West Finley, Pennsylvania Property Taxes
The median property tax rate in West Finley, PA is 1.60%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in West Finley, the typical annual property tax bill reaches $2,078, which is below the national median of $2,690. Property taxes in West Finley 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 West Finley'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 West Finley 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
West Finley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$2,043
Ownwell’s West Finley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in West Finley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in West Finley 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 West Finley, Pennsylvania
Property taxes in West Finley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in West Finley is 1.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within West Finley set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Finley 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 West Finley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15377 zip code has both the highest and lowest median property tax rate of 1.60%. Understanding how these areas compare with West Finley 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 West Finley Tax Rate
1.60%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Finley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15377 | 1.60% | 1.60% | 1.60% | 1.64% | 1.64% |
Source: Ownwell
Property Tax Assessment Values Across West Finley, Pennsylvania
In West Finley, 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 West Finley, 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 West Finley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15377 has the highest and lowest median tax bill at $2,078.
Property Tax Assessment Values Across West Finley, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average West Finley Assessed Value
$127,700
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 West Finley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15377 | $39,700 | $71,250 | $127,700 | $193,100 | $244,800 |
Source: Ownwell
Property Tax Bills Across West Finley, Pennsylvania
Property tax bills in West Finley, Washington County, PA are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by county assessors who evaluate the market value of the home. For instance, the median home price in West Finley is $127,700. The tax rate is then applied to this assessed value to determine the annual tax bill. Homeowners in West Finley experience varying tax bills depending on the assessed value of their property. For example, the 25th percentile tax bill is $1,151, while the 75th percentile tax bill is $3,127, and the 90th percentile tax bill reaches $3,907. Compared to the national median property tax rate of 0.99%, West Finley's tax rates can significantly impact homeowners' finances. The highest and lowest median tax bills in the region are both $2,078, indicating some consistency in property tax assessments. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly affecting the quality of life for residents.
Average West Finley Tax Bill
$2,078
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across West Finley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15377 | $648 | $1,151 | $2,078 | $3,127 | $3,907 |
Source: Ownwell