Belle Vernon, Pennsylvania Property Taxes
The median property tax rate in Belle Vernon, PA is 2.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Belle Vernon, the typical annual property tax bill reaches $3,292, exceeding the national median of $2,690. Property taxes in Belle Vernon 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 Belle Vernon'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 Belle Vernon 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
Belle Vernon, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.79%
Estimate Property Tax Bill
$3,222
Ownwell’s Belle Vernon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Belle Vernon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Belle Vernon 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 Belle Vernon, Pennsylvania
Property taxes in Belle Vernon, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Belle Vernon is 2.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Belle Vernon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Belle Vernon 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 Belle Vernon's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15012 has the highest median property tax rate of 2.79%, while the same zip code also has the lowest median tax rate of 2.79%. Understanding how these cities compare with Belle Vernon 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 Belle Vernon Tax Rate
2.79%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Belle Vernon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | 2.62% | 2.72% | 2.79% | 2.94% | 3.16% |
Source: Ownwell
Property Tax Assessment Values Across Belle Vernon, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Belle Vernon, 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 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 Belle Vernon, 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 Belle Vernon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,292 in zip code 15012, while the lowest median tax bill is also $3,292 in the same zip code.
Property Tax Assessment Values Across Belle Vernon, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Belle Vernon Assessed Value
$115,500
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 Belle Vernon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | $89,780 | $104,000 | $115,500 | $120,225 | $122,250 |
Source: Ownwell
Property Tax Bills Across Belle Vernon, Pennsylvania
In Belle Vernon, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor, who evaluates the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $115,500, homeowners in Belle Vernon can expect their property tax bill to vary. The tax bill for the 25th percentile is around $2,838, while those in the 75th percentile pay approximately $3,597. At the 90th percentile, the tax bill can reach up to $3,797. These figures indicate that Belle Vernon's property tax rates are significantly higher than the national median property tax rate of 0.99%. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Understanding these factors is crucial for homeowners when budgeting for annual expenses.
Average Belle Vernon Tax Bill
$3,292
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Belle Vernon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15012 | $2,369 | $2,838 | $3,292 | $3,597 | $3,797 |
Source: Ownwell