Wexford, Pennsylvania Property Taxes
The median property tax rate in Wexford, PA is 5.36%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $18,900 in Wexford, the typical annual property tax bill reaches $1,014, surpassing the national median of $2,690. Property taxes in Wexford are calculated based on the assessed value, which often falls below the market value due to various exemptions such as 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 the city, 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
5.36%
Estimate Property Tax Bill
$1,013
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, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wexford is 5.36%, significantly higher than both the Pennsylvania state median and 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 counties in Pennsylvania and the national median. For comparison, the 15090 zip code has both the highest and lowest median property tax rate of 5.36%. Understanding how these cities compare with Wexford provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Wexford Tax Rate
5.36%
Average Crawford County Tax Rate
5.74%
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 | 5.36% | 5.36% | 5.36% | 5.36% | 5.36% |
Source: Ownwell
Property Tax Assessment Values Across Wexford, Pennsylvania
In Wexford, 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 local appraisal district 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. Being aware of these valuation processes in Wexford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill in Wexford is 15090, both at $1,014, highlighting a uniform tax landscape within the area.
Average Wexford Assessed Value
$18,900
Average Crawford County Assessed Value
$26,552
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 | $18,900 | $18,900 | $18,900 | $18,900 | $18,900 |
Source: Ownwell
Property Tax Bills Across Wexford, Pennsylvania
In Wexford, Crawford County, PA, property tax bills are calculated based on the assessed value of a home rather than its market value. The assessed value is determined by the county assessor and is used to calculate the amount of property tax owed. Factors such as the property's size, location, and any improvements made can influence this assessed value. For homeowners in Wexford, the median home price is $18,900, with a consistent median tax bill of $1,014 across various percentiles, which means most homeowners are likely to pay this amount annually. This figure is notably higher than the national median property tax rate of 0.99%. Having a clear understanding of these assessments and tax rates is crucial for homeowners, as it directly impacts their annual financial planning. By knowing what to expect in terms of property taxes, homeowners can better manage their budgets and plan for any potential increases in their tax bills.
Average Wexford Tax Bill
$1,014
Average Crawford County Tax Bill
$1,304
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 | $1,014 | $1,014 | $1,014 | $1,014 | $1,014 |
Source: Ownwell