South Park, Pennsylvania Property Taxes
The median property tax rate in South Park, PA is 1.88%, 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 South Park at $128,700, the typical annual property tax bill reaches $2,418, which is below the national median of $2,690. Property taxes in South Park 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 South Park'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 South Park 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
South Park, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,420
Ownwell’s South Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in South Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in South Park 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 South Park, Pennsylvania
Property taxes in South Park, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Park is 1.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within South Park set these rates annually, and they can vary across different neighborhoods. Each year, South Park 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 South Park's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15129 zip code has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with South Park provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average South Park Tax Rate
1.88%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across South Park, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in South Park, Pennsylvania. The market value represents 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 Washington County Appraisal District 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 South Park, 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 example, the zip code 15129 has the highest median tax bill at $2,418, while the lowest median tax bill is also in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across South Park, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average South Park Assessed Value
$128,700
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | $59,580 | $78,000 | $128,700 | $145,900 | $219,540 |
Source: Ownwell
Property Tax Bills Across South Park, Pennsylvania
In South Park, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the property tax rate to determine the tax bill. South Park, located in Washington County, PA, has a median home price of $128,700. Homeowners in this city can expect their property tax bills to vary significantly, with the 25th percentile at $1,465 and the 75th percentile at $2,741. The top 10% of tax bills can reach up to $4,196. The highest and lowest median tax bills in the area are both $2,418, found in the 15129 zip code. Compared to the national median property tax rate of 0.99%, South Park's property taxes can be a significant expense for homeowners. These taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average South Park Tax Bill
$2,418
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | $1,119 | $1,465 | $2,418 | $2,741 | $4,196 |
Source: Ownwell