Westline, Pennsylvania Property Taxes
The median property tax rate in Westline, PA is 3.79%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Westline, the typical annual property tax bill reaches $685, surpassing the national median of $2,690. Property taxes in Westline 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 Westline'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 Westline 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
Westline, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.79%
Estimate Property Tax Bill
$685
Ownwell’s Westline Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westline with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westline 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 Westline, Pennsylvania
Property taxes in Westline, Pennsylvania, are essential for funding crucial local services, including public schools, road maintenance, and emergency services. The median tax rate in Westline is 3.79%, significantly higher than the U.S. national median of 0.99%. Local government entities within Westline set these rates annually, and they can vary across different neighborhoods. Each year, Westline 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 Westline's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16740 has the highest median property tax rate of 3.79%, while the same zip code also records the lowest median tax rate of 3.79%. Understanding how these areas compare with Westline provides valuable insights into the varying tax landscape across McKean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring regions.
Average Westline Tax Rate
3.79%
Average Mckean County Tax Rate
3.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Westline, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16740 | 3.79% | 3.79% | 3.79% | 3.79% | 3.79% |
Source: Ownwell
Property Tax Assessment Values Across Westline, Pennsylvania
In Westline, 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 McKean County 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 Westline, 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 Westline 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 is 16740, with a median tax bill of $685.
Average Westline Assessed Value
$18,080
Average Mckean County Assessed Value
$23,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Westline, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16740 | $4,660 | $11,050 | $18,080 | $39,420 | $43,990 |
Source: Ownwell
Property Tax Bills Across Westline, Pennsylvania
In Westline, McKean County, PA, property tax bills are determined based on the assessed value of a home rather than its market value. The assessed value is calculated by local officials and is used as the basis for the tax rate, which is then applied to determine the annual tax bill. For instance, a home with a median price of $18,080 might see tax bills ranging from $418 at the 25th percentile to $1,493 at the 75th percentile. At the 90th percentile, tax bills can reach $1,666. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or abatements. Homeowners in Westline should be aware that the local property tax rate can significantly impact their annual expenses. While the national median property tax rate stands at 0.99%, the specific rates in McKean County may vary, affecting the overall affordability and financial planning for homeowners in the area. Understanding these factors is crucial for effective budgeting and long-term financial stability.
Average Westline Tax Bill
$685
Average Mckean County Tax Bill
$784
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Westline, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16740 | $176 | $418 | $685 | $1,493 | $1,666 |
Source: Ownwell