Monessen, Pennsylvania Property Taxes
The median property tax rate in Monessen, PA is 14.82%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Monessen at $11,410, the typical annual property tax bill reaches $1,749, which is below the national median of $2,690. Property taxes in Monessen are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences. Understanding Monessen'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 Monessen or another part of Westmoreland County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Monessen, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
14.82%
Estimate Property Tax Bill
$1,691
-$17,721
Ownwell’s Monessen Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Monessen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Monessen 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 Westmoreland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Monessen, Pennsylvania
Property taxes in Monessen, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Monessen is 14.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Monessen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Monessen 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 Monessen's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15062 has the highest median property tax rate of 14.82%, while the same zip code also has the lowest median tax rate of 14.82%. Understanding how these cities compare with Monessen 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 Monessen Tax Rate
14.82%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Monessen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15062 | 14.82% | 14.82% | 14.82% | 14.82% | 14.82% |
Source: Ownwell
Property Tax Assessment Values Across Monessen, Pennsylvania
In Monessen, 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 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 Monessen, 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 Monessen helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15062 has the highest and lowest median tax bill, both at $1,749.
Average Monessen Assessed Value
$11,410
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 Monessen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15062 | $3,568 | $7,625 | $11,410 | $16,760 | $21,802 |
Source: Ownwell
Property Tax Bills Across Monessen, Pennsylvania
In Monessen, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. Homeowners in Monessen can expect their property tax bills to vary significantly, with the 25th percentile tax bill at $1,211 and the 75th percentile reaching $2,510. The highest median tax bill in the area is $1,749, which is notably higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Higher assessed values generally lead to higher tax bills, impacting homeowners' annual expenses. Understanding these factors is crucial for homeowners to anticipate their financial obligations and explore potential savings through appeals or exemptions. This system ensures that property taxes are proportionate to property values, aiming for fairness and equity across the community.
Average Monessen Tax Bill
$1,749
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Monessen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15062 | $804 | $1,211 | $1,749 | $2,510 | $3,247 |
Source: Ownwell