Leisenring, Pennsylvania Property Taxes
The median property tax rate in Leisenring, PA, is 2.16%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Leisenring at $32,250, the typical annual property tax bill reaches $696, which is significantly below the national median of $2,690. Property taxes in Leisenring 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 Leisenring'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 Leisenring 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
Leisenring, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$697
Ownwell’s Leisenring Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leisenring with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leisenring 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 Leisenring, Pennsylvania
Property taxes in Leisenring, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leisenring is 2.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Leisenring set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leisenring 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 Leisenring's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15455 has the highest median property tax rate of 2.16%, while the same zip code also has the lowest median tax rate of 2.16%. Understanding how these cities compare with Leisenring 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 Leisenring Tax Rate
2.16%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leisenring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15455 | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Leisenring, Pennsylvania
In Leisenring, 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 Leisenring, 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 Leisenring helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Leisenring are both $696.00, found in the 15455 zip code.
Property Tax Assessment Values Across Leisenring, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Leisenring Assessed Value
$32,250
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 Leisenring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15455 | $15,412 | $20,100 | $32,250 | $40,280 | $54,642 |
Source: Ownwell
Property Tax Bills Across Leisenring, Pennsylvania
In Leisenring, 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 property tax rate to calculate the annual tax bill. For instance, with a median home price of $32,250, tax bills can vary significantly. Homeowners in the 25th percentile typically pay around $434, while those in the 75th percentile see bills closer to $870. At the higher end, the 90th percentile tax bill reaches approximately $1,180. These tax bills directly impact homeowners' financial planning, as higher property taxes can increase the overall cost of owning a home. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Leisenring to understand how their local rates compare. By staying informed about how property taxes are calculated and the factors involved, homeowners can better anticipate their annual expenses and plan accordingly.
Average Leisenring Tax Bill
$696
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Leisenring, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15455 | $333 | $434 | $696 | $870 | $1,180 |
Source: Ownwell