Castle Shannon, Pennsylvania Property Taxes
The median property tax rate in Castle Shannon, PA is 2.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Castle Shannon, the typical annual property tax bill reaches $3,240, exceeding the national median of $2,690. Property taxes in Castle Shannon 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 Castle Shannon'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 Castle Shannon 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
Castle Shannon, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.95%
Estimate Property Tax Bill
$3,245
Ownwell’s Castle Shannon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Castle Shannon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Castle Shannon 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 Castle Shannon, Pennsylvania
Property taxes in Castle Shannon, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Castle Shannon is 2.95%, significantly higher than the U.S. national median of 0.99%. Local government entities within Castle Shannon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Castle Shannon 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 Castle Shannon's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15234 zip code has both the highest and lowest median property tax rate of 2.95%. Understanding how these cities compare with Castle Shannon 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 Castle Shannon Tax Rate
2.95%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Castle Shannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15234 | 2.78% | 2.88% | 2.95% | 3.06% | 3.49% |
Source: Ownwell
Property Tax Assessment Values Across Castle Shannon, Pennsylvania
In Castle Shannon, 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 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 Castle Shannon, 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. The median home price in Castle Shannon is $110,000, with the highest and lowest median tax bills both being $3,240 in zip code 15234. 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 Castle Shannon, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Castle Shannon Assessed Value
$110,000
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 Castle Shannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15234 | $84,260 | $96,100 | $110,000 | $120,500 | $131,180 |
Source: Ownwell
Property Tax Bills Across Castle Shannon, Pennsylvania
In Castle Shannon, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects the property's market value. Homeowners in Castle Shannon can expect their property tax bills to vary significantly depending on their home's value. For instance, the tax bill at the 25th percentile is $2,776, while at the 75th percentile, it rises to $3,763, and at the 90th percentile, it reaches $4,208. The median home price in Castle Shannon is $110,000, which influences the overall tax burden. Comparatively, the highest and lowest median tax bills both stand at $3,240 in the 15234 zip code, indicating a consistent tax rate across the area. These property tax rates can have a substantial impact on homeowners, affecting monthly mortgage payments and overall affordability. Given that the national median property tax rate is 0.99%, Castle Shannon's tax rates can be seen as relatively high, emphasizing the importance for homeowners to understand their tax obligations.
Average Castle Shannon Tax Bill
$3,240
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Castle Shannon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15234 | $2,430 | $2,776 | $3,240 | $3,763 | $4,208 |
Source: Ownwell