Vanderbilt, Fayette County, Pennsylvania Property Taxes
Median Vanderbilt, PA effective property tax rate: 0.80%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Vanderbilt, PA home value: $58,760
Median annual Vanderbilt, PA tax bill: $582, $1,818 lower than the national median property tax bill of $2,400.
How are property taxes in Fayette calculated?
Property taxes in Vanderbilt, 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 Vanderbilt’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Vanderbilt, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Vanderbilt, Fayette County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.8%
Estimate Property Tax Bill
$470
$436
Property Tax Rates Across Vanderbilt, Fayette County, Pennsylvania
Local government entities determine tax rates, which can vary significantly within a state. This variation arises because each county annually estimates the budget needed to provide services and divides it by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially the annual process.
In Vanderbilt, located in Fayette County, Pennsylvania, the effective property tax rate is 0.80%. This rate aligns with the highest and lowest median tax rates in the state, reflecting a uniformity across different areas within the county. Compared to Pennsylvania’s median property tax rate of 0.80%, Vanderbilt’s rate is consistent with state norms. However, it is notably lower than the national median property tax rate of 1.02%. This difference can result in significant savings for property owners in Vanderbilt compared to the national average, making it an attractive location for those looking to optimize their property tax expenses.
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 Vanderbilt Tax Rate
0.80%
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 Fayette County Tax Rate
0.87%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Vanderbilt, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15486 | 0.76% | 0.77% | 0.80% | 0.89% | 2.16% |
Source: Ownwell
Property Tax Assessment Values Across Vanderbilt, Fayette County, Pennsylvania
When examining property taxes in Vanderbilt, 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 Fayette 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 Fayette 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 Vanderbilt. For example, the median home price in Vanderbilt is $58,760, with tax bills ranging significantly across the county. Zip code 15486 has the highest median home price at $58,760.
Property Tax Assessment Values Across Vanderbilt, Fayette County, Pennsylvania
Source: Ownwell
$15,915
$59,673
$103,430
Median Vanderbilt Market Value
$58,760
Median Fayette County Market Value
$51,500
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Vanderbilt, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15486 | $14,480 | $33,060 | $58,760 | $100,788 | $152,385 |
Source: Ownwell
Property Tax Bills Across Vanderbilt, Fayette County, Pennsylvania
In Vanderbilt, located in Fayette County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in Vanderbilt is $58,760, which is significantly lower than the national median home price. Homeowners in this area face property tax bills that range widely, with the 25th percentile at $299 and the 75th percentile at $991. The highest median tax bill in the area is $582, which is consistent across the zip code 15486.
These property taxes can present a financial burden for homeowners, especially when the assessed value does not accurately reflect the market value of the property. This is where Ownwell can assist. By providing expert property tax appeal and exemption services, Ownwell helps homeowners ensure their property is fairly assessed, potentially lowering their tax bills and saving them money.
Median Vanderbilt Tax Bill
$582
Median Fayette County Tax Bill
$548
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Vanderbilt, Fayette County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15486 | $122 | $299 | $582 | $991 | $1,553 |
Source: Ownwell