South Park, Pennsylvania Property Taxes
The median property tax rate in South Park, PA is 3.00%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in South Park, the typical annual property tax bill reaches $4,141, exceeding the national median of $2,690. Property taxes in South Park 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 South Park'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 South Park 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
South Park, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3%
Estimate Property Tax Bill
$4,143
Ownwell’s South Park Property Tax Bill Calculator assists homeowners, real estate investors, and prospective buyers in estimating their annual property taxes in South Park with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in South Park to provide an estimate of your property tax bill. This valuable tool aids in understanding potential tax liabilities. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for property tax calculations, taking into account any applicable exemptions.
Property Tax Rates Across South Park, Pennsylvania
Property taxes in South Park, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in South Park is 3.00%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within South Park set these rates annually, and they can vary significantly across different neighborhoods. Each year, South Park 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 South Park's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15129 zip code has both the highest and lowest median property tax rate of 3.00%. Understanding how these cities compare with South Park 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 South Park Tax Rate
3.00%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | 2.71% | 2.89% | 3.00% | 3.17% | 3.38% |
Source: Ownwell
Property Tax Assessment Values Across South Park, Pennsylvania
In South Park, 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 South Park, 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 South Park helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15129, with a tax bill of $4,141.
Property Tax Assessment Values Across South Park, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average South Park Assessed Value
$138,100
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 South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | $75,400 | $103,000 | $138,100 | $177,500 | $240,900 |
Source: Ownwell
Property Tax Bills Across South Park, Pennsylvania
In South Park, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. The tax rate in South Park is influenced by various factors, including funding requirements for public services such as schools, infrastructure, and emergency services. For homeowners in South Park, the median home price is $138,100, and property tax bills can vary significantly. The 25th percentile tax bill is around $3,088, while the 75th percentile reaches $5,480, and the 90th percentile can go up to $7,664. These figures indicate a range of tax burdens depending on the home's assessed value and location within the city. Compared to the national median property tax rate of 0.99%, South Park's tax rates can be higher, which can impact homeowners' financial planning and overall housing affordability. Understanding these factors is crucial for homeowners to manage their expenses effectively.
Average South Park Tax Bill
$4,141
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across South Park, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15129 | $2,173 | $3,088 | $4,141 | $5,480 | $7,664 |
Source: Ownwell