Star Junction, Pennsylvania Property Taxes
The median property tax rate in Star Junction, PA is 0.90%, 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 Star Junction, the typical annual property tax bill amounts to $281, significantly below the national median of $2,690. Property taxes in Star Junction are calculated based on the tax assessed value, often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Star Junction'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 Star Junction or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Star Junction, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.9%
Estimate Property Tax Bill
$280
Ownwell’s STAR JUNCTION Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in STAR JUNCTION with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in STAR JUNCTION 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 Star Junction, Pennsylvania
Property taxes in Star Junction, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Star Junction is 1.29%, higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Star Junction set these rates annually, and they can vary significantly across different neighborhoods. Each year, Star Junction 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 Star Junction's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15482 zip code has the highest median property tax rate of 1.29%, while the 15482 zip code has the lowest median tax rate of 1.29%. Understanding how these cities compare with Star Junction 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 Star Junction Tax Rate
0.90%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Star Junction, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15482 | 0.83% | 0.86% | 0.90% | 0.92% | 0.94% |
Source: Ownwell
Property Tax Assessment Values Across Star Junction, Pennsylvania
In Star Junction, 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 Star Junction, 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. For example, in Star Junction, the median home price is $31,070, with tax bills ranging from $243 at the 25th percentile to $496 at the 90th percentile. 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 Star Junction helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Star Junction, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Star Junction Assessed Value
$31,070
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 Star Junction, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15482 | $21,721 | $26,370 | $31,070 | $45,658 | $59,084 |
Source: Ownwell
Property Tax Bills Across Star Junction, Pennsylvania
In Star Junction, located in Fayette County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $31,070. Local tax authorities determine the assessed value, which is then multiplied by the local property tax rate to calculate the annual tax bill. This rate can vary, but it is essential to note that the national median property tax rate is 0.99%. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. Homeowners in Star Junction can expect their property tax bills to fall within a range, with the 25th percentile at $243 and the 75th percentile at $390. The 90th percentile tax bill reaches up to $496, indicating that most homeowners will pay between these amounts. Understanding how property taxes are calculated helps homeowners anticipate their annual expenses and budget accordingly. High property taxes can significantly impact a homeowner’s financial planning, making it crucial to stay informed about local tax rates and assessed values.
Average Star Junction Tax Bill
$281
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Star Junction, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15482 | $206 | $243 | $281 | $390 | $496 |
Source: Ownwell