Patterson Heights, Pennsylvania Property Taxes
The median property tax rate in Patterson Heights, PA is 5.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Patterson Heights at $46,600, the typical annual property tax bill reaches $2,773, nearly matching the national median of $2,690. Property taxes in Patterson Heights 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 Patterson Heights' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Patterson Heights 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
Patterson Heights, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.95%
Estimate Property Tax Bill
$2,773
Ownwell’s Patterson Heights Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Patterson Heights with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Patterson Heights 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 Patterson Heights, Pennsylvania
Property taxes in Patterson Heights, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Patterson Heights is 5.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Patterson Heights set these rates annually, and they can vary significantly across different neighborhoods. Each year, Patterson Heights 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 Patterson Heights' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15010 has both the highest and lowest median property tax rate in the region at 5.95%. Understanding how these areas compare with Patterson Heights provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Patterson Heights Tax Rate
5.95%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Patterson Heights, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | 5.95% | 5.95% | 5.95% | 5.95% | 5.95% |
Source: Ownwell
Property Tax Assessment Values Across Patterson Heights, Pennsylvania
In Patterson Heights, 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 Beaver 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 Patterson Heights, 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 Patterson Heights helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,773, found in zip code 15010, which also has the lowest median tax bill, highlighting the uniformity in property tax assessments within the region.
Property Tax Assessment Values Across Patterson Heights, Pennsylvania
Source: Ownwell
$7,900
$49,050
$90,200
Average Patterson Heights Assessed Value
$46,600
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Patterson Heights, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | $25,220 | $31,600 | $46,600 | $61,200 | $71,520 |
Source: Ownwell
Property Tax Bills Across Patterson Heights, Pennsylvania
In Patterson Heights, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home and the applicable tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value and assigns a percentage of that value as the taxable amount. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Patterson Heights can expect varying tax bills; for instance, the 25th percentile tax bill is around $1,880, while the 75th percentile tax bill is approximately $3,641. At the higher end, the 90th percentile tax bill reaches up to $4,255. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, the rates in Patterson Heights may seem higher, impacting homeowners by potentially increasing their annual financial responsibilities. Understanding how these factors interplay helps homeowners better anticipate their property tax liabilities.
Average Patterson Heights Tax Bill
$2,773
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Patterson Heights, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15010 | $1,501 | $1,880 | $2,773 | $3,641 | $4,255 |
Source: Ownwell