Markleysburg, Pennsylvania Property Taxes
The median property tax rate in Markleysburg, PA is 0.78%, which is lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $58,070 in Markleysburg, the typical annual property tax bill is $439, significantly below the national median of $2,690. Property taxes in Markleysburg are calculated based on the assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Markleysburg's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Markleysburg or another part of Fayette County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Markleysburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.78%
Estimate Property Tax Bill
$453
Ownwell’s Markleysburg Property Tax Bill Calculator is an essential tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Markleysburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Markleysburg to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Fayette County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Markleysburg, Pennsylvania
Property taxes in Markleysburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Markleysburg is 0.78%, lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Markleysburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Markleysburg 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 Markleysburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15459 zip code has the highest median property tax rate of 0.78%, while the 15459 zip code also has the lowest median tax rate of 0.78%. Understanding how these cities compare with Markleysburg 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 Markleysburg Tax Rate
0.78%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Markleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15459 | 0.63% | 0.78% | 0.78% | 0.78% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Markleysburg, Pennsylvania
In Markleysburg, 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 Markleysburg, 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 Markleysburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Markleysburg is $58,070, with tax bills ranging from $230 at the 25th percentile to $1,058 at the 90th percentile. The highest and lowest median tax bills are both $439 in the 15459 zip code.
Property Tax Assessment Values Across Markleysburg, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Markleysburg Assessed Value
$58,070
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 Markleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15459 | $15,712 | $32,540 | $58,070 | $90,290 | $146,026 |
Source: Ownwell
Property Tax Bills Across Markleysburg, Pennsylvania
In Markleysburg, Fayette County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the property's market value, which is periodically evaluated by local authorities. Homeowners in Markleysburg experience a range of tax bills, with the 25th percentile being $230 and the 75th percentile reaching $687. The highest median tax bill recorded in the area is $439, which is consistent across all zip codes in Markleysburg. These tax bills are influenced by various factors including the property's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, homeowners in Markleysburg may find their property taxes relatively manageable, especially given the median home price of $58,070. Understanding these components helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Markleysburg Tax Bill
$439
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Markleysburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15459 | $104 | $230 | $439 | $687 | $1,058 |
Source: Ownwell