How Do I Calculate My Property Taxes?

Question: How Do I Calculate My Property Taxes?

Answer: Property assessments in Allegheny County serve as the basis for three levels of property taxes: county, municipal, and school district. Tax millage rates for Allegheny County are set by the Allegheny County Council. Municipal tax millages are set by individual municipalities. School tax millages are set by local school boards. The amount of property taxes you will owe are based on a combination of your assessed property value and the millage rates of the municipality and school district in which you live.

To determine the current millage rates for Allegheny County and your specific locality:

Millage rates for Allegheny County and its Municipalities
Millage rates for Allegheny County School Districts

The amount of property taxes that you pay to each taxing body is calculated by multiplying the assessed value of your property by the millage rate set by each taxing body. In practice, a millage rate of 1 (one) mill means that you pay $1.00 (one dollar) in taxes for every $1,000.00 (one thousand dollars) of assessed value. For instance, if your home has a new assessed value of $100,000 and your municipality has set a new millage rate of 5 mills, your property tax bill would be $500.

To calculate your tax bill: First, convert the millage rate to its decimal equivalent to make the multiplication easier. [5 mills X .001 = .005 ] Then, multiply your new assessed value ($100,000) by the decimal equivalent of the millage rate (.005) to determine your tax bill. [$100,000 X .005 = $500]

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