Wampum, Beaver County, Pennsylvania Property Taxes
The median property tax rate in Wampum, PA is 5.48%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Wampum at $39,900, the typical annual property tax bill reaches $2,185, which is below the national median of $2,690. Property taxes in Wampum are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Wampum'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 Wampum or another part of Beaver County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Wampum, Beaver County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.48%
Estimate Property Tax Bill
$2,187
$2,029
Ownwell’s Wampum Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Wampum with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Wampum 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 Wampum, Beaver County, Pennsylvania
Property taxes in Wampum, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Wampum is 5.48%, considerably higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wampum set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wampum 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 Wampum's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16157 has the highest median property tax rate of 5.48%, while the same zip code also has the lowest median tax rate of 5.48%. Understanding how these areas compare with Wampum 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 Wampum Tax Rate
5.48%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wampum, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16157 | 5.47% | 5.47% | 5.47% | 5.48% | 5.48% |
Source: Ownwell
Property Tax Assessment Values Across Wampum, Beaver County, Pennsylvania
In Wampum, 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. In Wampum, 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 Wampum helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $2,185 in the 16157 zip code, showcasing a consistent tax landscape within the area.
Property Tax Assessment Values Across Wampum, Beaver County, Pennsylvania
Source: Ownwell
$30,800
$58,900
$87,000
Average Wampum Assessed Value
$39,900
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 Wampum, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16157 | $11,660 | $26,900 | $39,900 | $51,100 | $66,840 |
Source: Ownwell
Property Tax Bills Across Wampum, Beaver County, Pennsylvania
In Wampum, located in Beaver County, PA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors such as property size, location, and improvements can influence the assessed value. For homeowners in Wampum, the median home price is $39,900. Property tax bills vary significantly, with the 25th percentile tax bill at $1,473 and the 75th percentile reaching $2,809. At the higher end, the 90th percentile tax bill is $3,659. The highest median tax bill in the area is $2,185, which is notably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services, including schools, public safety, and infrastructure, directly impacting the community's quality of life. Homeowners need to be aware of these costs as they can significantly affect their annual budget.
Average Wampum Tax Bill
$2,185
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wampum, Beaver County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16157 | $638 | $1,473 | $2,185 | $2,809 | $3,659 |
Source: Ownwell