Fayette City, Pennsylvania Property Taxes
The median property tax rate in Fayette City, PA is 2.13%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fayette City at $122,100, the typical annual property tax bill reaches $2,595, just below the national median of $2,690. Property taxes in Fayette City are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Fayette City'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 Fayette City 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
Fayette City, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$2,601
Ownwell’s Fayette City Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fayette City with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fayette City 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 Fayette City, Pennsylvania
Property taxes in Fayette City, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fayette City is 2.13%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Fayette City set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fayette City 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 Fayette City's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15438 zip code has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these areas compare with Fayette City provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fayette City Tax Rate
2.13%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fayette City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15438 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Fayette City, Pennsylvania
In Fayette City, 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 Washington 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 Fayette City, 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 Fayette City helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Fayette City is $122,100, with annual tax bills ranging from $2,442 at the 25th percentile to $2,668 at the 90th percentile. The highest and lowest median tax bills are both $2,595, found in zip code 15438.
Property Tax Assessment Values Across Fayette City, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Fayette City Assessed Value
$122,100
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fayette City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15438 | $110,580 | $114,900 | $122,100 | $124,250 | $125,540 |
Source: Ownwell
Property Tax Bills Across Fayette City, Pennsylvania
In Fayette City, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by local assessors who evaluate the property's market value. This value is then multiplied by the tax rate set by local authorities to calculate the annual tax bill. For instance, with a median home price of $122,100, homeowners can expect tax bills ranging from $2,442 at the 25th percentile to $2,668 at the 90th percentile. Factors influencing the tax bill include property size, location, and any improvements made to the property. Comparatively, the median property tax rate in Fayette City is higher than the national median of 0.99%, reflecting the specific fiscal needs and budget requirements of the area. Homeowners should be aware that these taxes fund essential services such as schools, infrastructure, and emergency services, directly impacting their community's quality of life. Understanding these factors can help homeowners anticipate their financial obligations and plan accordingly.
Average Fayette City Tax Bill
$2,595
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fayette City, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15438 | $2,350 | $2,442 | $2,595 | $2,641 | $2,668 |
Source: Ownwell