Millvale, Pennsylvania Property Taxes
The median property tax rate in Millvale, PA is 2.88%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Millvale at $58,300, the typical annual property tax bill reaches $1,839, exceeding the national median of $2,690. Property taxes in Millvale 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 Millvale'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 Millvale 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
Millvale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$1,679
Ownwell’s Millvale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Millvale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Millvale 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 Millvale, Pennsylvania
Property taxes in Millvale, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Millvale is 2.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Millvale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Millvale 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 Millvale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15209 zip code has the highest median property tax rate of 2.88%, while the same 15209 zip code also has the lowest median tax rate of 2.88%. Understanding how these cities compare with Millvale 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 Millvale Tax Rate
2.88%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Millvale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15209 | 2.01% | 2.62% | 2.88% | 3.78% | 3.78% |
Source: Ownwell
Property Tax Assessment Values Across Millvale, Pennsylvania
In Millvale, PA, 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 Millvale, 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 Millvale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15209 has the highest median tax bill, estimated at $1839, which is essential information for homeowners.
Average Millvale Assessed Value
$58,300
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 Millvale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15209 | $24,030 | $35,275 | $58,300 | $103,100 | $148,180 |
Source: Ownwell
Property Tax Bills Across Millvale, Pennsylvania
In Millvale, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. The median home price in Millvale is $58,300. Homeowners can expect property tax bills to vary significantly, with the 25th percentile tax bill at $1,011 and the 75th percentile tax bill at $2,836. For those at the higher end, the 90th percentile tax bill reaches $4,218. Several factors influence the property tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. The tax rate in Millvale is reflective of the broader rates in Allegheny County, which can be compared to the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services. Homeowners in Millvale thus directly contribute to the community's well-being through their property tax payments.
Average Millvale Tax Bill
$1,839
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Millvale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15209 | $702 | $1,011 | $1,839 | $2,836 | $4,218 |
Source: Ownwell