Ronco, Pennsylvania Property Taxes
The median property tax rate in Ronco, PA is 1.17%, which is higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With the median home value in Ronco at $15,915, the typical annual property tax bill amounts to $187, a figure that is substantially below the national median of $2,690. Property taxes in Ronco are calculated based on the tax assessed value, which is often less than the market value due to various exemptions like those for primary residences and agricultural land. Understanding Ronco'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 Ronco or another part of Fayette County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Ronco, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.17%
Estimate Property Tax Bill
$186
Ownwell’s Ronco Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ronco with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ronco 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 Ronco, Pennsylvania
Property taxes in Ronco, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ronco is 1.17%, higher than the U.S. national median of 0.99%. Local government entities within Ronco set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ronco 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 Ronco's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15476 zip code has the highest median property tax rate of 1.17%, while the 15476 zip code also has the lowest median tax rate of 1.17%. Understanding how these cities compare with Ronco 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 Ronco Tax Rate
1.17%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Ronco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15476 | 0.99% | 1.06% | 1.17% | 1.24% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Ronco, Pennsylvania
In Ronco, 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 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 Ronco, 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 property tax bill in Ronco is notably lower than the national median, with values ranging from $157 at the 25th percentile to $368 at the 90th percentile. The zip code 15476 consistently shows the highest and lowest median tax bills at $187. 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.
Average Ronco Assessed Value
$15,915
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 Ronco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15476 | $7,380 | $12,396 | $15,915 | $23,432 | $35,150 |
Source: Ownwell
Property Tax Bills Across Ronco, Pennsylvania
In Ronco, Fayette County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to derive the annual tax bill. For homeowners in Ronco, the median home price is $15,915, which influences the overall tax burden. The tax bill varies significantly, with the 25th percentile at $157 and the 75th percentile at $253, highlighting the range of tax obligations within the community. At the 90th percentile, homeowners might see tax bills as high as $368. These tax bills are essential for funding local services such as schools, infrastructure, and emergency services, directly affecting the quality of life for residents. Compared to the national median property tax rate of 0.99%, Ronco's rates reflect the local economic conditions and property values. Understanding these factors helps homeowners anticipate their financial responsibilities and plan accordingly.
Average Ronco Tax Bill
$187
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ronco, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15476 | $109 | $157 | $187 | $253 | $368 |
Source: Ownwell