Tarentum, Allegheny County, Pennsylvania Property Taxes
The median property tax rate in Tarentum, PA is 2.73%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tarentum at $64,200, the typical annual property tax bill reaches $1,787, exceeding the national median of $2,690. Property taxes in Tarentum 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 Tarentum'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 Tarentum 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
Tarentum, Allegheny County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.73%
Estimate Property Tax Bill
$1,753
$1,626
Ownwell’s Tarentum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Tarentum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Tarentum 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 Tarentum, Allegheny County, Pennsylvania
Property taxes in Tarentum, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarentum is 2.73%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tarentum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarentum 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 Tarentum's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15084 zip code has both the highest and lowest median property tax rate of 2.73%. Understanding how these areas compare with Tarentum 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 Tarentum Tax Rate
2.73%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarentum, Allegheny County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15084 | 1.92% | 2.37% | 2.73% | 3.23% | 3.53% |
Source: Ownwell
Property Tax Assessment Values Across Tarentum, Allegheny County, Pennsylvania
In Tarentum, 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 Tarentum, 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. The median home price in Tarentum is $64,200, with the 25th percentile tax bill at $1,092 and the 75th percentile tax bill at $2,884. 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 Tarentum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Tarentum, Allegheny County, Pennsylvania
Source: Ownwell
$23,400
$310,675
$597,950
Average Tarentum Assessed Value
$64,200
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 Tarentum, Allegheny County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15084 | $26,000 | $41,000 | $64,200 | $104,900 | $157,800 |
Source: Ownwell
Property Tax Bills Across Tarentum, Allegheny County, Pennsylvania
In Tarentum, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's assessment office, which periodically evaluates properties to reflect market conditions. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $64,200, homeowners in Tarentum can expect varying tax bills. The 25th percentile tax bill is around $1,092, while the 75th percentile tax bill reaches approximately $2,884. The highest median tax bill is recorded at $1,787, which is notably higher than the national median property tax rate of 0.99%. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure. Homeowners need to be aware of these costs as they can significantly impact overall homeownership expenses. Understanding how these taxes are calculated can help homeowners plan and budget more effectively.
Average Tarentum Tax Bill
$1,787
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarentum, Allegheny County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15084 | $615 | $1,092 | $1,787 | $2,884 | $4,449 |
Source: Ownwell