Mc Clellandtown, Pennsylvania Property Taxes
The median property tax rate in MC CLELLANDTOWN, PA is 0.89%, which is notably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $45,375 in MC CLELLANDTOWN, the typical annual property tax bill amounts to $409, significantly below the national median of $2,690. Property taxes here are calculated based on the assessed value, which often falls short of the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding MC CLELLANDTOWN'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 MC CLELLANDTOWN 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
Mc Clellandtown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.89%
Estimate Property Tax Bill
$404
Ownwell’s MC CLELLANDTOWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLELLANDTOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLELLANDTOWN 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 Mc Clellandtown, Pennsylvania
Property taxes in Mc Clellandtown, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Clellandtown is 0.89%, slightly below the U.S. national median of 0.99%. Local government entities within Mc Clellandtown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Clellandtown 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 Mc Clellandtown's effective property tax rate to other areas in Fayette County and the national median. For comparison, the 15458 zip code has the highest median property tax rate of 0.89%, while the same zip code also has the lowest median tax rate of 0.89%. Understanding how these areas compare with Mc Clellandtown 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 Mc Clellandtown Tax Rate
0.89%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clellandtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15458 | 0.88% | 0.88% | 0.89% | 0.91% | 1.02% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clellandtown, Pennsylvania
In MC CLELLANDTOWN, 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 MC CLELLANDTOWN, 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 MC CLELLANDTOWN is $409 in the 15458 zip code, while the lowest is also $409 in the same zip code. 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 Mc Clellandtown, Pennsylvania
Source: Ownwell
$15,915
$211,818
$407,720
Average Mc Clellandtown Assessed Value
$45,375
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 Mc Clellandtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15458 | $14,101 | $28,450 | $45,375 | $72,040 | $113,498 |
Source: Ownwell
Property Tax Bills Across Mc Clellandtown, Pennsylvania
In Mc Clellandtown, property tax bills are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the market value of the home. For example, the median home price in Mc Clellandtown is $45,375. Once the assessed value is established, it is multiplied by the local tax rate to calculate the annual tax bill. Several factors influence the assessed value, including the property's location, size, and condition. Homeowners in Mc Clellandtown can expect their tax bills to vary, with the 25th percentile tax bill at $264 and the 75th percentile at $636. The highest median tax bill recorded in the area is $409, which is relatively modest compared to the national median property tax rate of 0.99%. For homeowners, understanding these calculations is crucial as property taxes can significantly impact annual expenses. Accurate assessments ensure that homeowners pay a fair share while contributing to local services and infrastructure.
Average Mc Clellandtown Tax Bill
$409
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clellandtown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15458 | $126 | $264 | $409 | $636 | $996 |
Source: Ownwell