Mckeesport, Pennsylvania Property Taxes
The median property tax rate in McKeesport, PA is 11.88%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in McKeesport at $21,450, the typical annual property tax bill reaches $2,549, which is close to the national median of $2,690. Property taxes in McKeesport 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 McKeesport'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 McKeesport 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
Mckeesport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.88%
Estimate Property Tax Bill
$2,548
-$26,706
Ownwell’s McKeesport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McKeesport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in McKeesport 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 Mckeesport, Pennsylvania
Property taxes in McKeesport, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McKeesport is 11.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within McKeesport set these rates annually, and they can vary significantly across different neighborhoods. Each year, McKeesport 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 McKeesport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15131 zip code has the highest median property tax rate of 11.88%, while the 15131 zip code also has the lowest median tax rate of 11.88%. Understanding how these cities compare with McKeesport provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mckeesport Tax Rate
11.88%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | 11.88% | 11.88% | 11.88% | 11.88% | 11.88% |
Source: Ownwell
Property Tax Assessment Values Across Mckeesport, Pennsylvania
In McKeesport, 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 Westmoreland 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 McKeesport, 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 McKeesport is $21,450, with tax bills ranging from $2,357 at the 25th percentile to $3,944 at the 75th percentile. The highest and lowest median tax bill in the area is $2,549, found in zip code 15131. 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 McKeesport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mckeesport Assessed Value
$21,450
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | $17,124 | $19,830 | $21,450 | $24,770 | $31,556 |
Source: Ownwell
Property Tax Bills Across Mckeesport, Pennsylvania
In McKeesport, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. For homeowners in McKeesport, the median home price stands at $21,450, significantly lower than the national median. Despite the lower home values, property tax bills can be substantial, with the 25th percentile tax bill at $2,357 and the 75th percentile reaching $2,944. Several factors influence the tax bill, including the assessed value of the property, local tax rates, and any applicable exemptions or deductions. Homeowners in McKeesport may find that their property tax bills are relatively high compared to the property's market value, impacting their overall housing costs. The highest median tax bill in the area is $2,549, found in the 15131 zip code. Understanding these factors can help homeowners manage their finances and anticipate annual property tax obligations.
Average Mckeesport Tax Bill
$2,549
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mckeesport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15131 | $2,035 | $2,357 | $2,549 | $2,944 | $3,750 |
Source: Ownwell