Smithfield, Fayette County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Smithfield, Fayette County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Smithfield, PA's effective property tax rate is 0.83%, significantly lower than the national median of 1.02% and the Pennsylvania state median of 2.81%. The median home value in Smithfield is $53,920. The median annual tax bill in Smithfield is $425, which is $1,975 lower than the national median property tax bill of $2,400. Property taxes in Fayette County are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption. Understanding Smithfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Smithfield, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Smithfield, Fayette County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.83%

Estimate Property Tax Bill

$448

$415

Ownwell’s Smithfield Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Smithfield with just two data points. By entering your property's estimated assessed value, our calculator applies Smithfield’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Smithfield, Fayette County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services and dividing that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is essentially how it works each year.

In Smithfield, Fayette County, Pennsylvania, the effective property tax rate is 0.83%. This rate is competitive compared to other cities in Pennsylvania and below the national median property tax rate of 1.02%. The median property tax bill in Smithfield is also lower than the national median of $2400. This makes Smithfield an attractive option for homeowners looking to save on property taxes.

Understanding these rates can help homeowners make informed decisions about where to live and how to budget for property taxes. Comparing Smithfield's rates to both state and national figures illustrates the potential savings for residents, making it a noteworthy consideration for potential homebuyers.

Property Tax Rates Across Smithfield, Fayette County, Pennsylvania

Source: Ownwell

0.71%

1.69%

2.66%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Smithfield Tax Rate

0.83%

Median Effective Fayette County Tax Rate

0.87%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Smithfield, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15478	0.74%	0.78%	0.83%	0.84%	0.85%

Source: Ownwell

Property Tax Assessment Values Across Smithfield, Fayette County, Pennsylvania

When examining property taxes in Smithfield, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fayette County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Smithfield. For example, the median home price in Smithfield is $53,920, with tax bills ranging significantly across the county. Zip code 15478 has the highest median home price at $53,920.

Property Tax Assessment Values Across Smithfield, Fayette County, Pennsylvania

Source: Ownwell

$15,915

$59,673

$103,430

Median Smithfield Market Value

$53,920

Median Fayette County Market Value

$51,500

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Smithfield, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15478	$11,900	$29,150	$53,920	$90,480	$132,540

Source: Ownwell

Property Tax Bills Across Smithfield, Fayette County, Pennsylvania

In Smithfield, Fayette County, PA, property tax bills are calculated based on the assessed value of a property. The local tax rate is applied to this value to determine the annual tax bill. Several factors influence this calculation, including property location and market trends. The median home price in Smithfield is $53,920, which is significantly lower than the national average. Consequently, property tax bills here are relatively low. The 25th percentile tax bill is $221, while the 75th percentile reaches $710, and the 90th percentile is $1,055. These figures are below the national median property tax bill of $2,400. Homeowners in Smithfield can benefit from appealing their property tax assessments to ensure they are not overpaying. Ownwell specializes in providing property tax appeal and exemption services, helping homeowners reduce their tax burden. By leveraging expert knowledge and local insights, Ownwell assists property owners in securing fair assessments, potentially lowering their annual tax bills and saving money in the long run.

Property Tax Bills Across Smithfield, Fayette County, Pennsylvania

Source: Ownwell

$176

$758

$1,339

Median Smithfield Tax Bill

$425

Median Fayette County Tax Bill

$548

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Smithfield, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15478	$86	$221	$425	$710	$1,055

Source: Ownwell