Ohiopyle, Pennsylvania Property Taxes
The median property tax rate in Ohiopyle, PA is 0.71%, which is considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Ohiopyle, the typical annual property tax bill reaches $547, significantly below the national median of $2,690. Property taxes in Ohiopyle 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 Ohiopyle'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 Ohiopyle or another part of Fayette County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ohiopyle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.71%
Estimate Property Tax Bill
$545
-$5,714
Ownwell’s Ohiopyle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ohiopyle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ohiopyle 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 Ohiopyle, Pennsylvania
Property taxes in Ohiopyle, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ohiopyle is 0.71%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ohiopyle set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ohiopyle 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 Ohiopyle's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15470 zip code has the highest median property tax rate of 0.71%, while the same zip code also has the lowest median tax rate of 0.71%. Understanding how these cities compare with Ohiopyle 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 Ohiopyle Tax Rate
0.71%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ohiopyle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15470 | 0.61% | 0.71% | 0.71% | 0.78% | 0.78% |
Source: Ownwell
Property Tax Assessment Values Across Ohiopyle, Pennsylvania
In Ohiopyle, 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 Ohiopyle, 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 Ohiopyle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in this area is $76,790, with the 25th percentile tax bill at $344 and the 75th percentile at $847. The highest and lowest median tax bills in the region are both $547, found in the 15470 zip code.
Average Ohiopyle Assessed Value
$76,790
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 Ohiopyle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15470 | $21,275 | $51,528 | $76,790 | $116,232 | $176,464 |
Source: Ownwell
Property Tax Bills Across Ohiopyle, Pennsylvania
In Ohiopyle, Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $76,790, homeowners typically see a range in their tax bills. At the 25th percentile, tax bills are around $344, while at the 75th percentile, they can reach up to $847. For those at the 90th percentile, tax bills can go as high as $1,267. These figures indicate a significant variation in tax obligations, influenced by the specific assessed value of the property and the applicable tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Ohiopyle can expect their tax rates to be in a similar range. This variability in tax bills directly impacts homeowners by affecting their annual budgeting and overall cost of homeownership.
Average Ohiopyle Tax Bill
$547
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ohiopyle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15470 | $105 | $344 | $547 | $847 | $1,267 |
Source: Ownwell