Confluence, Pennsylvania Property Taxes
The median property tax rate in Confluence, PA is 0.78%, considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Confluence, the typical annual property tax bill reaches $334, significantly below the national median of $2,690. Property taxes in Confluence 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 Confluence'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 Confluence 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
Confluence, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$368
Ownwell’s Confluence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Confluence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Confluence 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 Confluence, Pennsylvania
Property taxes in Confluence, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Confluence is 0.78%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Confluence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Confluence 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 Confluence's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15424 has the highest median property tax rate of 0.78%, while the same zip code also has the lowest median tax rate of 0.78%. Understanding how these areas compare with Confluence 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 Confluence Tax Rate
0.78%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Confluence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15424 | 0.68% | 0.78% | 0.78% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Confluence, Pennsylvania
In Confluence, 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 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 Confluence, 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 Confluence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Confluence, the highest median tax bill is $334 in the 15424 zip code, while the lowest median tax bill is also $334 in the same zip code.
Property Tax Assessment Values Across Confluence, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Confluence Assessed Value
$47,200
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 Confluence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15424 | $9,480 | $23,180 | $47,200 | $83,245 | $132,930 |
Source: Ownwell
Property Tax Bills Across Confluence, Pennsylvania
In Confluence, Fayette County, PA, property tax bills are determined based on the assessed value of a home, which is a percentage of its market value. The local tax rate is then applied to this assessed value to calculate the annual tax bill. For example, with a median home price of $47,200, homeowners can expect tax bills that vary significantly. The 25th percentile of tax bills is around $151, while at the 75th percentile, it increases to approximately $591, and at the 90th percentile, it can reach up to $921. Factors influencing these amounts include the specific assessed value of the property and any applicable exemptions or deductions. Homeowners in Confluence should be aware that their tax bills can have a substantial impact on their overall housing costs. Comparing this to the national median property tax rate of 0.99%, Confluence's property tax rates can be considered relatively moderate, offering some financial relief to homeowners in the area.
Average Confluence Tax Bill
$334
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Confluence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15424 | $60 | $151 | $334 | $591 | $921 |
Source: Ownwell