West Springfield, Pennsylvania Property Taxes
The median property tax rate in West Springfield, PA is 1.82%, considerably higher than the national median of 0.99% but lower than Pennsylvania's state median of 2.81%. With the median home value in West Springfield at $92,080, the typical annual property tax bill reaches $1,672, still below the national median of $2,690. Property taxes in West Springfield 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 Springfield'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 Springfield 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 Springfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$1,676
Ownwell’s WEST SPRINGFIELD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WEST SPRINGFIELD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WEST SPRINGFIELD 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 Springfield, Pennsylvania
Property taxes in West Springfield, Pennsylvania, play a crucial role in financing essential local services, including public schools, road maintenance, and emergency services. The median tax rate in West Springfield is 1.82%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within West Springfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, West Springfield 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 Springfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16443 zip code has the highest median property tax rate of 1.82%, while the 16443 zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with West Springfield provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average West Springfield Tax Rate
1.82%
Average Erie County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across West Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16443 | 1.82% | 1.82% | 1.82% | 1.82% | 1.82% |
Source: Ownwell
Property Tax Assessment Values Across West Springfield, Pennsylvania
In West Springfield, 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 Erie 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 Springfield, 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 Springfield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16443 has both the highest and lowest median tax bill at $1,672.
Property Tax Assessment Values Across West Springfield, Pennsylvania
Source: Ownwell
$33,860
$103,725
$173,590
Average West Springfield Assessed Value
$92,080
Average Erie County Assessed Value
$98,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across West Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16443 | $6,820 | $46,460 | $92,080 | $117,600 | $143,132 |
Source: Ownwell
Property Tax Bills Across West Springfield, Pennsylvania
In West Springfield, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in West Springfield, the median home price stands at $92,080. Property tax bills in this area show significant variation, with the 25th percentile at $861 and the 75th percentile at $2,135. At the 90th percentile, tax bills can reach up to $2,601. Compared to the national median property tax rate of 0.99%, West Springfield's tax rates can be both a burden and a benefit, depending on the property's assessed value and the homeowner's financial situation. High property taxes can impact monthly budgets, while lower rates may make homeownership more affordable. Understanding these factors helps homeowners plan and manage their finances effectively.
Average West Springfield Tax Bill
$1,672
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across West Springfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16443 | $130 | $861 | $1,672 | $2,135 | $2,601 |
Source: Ownwell