Dunbar, Pennsylvania Property Taxes
The median property tax rate in Dunbar, 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 Dunbar at $48,875, the typical annual property tax bill reaches $814, which is lower than the national median of $2,690. Property taxes in Dunbar 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 Dunbar'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 Dunbar 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
Dunbar, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.16%
Estimate Property Tax Bill
$1,056
Ownwell’s DUNBAR Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in DUNBAR with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in DUNBAR 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 Dunbar, Pennsylvania
Property taxes in Dunbar, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Dunbar is 2.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Dunbar set these rates annually, and they can vary significantly across different neighborhoods. Each year, Dunbar 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 Dunbar's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15431 has the highest median property tax rate of 2.16%, while the same zip code also has the lowest median tax rate of 2.16%. Understanding how these areas compare with Dunbar 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 Dunbar 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 Dunbar, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15431 | 0.94% | 0.94% | 2.16% | 2.16% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Dunbar, Pennsylvania
In Dunbar, 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 Dunbar, 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. For instance, the median home price in Dunbar is $48,875, with property tax bills ranging from $390 at the 25th percentile to $2,407 at the 90th percentile. The zip code 15431 has the highest and lowest median tax bill at $814. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Dunbar Assessed Value
$48,875
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 Dunbar, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15431 | $13,810 | $29,288 | $48,875 | $77,818 | $117,380 |
Source: Ownwell
Property Tax Bills Across Dunbar, Pennsylvania
In Dunbar, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $48,875, homeowners in Dunbar can expect varying tax bills depending on the specific assessed value of their property and the applicable tax rate. Several factors influence the final tax bill, including property location within Fayette County, property type, and any applicable exemptions or deductions. Homeowners in Dunbar see tax bills ranging from the 25th percentile at $390 to the 75th percentile at $1,496, with the 90th percentile reaching up to $2,407. These figures highlight the variability in tax obligations based on property assessments and local tax rates. Compared to the national median property tax rate of 0.99%, Dunbar’s property tax bills reflect the local economic conditions and property values, directly impacting homeowners' annual financial responsibilities.
Average Dunbar Tax Bill
$814
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Dunbar, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15431 | $197 | $390 | $814 | $1,496 | $2,407 |
Source: Ownwell