Mt Lebanon, Pennsylvania Property Taxes
The median property tax rate in Mt Lebanon, PA is 3.36%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $262,500 in Mt Lebanon, the typical annual property tax bill reaches $9,134, far exceeding the national median of $2,690. Property taxes in Mt Lebanon are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Mt Lebanon'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 Mt Lebanon 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
Mt Lebanon, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.36%
Estimate Property Tax Bill
$8,820
$8,185
Ownwell’s MT LEBANON Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MT LEBANON with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MT LEBANON 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 Mt Lebanon, Pennsylvania
Property taxes in MT LEBANON, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MT LEBANON is 3.36%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within MT LEBANON set these rates annually, and they can vary significantly across different neighborhoods. Each year, MT LEBANON 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 MT LEBANON's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the highest and lowest median property tax rates in MT LEBANON are both 3.36%, reflecting a consistent tax environment within the area. Understanding how these figures compare with other regions 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 Mt Lebanon Tax Rate
3.36%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mt Lebanon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15228 | 3.35% | 3.35% | 3.36% | 3.43% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Mt Lebanon, Pennsylvania
In MT LEBANON, 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 MT LEBANON, 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 MT LEBANON helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15228 has the highest and lowest median tax bill at $9,134, highlighting the importance of staying informed about your property’s assessed value.
Property Tax Assessment Values Across Mt Lebanon, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average Mt Lebanon Assessed Value
$262,500
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 Mt Lebanon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15228 | $258,400 | $259,300 | $262,500 | $270,075 | $278,850 |
Source: Ownwell
Property Tax Bills Across Mt Lebanon, Pennsylvania
In Mt. Lebanon, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The median home price in this area is $262,500. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Various factors such as property size, location, and improvements can influence the assessed value. Homeowners in Mt. Lebanon face a significant property tax burden compared to the national median property tax rate of 0.99%. For example, the 25th percentile tax bill is $8,694, while the 75th percentile tax bill is $9,569. The 90th percentile tax bill is slightly higher at $9,593. The highest median tax bill in the area is $9,134, which is notably higher than the national average. These substantial tax bills can impact homeowners' budgets, potentially affecting their ability to invest in other areas such as home improvements or savings.
Average Mt Lebanon Tax Bill
$9,134
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mt Lebanon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15228 | $8,662 | $8,694 | $9,134 | $9,569 | $9,593 |
Source: Ownwell