Dickerson Run, Pennsylvania Property Taxes
The median property tax rate in Dickerson Run, PA is 2.16%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Dickerson Run at $45,300, the typical annual property tax bill reaches $978, which is below the national median of $2,690. Property taxes in Dickerson Run are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Dickerson Run'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 Dickerson Run 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
Dickerson Run, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$978
Ownwell’s Dickerson Run Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Dickerson Run. By simply entering your property's estimated assessed value, the calculator uses the median tax rate in Dickerson Run to provide an accurate estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making it easier to plan your finances. For those interested in more detailed trends at the neighborhood level, additional localized information is available below. Your property’s assessed value is determined by the county for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Dickerson Run, Pennsylvania
Property taxes in Dickerson Run, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Dickerson Run is 2.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Dickerson Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dickerson Run 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 Dickerson Run's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15430 zip code has both the highest and lowest median property tax rate of 2.16%. Understanding how these areas compare with Dickerson Run 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 Dickerson Run Tax Rate
2.16%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Dickerson Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15430 | 2.16% | 2.16% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Dickerson Run, Pennsylvania
In Dickerson Run, 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 Dickerson Run, 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 Dickerson Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15430 has the highest median tax bill, which is $978.
Property Tax Assessment Values Across Dickerson Run, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Dickerson Run Assessed Value
$45,300
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 Dickerson Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15430 | $23,028 | $36,065 | $45,300 | $55,960 | $65,490 |
Source: Ownwell
Property Tax Bills Across Dickerson Run, Pennsylvania
In Dickerson Run, PA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. Homeowners in this region of Fayette County face a median property tax rate of 0.99%, aligning with the national average. For example, with a median home price of $45,300, the median tax bill comes out to approximately $978 annually. This figure can vary depending on specific factors such as property location within the county and any applicable exemptions or deductions. The tax bill is influenced by the home's assessed value, local tax rates, and any changes in property market trends. For homeowners, this means that fluctuations in the housing market or adjustments in local tax rates can directly impact the amount owed. In Dickerson Run, tax bills range from $779 at the 25th percentile to $1,208 at the 75th percentile, with the highest bills reaching up to $1,414. Understanding these factors can help homeowners better anticipate and manage their property tax obligations.
Average Dickerson Run Tax Bill
$978
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dickerson Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15430 | $497 | $779 | $978 | $1,208 | $1,414 |
Source: Ownwell