Wabash, Pennsylvania Property Taxes
The median property tax rate in Wabash, PA is 2.61%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $145,100, the typical annual property tax bill in Wabash reaches $3,791, surpassing the national median of $2,690. Property taxes in Wabash are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Wabash'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 Wabash 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
Wabash, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.61%
Estimate Property Tax Bill
$3,787
Ownwell’s Wabash Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wabash with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wabash 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 Wabash, Pennsylvania
Property taxes in Wabash, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wabash is 2.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wabash set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wabash 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 Wabash's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15220 zip code has the highest median property tax rate of 2.61%, while the same zip code also has the lowest median tax rate of 2.61%. Understanding how these cities compare with Wabash provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wabash Tax Rate
2.61%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wabash, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15220 | 2.51% | 2.52% | 2.61% | 2.65% | 2.67% |
Source: Ownwell
Property Tax Assessment Values Across Wabash, Pennsylvania
In Wabash, 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 Allegheny 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 Wabash, 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 Wabash helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $3,791 in zip code 15220, while the lowest is also $3,791 in the same zip code.
Average Wabash Assessed Value
$145,100
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Wabash, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15220 | $112,780 | $115,900 | $145,100 | $161,800 | $164,260 |
Source: Ownwell
Property Tax Bills Across Wabash, Pennsylvania
In Wabash, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the final tax bill. Several factors influence this calculation, including the property's market value, location, and any applicable exemptions or deductions. For instance, in Wabash, the median home price is $145,100, and property tax bills can vary significantly. Homeowners at the 25th percentile pay around $2,920 annually, while those at the 75th percentile see bills closer to $4,289. At the 90th percentile, the tax bill can reach up to $4,585. Comparatively, the national median property tax rate is 0.99%, making Wabash's rates relatively high. This can significantly impact homeowners, particularly those on fixed incomes or with lower property values, as they shoulder a proportionally larger tax burden. Understanding these dynamics is crucial for homeowners looking to manage their expenses effectively.
Average Wabash Tax Bill
$3,791
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wabash, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15220 | $2,827 | $2,920 | $3,791 | $4,289 | $4,585 |
Source: Ownwell