Wexford, Pennsylvania Property Taxes
The median property tax rate in Wexford, PA is 2.42%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Wexford at $277,200, the typical annual property tax bill reaches $6,751, significantly exceeding the national median of $2,690. Property taxes in Wexford 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 Wexford'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 Wexford or another part of Allegheny County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wexford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.42%
Estimate Property Tax Bill
$6,708
Ownwell’s Wexford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wexford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wexford 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 Wexford, Pennsylvania
Property taxes in Wexford, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wexford is 2.42%, significantly higher than the U.S. national median of 0.99%. Local government entities within Wexford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wexford 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 Wexford's effective property tax rate to other areas and the national median. For comparison, the zip code 15090 within Wexford has the highest median property tax rate of 2.42%, while also having the lowest median tax rate of 2.42%. Understanding how these values compare with Wexford 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 Wexford Tax Rate
2.42%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wexford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15090 | 2.29% | 2.37% | 2.42% | 2.49% | 2.57% |
Source: Ownwell
Property Tax Assessment Values Across Wexford, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wexford, PA. 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 Allegheny County 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 Wexford, 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. For instance, the median home price in Wexford is $277,200, and tax bills can range significantly, with the 25th percentile at $5,044 and the 75th percentile at $9,392. Identifying opportunities for protesting assessments or applying for exemptions can effectively manage the tax burden.
Average Wexford Assessed Value
$277,200
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 Wexford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15090 | $154,900 | $208,900 | $277,200 | $380,000 | $536,310 |
Source: Ownwell
Property Tax Bills Across Wexford, Pennsylvania
In Wexford, property tax bills are calculated based on the assessed value of a home, which is determined by Allegheny County. The median home price in Wexford is $277,200. To calculate the tax bill, the assessed value is multiplied by the local tax rate, which varies depending on the specific tax jurisdictions within the county. Factors such as property size, location, and any improvements made to the property also play a role in determining the assessed value. For homeowners in Wexford, the property tax bill can vary significantly. For example, the tax bill at the 25th percentile is $5,044, while at the 75th percentile, it jumps to $9,392. The 90th percentile sees an even higher tax bill of $13,333. This variability can have a substantial impact on a homeowner's annual expenses. Comparatively, the national median property tax rate is 0.99%, making Wexford's property taxes relatively high. Understanding these factors can help homeowners better anticipate their financial obligations and plan accordingly.
Average Wexford Tax Bill
$6,751
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wexford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15090 | $3,580 | $5,044 | $6,751 | $9,392 | $13,333 |
Source: Ownwell