Champion, Fayette County, Pennsylvania Property Taxes
The median property tax rate in Champion, PA is 0.85%, considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Champion at $79,360, the typical annual property tax bill reaches $676, significantly below the national median of $2,690. Property taxes in Champion 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 Champion'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 Champion 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
Champion, Fayette County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.85%
Estimate Property Tax Bill
$675
$626
Ownwell’s Champion Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Champion with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Champion 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 Champion, Fayette County, Pennsylvania
Property taxes in Champion, Pennsylvania, are essential in funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Champion is 1.35%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Champion set these rates annually, and they can vary significantly across different neighborhoods. Each year, Champion 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 Champion's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15622 zip code has the highest median property tax rate of 1.35%, while the 15622 zip code has the lowest median tax rate of 1.35%. Understanding how these cities compare with Champion provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Champion Tax Rate
0.85%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Champion, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | 0.85% | 0.85% | 0.85% | 0.85% | 0.85% |
Source: Ownwell
Property Tax Assessment Values Across Champion, Fayette County, Pennsylvania
In Champion, 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 Fayette 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 Champion, 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. The highest median tax bill in Champion is $676 in the 15622 zip code, which is also the lowest median tax bill. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Champion, Fayette County, Pennsylvania
Source: Ownwell
$15,915
$59,673
$103,430
Average Champion Assessed Value
$79,360
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Champion, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | $25,273 | $49,070 | $79,360 | $120,245 | $176,953 |
Source: Ownwell
Property Tax Bills Across Champion, Fayette County, Pennsylvania
In Champion, Fayette County, PA, property tax bills are determined by assessing the value of a property and applying the local tax rate. The assessed value is typically a percentage of the market value, which is then multiplied by the tax rate to calculate the annual tax bill. For example, with a median home price of $79,360, homeowners can expect tax bills that vary widely based on their property's assessed value and specific circumstances. Factors influencing the tax bill include the property's location within the county, any applicable exemptions, and the specific tax rate set by local authorities. For instance, property tax bills in Champion range from $414 at the 25th percentile to $1,516 at the 90th percentile, indicating significant variability. This variability impacts homeowners by influencing their annual financial obligations. A lower tax bill can make homeownership more affordable, while higher tax bills may necessitate careful budgeting. Understanding these factors helps homeowners anticipate and manage their property tax responsibilities effectively.
Average Champion Tax Bill
$676
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Champion, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15622 | $176 | $414 | $676 | $1,024 | $1,516 |
Source: Ownwell