Mount Oliver, Pennsylvania Property Taxes
The median property tax rate in Mount Oliver, PA is 2.85%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mount Oliver at $34,550, the typical annual property tax bill reaches $829, which is below the national median of $2,690. Property taxes in Mount Oliver are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mount Oliver'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 Mount Oliver or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mount Oliver, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.85%
Estimate Property Tax Bill
$985
Ownwell’s MOUNT OLIVER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT OLIVER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT OLIVER 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 Mount Oliver, Pennsylvania
Property taxes in Mount Oliver, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Oliver is 2.85%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Oliver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Oliver 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 Mount Oliver's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15210 zip code has the highest median property tax rate of 2.85%, while the same zip code also has the lowest median tax rate of 2.85%. Understanding how these areas compare with Mount Oliver 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 Mount Oliver Tax Rate
2.85%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Oliver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15210 | 1.30% | 1.88% | 2.85% | 2.85% | 2.85% |
Source: Ownwell
Property Tax Assessment Values Across Mount Oliver, Pennsylvania
In Mount Oliver, 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 Mount Oliver, 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 Mount Oliver 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 $829, found in the 15210 zip code.
Property Tax Assessment Values Across Mount Oliver, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Mount Oliver Assessed Value
$34,550
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 Mount Oliver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15210 | $20,000 | $27,075 | $34,550 | $46,600 | $62,460 |
Source: Ownwell
Property Tax Bills Across Mount Oliver, Pennsylvania
In Mount Oliver, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the county assessor and reflects the market value of the property. Homeowners in this area can expect their property tax bills to be influenced by several factors, including the assessed value of their home and the local tax rate. The median home price in Mount Oliver is $34,550, with property tax bills ranging from $595 at the 25th percentile to $1,489 at the 90th percentile. The highest median tax bill in the area is $829, which is consistent across zip code 15210. Compared to the national median property tax rate of 0.99%, the tax rate in Mount Oliver can significantly impact homeowners, making property taxes a crucial consideration for both current residents and potential buyers. Understanding these factors helps homeowners budget effectively and anticipate their annual tax obligations.
Average Mount Oliver Tax Bill
$829
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Oliver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15210 | $350 | $595 | $829 | $1,099 | $1,489 |
Source: Ownwell