Perryopolis, Pennsylvania Property Taxes
The median property tax rate in Perryopolis, PA is 0.89%, which is lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $69,620 in Perryopolis, the typical annual property tax bill amounts to $924, significantly less than the national median of $2,690. Property taxes in Perryopolis are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Perryopolis'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 Perryopolis 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
Perryopolis, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$620
Ownwell’s Perryopolis Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Perryopolis with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Perryopolis 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 Perryopolis, Pennsylvania
Property taxes in Perryopolis, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Perryopolis is 0.89%, which is lower than the U.S. national median of 0.99%. Local government entities within Perryopolis set these rates annually, and they can vary significantly across different neighborhoods. Each year, Perryopolis 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 Perryopolis's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15473 has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these cities compare with Perryopolis 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 Perryopolis Tax Rate
0.89%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Perryopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15473 | 0.79% | 0.81% | 0.89% | 3.25% | 3.25% |
Source: Ownwell
Property Tax Assessment Values Across Perryopolis, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Perryopolis, 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 Perryopolis, 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 Perryopolis helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price here is $69,620, with the 25th percentile tax bill at $409 and the 75th percentile at $2,083. Notably, the zip code 15473 has the highest and lowest median tax bill at $924.
Property Tax Assessment Values Across Perryopolis, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Perryopolis Assessed Value
$69,620
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 Perryopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15473 | $16,383 | $43,502 | $69,620 | $104,302 | $145,303 |
Source: Ownwell
Property Tax Bills Across Perryopolis, Pennsylvania
In Perryopolis, located in Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For context, the national median property tax rate is 0.99%. Several factors influence the assessed value, including the property's market value, any improvements or renovations, and comparable property sales in the area. Homeowners in Perryopolis can expect a wide range of tax bills. At the 25th percentile, the tax bill is $409, while at the 75th percentile, it reaches $2083, and at the 90th percentile, it climbs to $3256. The median home price in Perryopolis is $69,620, and the highest and lowest median tax bills in the area are both $924, specifically in the 15473 zip code. These property taxes directly impact homeowners by influencing their annual housing costs and overall financial planning.
Average Perryopolis Tax Bill
$924
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Perryopolis, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15473 | $165 | $409 | $924 | $2,083 | $3,256 |
Source: Ownwell