Allison Park, Pennsylvania Property Taxes
The median property tax rate in Allison Park, PA is 2.66%, which is considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $179,100 in Allison Park, the typical annual property tax bill reaches $4,723, significantly exceeding the national median of $2,690. Property taxes in Allison Park are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Allison 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 Allison 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
Allison Park, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.66%
Estimate Property Tax Bill
$4,764
Ownwell’s Allison Park Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Allison Park with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Allison 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 Allison Park, Pennsylvania
Property taxes in Allison Park, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Allison Park is 2.66%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Allison Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, Allison 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 Allison Park's effective property tax rate to other areas in Allegheny County and the national median. For comparison, the zip code 15101 in Allison Park has the highest median property tax rate of 2.66%, while the same zip code also has the lowest median tax rate of 2.66%. Understanding how these figures compare with Allison Park provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Allison Park Tax Rate
2.66%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Allison Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15101 | 2.34% | 2.46% | 2.66% | 2.77% | 2.86% |
Source: Ownwell
Property Tax Assessment Values Across Allison Park, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Allison Park, Pennsylvania. 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 Allegheny 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 Allison 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. The median home price in Allison Park stands at $179,100, with tax bills ranging from $3,680 at the 25th percentile to $9,510 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. Awareness 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 Allison Park, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Allison Park Assessed Value
$179,100
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Allison Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15101 | $115,400 | $140,200 | $179,100 | $243,750 | $355,400 |
Source: Ownwell
Property Tax Bills Across Allison Park, Pennsylvania
Property tax bills in Allison Park, Allegheny County, PA, are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $179,100, homeowners in this area can expect varying tax bills depending on their property's specific assessed value and the applicable tax rate. Several factors influence the final tax bill, including property location, improvements, and market conditions. Homeowners in the 25th percentile of tax bills pay around $3,680, while those in the 75th percentile face bills closer to $6,348. The top 10% of tax bills can reach up to $9,510. Compared to the national median property tax rate of 0.99%, the property taxes in Allison Park reflect the region's specific valuation and tax policies. This variability significantly affects homeowners, influencing decisions on property purchases and budgeting for annual expenses.
Average Allison Park Tax Bill
$4,723
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Allison Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15101 | $2,953 | $3,680 | $4,723 | $6,348 | $9,510 |
Source: Ownwell