Leechburg, Pennsylvania Property Taxes
The median property tax rate in Leechburg, PA is 3.55%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Leechburg, the typical annual property tax bill reaches $3,033, exceeding the national median of $2,690. Property taxes in Leechburg 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 Leechburg'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 Leechburg 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
Leechburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.55%
Estimate Property Tax Bill
$2,863
Ownwell’s Leechburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Leechburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Leechburg 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 Leechburg, Pennsylvania
Property taxes in Leechburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Leechburg is 3.55%, significantly higher than the U.S. national median of 0.99%. Local government entities within Leechburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Leechburg 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 Leechburg's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15656 in Armstrong County has the highest median property tax rate of 3.55%, which is the same as Leechburg's rate. Understanding how these areas compare with Leechburg provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Leechburg Tax Rate
3.55%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Leechburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15656 | 3.55% | 3.55% | 3.55% | 3.96% | 3.96% |
Source: Ownwell
Property Tax Assessment Values Across Leechburg, Pennsylvania
In Leechburg, 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 Armstrong 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 Leechburg, 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 Leechburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15656 has the highest and lowest median tax bill of $3,033 in the area.
Average Leechburg Assessed Value
$80,640
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Leechburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15656 | $36,020 | $57,920 | $80,640 | $112,870 | $162,162 |
Source: Ownwell
Property Tax Bills Across Leechburg, Pennsylvania
In Leechburg, Armstrong County, PA, property tax bills are calculated based on the assessed value of the property and the local tax rate. The median home price in Leechburg is $80,640, which serves as a starting point for determining the assessed value. Local authorities then apply the tax rate to this assessed value to calculate the annual property tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions. For instance, the 25th percentile tax bill in Leechburg is $2,143, while the 75th percentile tax bill reaches $4,126. At the higher end, the 90th percentile tax bill can go up to $5,885. Comparatively, the national median property tax rate is 0.99%, making Leechburg's tax bills relatively significant for homeowners. These property taxes are crucial for funding local services such as schools, infrastructure, and emergency services. For homeowners, understanding these factors can help in financial planning and making informed decisions about property investments.
Average Leechburg Tax Bill
$3,033
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Leechburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15656 | $1,341 | $2,143 | $3,033 | $4,126 | $5,885 |
Source: Ownwell