax rate to calculate the annual property tax bill. For instance, with a median home price of $25,650, homeowners can expect varying tax bills. The 25th percentile tax bill is $169, while the 75th percentile tax bill is $328, and the 90th percentile tax bill reaches $462. These figures show a range depending on specific property assessments and applicable exemptions. Compared to the national median property tax rate of 0.99%, Allison's property taxes are relatively low, making it an attractive location for homeowners looking to minimize their annual expenses. The highest and lowest median tax bills in the area both stand at $240, indicating a consistent tax environment. Understanding these factors helps homeowners in Allison anticipate their financial responsibilities and plan accordingly.
Average Allison Tax Bill
$240
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Allison, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15413 | $91 | $169 | $240 | $328 | $462 |
Source: Ownwell