What is Real Estate Tax?

Real Estate tax is a tax that is levied on every parcel of land and piece of property (Real Estate) in the state of Pennsylvania. There are 3 separate taxes. Each tax is assessed a millage rate which is used to calculate each property's tax liability. The 3 separate taxes consist of Local Municipality, Local School and Local County taxes of which the property is located within. In Allegheny County, these assessment values were derived through various methods. After all data and information has been collected, verified and reviewed, the County then creates their determination of your property's value. • How Would This Affect Me? It is through their (County authority) determination of the value of your property that your tax liability either increases, decrease's or remains the same for the following year. It is the home owners responsibility to appeal their tax assessment if they feel that the Fair Market Value for their property is less than the local County authority says it is ...  more