Brave, Pennsylvania Property Taxes
The median property tax rate in Brave, PA is 4.36%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Brave at $20,360, the typical annual property tax bill reaches $888, which is below the national median of $2,690. Property taxes in Brave are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Brave'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 Brave 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
Brave, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.36%
Estimate Property Tax Bill
$888
Ownwell’s Brave Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brave with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brave 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 Brave, Pennsylvania
Property taxes in Brave, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brave is 4.36%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Brave set these rates annually, and they can vary across different neighborhoods. Each year, Brave 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 Brave's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15316 has the highest median property tax rate of 4.36%, while the same zip code also has the lowest median tax rate of 4.36%. Understanding how these areas compare with Brave provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brave Tax Rate
4.36%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Brave, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15316 | 4.36% | 4.36% | 4.36% | 4.36% | 4.36% |
Source: Ownwell
Property Tax Assessment Values Across Brave, Pennsylvania
In BRAVE, 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 Greene 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 BRAVE, 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 BRAVE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $888.00, found in the 15316 zip code.
Average Brave Assessed Value
$20,360
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Brave, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15316 | $4,512 | $7,720 | $20,360 | $39,330 | $63,596 |
Source: Ownwell
Property Tax Bills Across Brave, Pennsylvania
In Brave, Pennsylvania, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local property tax rate to generate the annual tax bill. For instance, with a median home price of $20,360, homeowners in Brave can expect varying tax bills depending on their property's assessed value and the specific tax rate applied. Several factors influence the final tax bill, including any applicable exemptions, the property's location within Greene County, and the specific assessment practices of the local authorities. Homeowners at the 25th percentile see tax bills around $337, while those at the 75th percentile face bills closer to $1,716. At the 90th percentile, tax bills can reach up to $2,774. Understanding these factors is crucial for homeowners as property taxes significantly impact annual household expenses. Comparing Brave's tax rates to the national median property tax rate of 0.99% can help homeowners gauge their relative tax burden.
Average Brave Tax Bill
$888
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Brave, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15316 | $197 | $337 | $888 | $1,716 | $2,774 |
Source: Ownwell