Venetia, Pennsylvania Property Taxes
The median property tax rate in Venetia, PA is 1.92%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Venetia at $351,500, the typical annual property tax bill reaches $6,741, exceeding the national median of $2,690. Property taxes in Venetia are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Venetia'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 Venetia 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
Venetia, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$6,749
Ownwell’s Venetia Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Venetia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Venetia to provide an estimate of your property tax bill. This valuable tool helps you understand potential tax liabilities. For those interested in more granular data, you can scroll down to find neighborhood-level trends. Your property’s assessed value is determined by Washington County for property tax purposes, taking into account any applicable exemptions.
Property Tax Rates Across Venetia, Pennsylvania
Property taxes in Venetia, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venetia is 1.92%, significantly higher than the U.S. national median of 0.99%. Local government entities within Venetia set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venetia 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 Venetia's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the 15367 zip code has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Venetia 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 Venetia Tax Rate
1.92%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Venetia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15367 | 1.92% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Venetia, Pennsylvania
In Venetia, 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 Venetia, 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. The median home price in Venetia is $351,500, with tax bills ranging from $4,373 at the 25th percentile to $12,142 at the 90th percentile. Notably, the highest and lowest median tax bills are both $6,741 in the 15367 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Venetia Assessed Value
$351,500
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 Venetia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15367 | $135,300 | $228,400 | $351,500 | $501,600 | $632,400 |
Source: Ownwell
Property Tax Bills Across Venetia, Pennsylvania
In Venetia, Washington County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. The tax rate, or millage rate, is then applied to this assessed value to determine the annual tax bill. For homeowners in Venetia, the median home price is $351,500. Property tax bills can vary significantly, with the 25th percentile paying around $4,373 and the 75th percentile facing bills up to $9,631. The 90th percentile of homeowners experience tax bills as high as $12,142. Compared to the national median property tax rate of 0.99%, Venetia's tax obligations can be substantial, impacting homeowners' monthly budgets and long-term financial planning. Understanding these factors is crucial for current and prospective homeowners in Venetia to manage their expenses effectively.
Average Venetia Tax Bill
$6,741
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Venetia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15367 | $2,598 | $4,373 | $6,741 | $9,631 | $12,142 |
Source: Ownwell