Valencia, Pennsylvania Property Taxes
The median property tax rate in Valencia, PA is 2.46%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Valencia, the typical annual property tax bill reaches $3,219, exceeding the national median of $2,690. Property taxes in Valencia 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 Valencia'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 Valencia 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
Valencia, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.46%
Estimate Property Tax Bill
$3,068
Ownwell’s Valencia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Valencia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Valencia 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 Valencia, Pennsylvania
Property taxes in Valencia, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Valencia is 2.46%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Valencia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Valencia 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. For comparison, the 16059 zip code has the highest median property tax rate of 2.46%, while the same zip code also has the lowest median tax rate of 2.46%. Understanding how these cities compare with Valencia 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 Valencia Tax Rate
2.46%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Valencia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16059 | 2.11% | 2.29% | 2.46% | 2.70% | 2.70% |
Source: Ownwell
Property Tax Assessment Values Across Valencia, Pennsylvania
In Valencia, 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 Valencia, 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 Valencia helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Valencia is $3,219 in the 16059 zip code, while the lowest median tax bill is also $3,219 in the same zip code.
Average Valencia Assessed Value
$124,700
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 Valencia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16059 | $76,160 | $98,650 | $124,700 | $162,900 | $227,980 |
Source: Ownwell
Property Tax Bills Across Valencia, Pennsylvania
In Valencia, 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 assessor, who evaluates the property's market value and applies an assessment ratio. The local tax rate is then applied to this assessed value to calculate the annual property tax bill. Several factors influence the tax bill, including property size, location, and any improvements made to the property. In Valencia, the median home price is $124,700. Homeowners in the 25th percentile can expect a tax bill of approximately $2,323, while those in the 75th percentile may face a bill around $4,071. For those in the 90th percentile, the tax bill can reach up to $5,671. These property taxes significantly impact homeowners, as they contribute to local services such as schools, infrastructure, and emergency services. Comparing to the national median property tax rate of 0.99%, Valencia's property taxes can be seen as relatively high, reflecting the region's commitment to maintaining robust community services.
Average Valencia Tax Bill
$3,219
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Valencia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16059 | $1,579 | $2,323 | $3,219 | $4,071 | $5,671 |
Source: Ownwell