Mount Braddock, Fayette County, Pennsylvania Property Taxes
The median property tax rate in Mount Braddock, PA is 2.65%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mount Braddock, the typical annual property tax bill reaches $1,321, exceeding the national median of $2,690. Property taxes in Mount Braddock 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 Mount Braddock'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 Mount Braddock 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
Mount Braddock, Fayette County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.65%
Estimate Property Tax Bill
$1,320
$1,225
Ownwell’s MOUNT BRADDOCK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MOUNT BRADDOCK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MOUNT BRADDOCK 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 Mount Braddock, Fayette County, Pennsylvania
Property taxes in Mount Braddock, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mount Braddock is 2.65%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mount Braddock set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mount Braddock 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 Mount Braddock's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15465 zip code has the highest median property tax rate of 2.65%, while the lowest median tax rate is also 2.65%. Understanding how these cities compare with Mount Braddock 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.
Property Tax Rates Across Mount Braddock, Fayette County, Pennsylvania
Source: Ownwell
0.71%
1.69%
2.66%
Average Mount Braddock Tax Rate
2.65%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mount Braddock, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15465 | 2.65% | 2.65% | 2.65% | 2.65% | 2.65% |
Source: Ownwell
Property Tax Assessment Values Across Mount Braddock, Fayette County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mount Braddock, Pennsylvania. 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 local appraisal district 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 Mount Braddock, 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. The median home price in Mount Braddock is $49,820, with tax bills ranging from $1,005 at the 25th percentile to $2,502 at the 90th percentile. The highest and lowest median tax bills are both $1,321 in the 15465 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Mount Braddock, Fayette County, Pennsylvania
Source: Ownwell
$15,915
$59,673
$103,430
Average Mount Braddock Assessed Value
$49,820
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 Mount Braddock, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15465 | $24,293 | $37,910 | $49,820 | $65,110 | $94,376 |
Source: Ownwell
Property Tax Bills Across Mount Braddock, Fayette County, Pennsylvania
In Mount Braddock, located in Fayette County, PA, property tax bills are determined based on the assessed value of a home. The assessed value is a percentage of the property's market value, which is then multiplied by the local tax rate to calculate the tax bill. For instance, with a median home price of $49,820, homeowners can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rate applied. Factors influencing the tax bill include property size, location, and any improvements made to the property. For example, tax bills in Mount Braddock range from the 25th percentile at $1,005 to the 90th percentile at $2,502, reflecting the variation in property values and assessments. Homeowners in this area face a median tax bill of $1,321, which is higher than the national median property tax rate of 0.99%, highlighting the region's relatively higher property tax burden. This can impact homeowners by increasing their annual expenses, making it essential to understand and potentially appeal their property assessments.
Average Mount Braddock Tax Bill
$1,321
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mount Braddock, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15465 | $644 | $1,005 | $1,321 | $1,726 | $2,502 |
Source: Ownwell