Sewickley, Pennsylvania Property Taxes
The median property tax rate in Sewickley, PA is 6.27%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sewickley at $48,900, the typical annual property tax bill reaches $3,068, surpassing the national median of $2,690. Property taxes in Sewickley are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sewickley'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 Sewickley or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sewickley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.27%
Estimate Property Tax Bill
$3,066
Ownwell’s Sewickley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sewickley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sewickley 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 the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sewickley, Pennsylvania
Property taxes in Sewickley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sewickley is 6.27%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sewickley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sewickley 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 Sewickley's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the zip code 15143 has the highest median property tax rate of 6.27%, while also having the lowest median tax rate of 6.27%. Understanding how these figures compare with Sewickley provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sewickley Tax Rate
6.27%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | 6.27% | 6.27% | 6.27% | 6.27% | 6.27% |
Source: Ownwell
Property Tax Assessment Values Across Sewickley, Pennsylvania
In Sewickley, 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 Beaver 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 Sewickley, 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 Sewickley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15143 has the highest and lowest median tax bill at $3,068.
Average Sewickley Assessed Value
$48,900
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | $24,000 | $34,300 | $48,900 | $80,600 | $117,460 |
Source: Ownwell
Property Tax Bills Across Sewickley, Pennsylvania
In Sewickley, property tax bills are calculated based on the assessed value of the property and the local tax rate set by Beaver County. The assessed value is determined by the county assessor and reflects a percentage of the market value of the property. Homeowners in Sewickley can expect a median property tax bill of $3,068, which is significantly higher than the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, size, and condition. For example, properties in the 25th percentile have tax bills around $2,152, while those in the 75th percentile see bills closer to $5,056. At the 90th percentile, tax bills can reach up to $7,369. These variations can significantly impact homeowners, affecting their monthly mortgage payments and overall housing affordability. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Sewickley Tax Bill
$3,068
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | $1,506 | $2,152 | $3,068 | $5,056 | $7,369 |
Source: Ownwell