Sewickley, Pennsylvania Property Taxes
The median property tax rate in Sewickley, PA is 2.67%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sewickley at $278,800, the typical annual property tax bill reaches $7,321, exceeding the national median of $2,690. Property taxes in Sewickley 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 Sewickley'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 Sewickley 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
Sewickley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.67%
Estimate Property Tax Bill
$7,444
Ownwell’s Sewickley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sewickley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sewickley 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 Sewickley, Pennsylvania
Property taxes in Sewickley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sewickley is 2.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sewickley set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sewickley 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 Sewickley's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15143 has the highest median property tax rate of 2.67%, while the same zip code also has the lowest median tax rate of 2.67%. Understanding how these areas compare with Sewickley 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 Sewickley Tax Rate
2.67%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | 2.40% | 2.48% | 2.67% | 2.86% | 3.02% |
Source: Ownwell
Property Tax Assessment Values Across Sewickley, Pennsylvania
In Sewickley, 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 Office of Property Assessments 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. Assessment notices in Sewickley 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 Sewickley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sewickley is $7,321, while the lowest median tax bill is also $7,321, both in the 15143 zip code.
Average Sewickley Assessed Value
$278,800
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 Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | $118,620 | $166,150 | $278,800 | $433,800 | $644,640 |
Source: Ownwell
Property Tax Bills Across Sewickley, Pennsylvania
In Sewickley, Allegheny County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office and is a percentage of the property's market value. Homeowners in Sewickley face property tax bills that vary significantly, reflecting the range of home values and assessment rates within the area. Several factors influence the tax bill, including the property's assessed value, the local tax rate, and any applicable exemptions or deductions. For example, the 25th percentile tax bill in Sewickley is $4,431, while the 75th percentile tax bill reaches $11,831, and the 90th percentile tax bill climbs to $18,064. These figures highlight the variability in tax burdens among homeowners. Compared to the national median property tax rate of 0.99%, Sewickley's tax rates can result in higher bills for homeowners, especially in areas with higher property values. This has a direct impact on homeowners, influencing their overall cost of living and potentially affecting their decisions on property investments.
Average Sewickley Tax Bill
$7,321
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sewickley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15143 | $3,107 | $4,431 | $7,321 | $11,831 | $18,064 |
Source: Ownwell