Monaca, Beaver County, Pennsylvania Property Taxes
Median Monaca, PA effective property tax rate: 5.30%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Monaca, PA home value: $47,400
Median annual Monaca, PA tax bill: $2,663, $263 higher than the national median property tax bill of $2,400.
How are property taxes in Beaver calculated?
Property taxes in Monaca, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Monaca’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Monaca, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Monaca, Beaver County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.3%
Estimate Property Tax Bill
$2,512
$2,331
Property Tax Rates Across Monaca, Beaver County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Monaca’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
In Monaca, located in Beaver County, property owners experience a significant property tax rate. The effective property tax rate in this area is notably higher than both the state and national medians. This elevated rate reflects the local government's budgetary needs and the total value of taxable property within the jurisdiction. Homeowners in Monaca face a property tax rate that stands out, emphasizing the importance of understanding local tax obligations. Comparing Monaca's rate with other regions highlights the substantial variance in property tax rates across different areas, underscoring the impact of local governance on property tax calculations.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Monaca Tax Rate
5.30%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Beaver County Tax Rate
6.15%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Monaca, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15061 | 5.30% | 5.30% | 5.30% | 6.12% | 6.12% |
Source: Ownwell
Property Tax Assessment Values Across Monaca, Beaver County, Pennsylvania
When examining property taxes in Monaca, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Beaver County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Beaver County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Monaca.
For example, the median home price in Monaca is $47,400, with tax bills ranging significantly across the county. Zip code 15061 has the highest median home price at $47,400.
Property Tax Assessment Values Across Monaca, Beaver County, Pennsylvania
Source: Ownwell
$30,800
$58,900
$87,000
Median Monaca Market Value
$47,400
Median Beaver County Market Value
$44,800
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Monaca, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15061 | $24,000 | $33,200 | $47,400 | $63,300 | $92,030 |
Source: Ownwell
Property Tax Bills Across Monaca, Beaver County, Pennsylvania
In Monaca, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Monaca is $47,400, which contributes to determining the tax bill. Factors such as the property's location, size, and any improvements made can affect the assessed value. Homeowners in Monaca face a median tax bill of $2,663, which aligns with the national median property tax bill of $2,400. However, individual tax bills can vary significantly, with the 25th percentile at $1,971 and the 75th percentile reaching $3,554.
Ownwell offers valuable assistance for homeowners in Monaca looking to reduce their property tax bills. By providing expert property tax appeal and exemption services, Ownwell can help homeowners ensure their properties are assessed fairly. This can lead to significant savings, potentially lowering tax bills to a more manageable level. With Ownwell's expertise, homeowners can navigate the complexities of property tax assessments and secure the best possible outcome for their financial situation.
Median Monaca Tax Bill
$2,663
Median Beaver County Tax Bill
$2,704
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Monaca, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15061 | $1,420 | $1,971 | $2,663 | $3,554 | $5,001 |
Source: Ownwell