Conway, Pennsylvania Property Taxes
The median property tax rate in Conway, PA is 6.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Conway at $44,200, the typical annual property tax bill reaches $2,716, just below the national median of $2,690. Property taxes in Conway 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 Conway'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 Conway 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
Conway, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.15%
Estimate Property Tax Bill
$2,718
Ownwell’s Conway Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Conway with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Conway 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 Conway, Pennsylvania
Property taxes in Conway, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Conway is 6.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Conway set these rates annually, and they can vary significantly across different neighborhoods. Each year, Conway 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 Conway's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15027 zip code has the highest median property tax rate of 6.15%, while the same zip code also has the lowest median tax rate of 6.15%. Understanding how these cities compare with Conway provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Conway Tax Rate
6.15%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Conway, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15027 | 6.14% | 6.14% | 6.15% | 6.15% | 6.15% |
Source: Ownwell
Property Tax Assessment Values Across Conway, Pennsylvania
In Conway, 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 Beaver 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. 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 Conway helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $2716, found in the 15027 zip code.
Average Conway Assessed Value
$44,200
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Conway, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15027 | $24,820 | $34,000 | $44,200 | $52,200 | $62,180 |
Source: Ownwell
Property Tax Bills Across Conway, Pennsylvania
In Conway, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in Conway is $44,200. Homeowners in Conway can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $2,089, while at the 75th percentile, it rises to $3,208. At the 90th percentile, the tax bill can be as high as $3,821. These figures are notably higher than the national median property tax rate of 0.99%. The assessed value of a property is determined by the county assessor's office, which evaluates the property's market value. Various factors influence the assessed value, including the property's location, size, and condition. Once the assessed value is determined, the local tax rate is applied to calculate the final tax bill. Homeowners must budget for these expenses, as property taxes can significantly impact their annual financial planning. Understanding these factors can help homeowners anticipate and manage their property tax obligations more effectively.
Average Conway Tax Bill
$2,716
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Conway, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15027 | $1,525 | $2,089 | $2,716 | $3,208 | $3,821 |
Source: Ownwell