Isabella, Pennsylvania Property Taxes
The median property tax rate in Isabella, PA is 0.91%, which is lower than both the national median of 0.99% and Pennsylvania’s state median of 2.81%. With a median home value of $23,850 in Isabella, the typical annual property tax bill amounts to $216, significantly below the national median of $2,690. Property taxes in Isabella are based on the tax assessed value, which is generally lower than the market value due to exemptions such as those for primary residences and agricultural properties. Gaining a thorough understanding of Isabella'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 Isabella or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Isabella, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.91%
Estimate Property Tax Bill
$217
Ownwell’s Isabella Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Isabella with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Isabella to provide an estimated property tax bill. This valuable tool offers a clear understanding of potential tax obligations. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Isabella, Pennsylvania
Property taxes in Isabella, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Isabella is 0.91%, slightly below the U.S. national median of 0.99%. Local government entities within Isabella set these rates annually, and they can vary significantly across different neighborhoods. Each year, Isabella 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. Understanding how Isabella's effective property tax rate compares with other areas in Fayette County and the national median provides valuable insights into the varying tax landscape across the region, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Isabella Tax Rate
0.91%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Isabella, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15447 | 0.91% | 0.91% | 0.91% | 0.91% | 0.91% |
Source: Ownwell
Property Tax Assessment Values Across Isabella, Pennsylvania
In Isabella, 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 Isabella, 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. For instance, the median home price in Isabella is $23,850, with tax bills ranging from $182 at the 25th percentile to $297 at the 90th percentile. The zip code 15447 has both the highest and lowest median tax bill at $216. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Isabella Assessed Value
$23,850
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 Isabella, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15447 | $11,980 | $20,050 | $23,850 | $28,610 | $32,762 |
Source: Ownwell
Property Tax Bills Across Isabella, Pennsylvania
In Isabella, Fayette County, PA, property tax bills are determined by assessing the value of a homeowner's property and applying the local tax rate. The median home price in Isabella is $23,850, and the property tax rate is applied to this assessed value to calculate the annual tax bill. Factors such as property location, improvements, and market conditions influence the assessed value. For instance, the tax bill at the 25th percentile is $182, while at the 75th percentile, it is $260, and at the 90th percentile, it reaches $297. These figures illustrate the range of tax burdens homeowners might face based on their property values and specific circumstances. Compared to the national median property tax rate of 0.99%, Isabella's tax rates reflect a localized approach to property taxation. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly, ensuring they can manage their property tax responsibilities effectively.
Average Isabella Tax Bill
$216
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Isabella, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15447 | $109 | $182 | $216 | $260 | $297 |
Source: Ownwell