Mill Run, Fayette County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Mill Run, Fayette County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Mill Run, PA effective property tax rate: 0.78%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Mill Run, PA home value: $65,360
Median annual Mill Run, PA tax bill: $460, $1,940 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

Property taxes in Mill Run, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Mill Run’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Mill Run, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Mill Run, Fayette County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.78%

Estimate Property Tax Bill

$510

$473

Ownwell’s Mill Run Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mill Run with just two data points. By entering your property's estimated assessed value, our calculator applies Mill Run’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Mill Run, Fayette County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. This is because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.

In Mill Run, located in Fayette County, PA, the effective property tax rate stands at 0.78%. This rate is not only the highest but also the lowest in the area, given the uniformity in tax rates within the region. Compared to the national median property tax rate of 1.02%, Mill Run's rate is significantly lower. This lower tax rate can be appealing to property owners seeking more affordable property tax bills. With the national median property tax bill at $2400, residents in Mill Run enjoy a more favorable tax environment. This can make Mill Run an attractive option for those looking to optimize their property tax expenses while still benefiting from the services provided by the local government.

Property Tax Rates Across Mill Run, Fayette County, Pennsylvania

Source: Ownwell

0.71%

1.69%

2.66%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Mill Run Tax Rate

0.78%

Median Effective Fayette County Tax Rate

0.87%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Mill Run, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15464	0.40%	0.78%	0.78%	0.78%	0.78%

Source: Ownwell

Property Tax Assessment Values Across Mill Run, Fayette County, Pennsylvania

When examining property taxes in Mill Run, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fayette County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Mill Run. For example, the median home price in Mill Run is $65,360, with tax bills ranging significantly across the county. 15464 has the highest median home price at $65,360.

Property Tax Assessment Values Across Mill Run, Fayette County, Pennsylvania

Source: Ownwell

$15,915

$59,673

$103,430

Median Mill Run Market Value

$65,360

Median Fayette County Market Value

$51,500

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Mill Run, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15464	$16,570	$38,265	$65,360	$100,510	$148,610

Source: Ownwell

Property Tax Bills Across Mill Run, Fayette County, Pennsylvania

In Mill Run, located in Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in this area is $65,360, significantly lower than the national median. Homeowners in Mill Run face property tax bills that vary widely, with the 25th percentile paying around $215, while the 75th percentile sees bills of approximately $733. The highest median tax bill in the area is $460, which is considerably below the national median tax bill of $2,400. These figures highlight the variability and potential savings that can be achieved through careful assessment and appeal. Ownwell assists homeowners by providing expert property tax appeal and exemption services, ensuring that they are not overpaying on their tax bills. By leveraging local knowledge and tax expertise, Ownwell can help homeowners navigate the complexities of property tax assessments and potentially reduce their financial burden, making homeownership more affordable in Mill Run.

Property Tax Bills Across Mill Run, Fayette County, Pennsylvania

Source: Ownwell

$176

$758

$1,339

Median Mill Run Tax Bill

$460

Median Fayette County Tax Bill

$548

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Mill Run, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15464	$80	$215	$460	$733	$1,051

Source: Ownwell