Leetsdale, Pennsylvania Property Taxes
The median property tax rate in Leetsdale, PA is 3.14%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Leetsdale at $73,800, the typical annual property tax bill reaches $2,347, just below the national median of $2,690. Property taxes in Leetsdale 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 Leetsdale'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 Leetsdale 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
Leetsdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.14%
Estimate Property Tax Bill
$2,317
Ownwell’s Leetsdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leetsdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leetsdale 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 Leetsdale, Pennsylvania
Property taxes in Leetsdale, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leetsdale is 3.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Leetsdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leetsdale 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 Leetsdale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15056 zip code has the highest median property tax rate of 3.14%, while the same zip code also has the lowest median tax rate of 3.14%. Understanding how these cities compare with Leetsdale 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 Leetsdale Tax Rate
3.14%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leetsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15056 | 2.48% | 2.66% | 3.14% | 3.38% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across Leetsdale, Pennsylvania
In Leetsdale, 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 Leetsdale, 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 Leetsdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2,347, found in zip code 15056.
Average Leetsdale Assessed Value
$73,800
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 Leetsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15056 | $40,000 | $64,950 | $73,800 | $107,900 | $175,860 |
Source: Ownwell
Property Tax Bills Across Leetsdale, Pennsylvania
In Leetsdale, Allegheny County, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by local assessors and can differ significantly from the market value. Once the assessed value is established, it is multiplied by the local property tax rate to determine the tax bill. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Leetsdale can expect their property tax bills to vary widely. For instance, the 25th percentile tax bill is around $1,727, while the 75th percentile tax bill reaches up to $3,226. Those in the 90th percentile face even higher bills, up to $5,624. Compared to the national median property tax rate of 0.99%, property taxes in Leetsdale can be relatively high, impacting homeowners' annual expenses significantly. This variability in tax bills underscores the importance of understanding local property assessments and tax rates.
Average Leetsdale Tax Bill
$2,347
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Leetsdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15056 | $1,174 | $1,727 | $2,347 | $3,226 | $5,624 |
Source: Ownwell