Finleyville, Pennsylvania Property Taxes
The median property tax rate in Finleyville, PA is 1.88%, significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $133,100 in Finleyville, the typical annual property tax bill is approximately $2,492, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Finleyville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Finleyville or elsewhere in Washington County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Finleyville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$2,502
Ownwell’s Finleyville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Finleyville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Finleyville 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 Finleyville, Pennsylvania
Property taxes in Finleyville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Finleyville is 1.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Finleyville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Finleyville 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 Finleyville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15332 has the highest median property tax rate of 1.88%, while the lowest median tax rate is also 1.88% in the same zip code. Understanding how these areas compare with Finleyville provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Finleyville Tax Rate
1.88%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | 1.86% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Finleyville, Pennsylvania
In Finleyville, 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 Washington 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 Finleyville, 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 Finleyville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 15332 zip code has the highest and lowest median tax bill at $2,492, compared to the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Finleyville, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Finleyville Assessed Value
$133,100
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | $16,150 | $87,125 | $133,100 | $177,475 | $238,800 |
Source: Ownwell
Property Tax Bills Across Finleyville, Pennsylvania
In Finleyville, Washington County, PA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local tax rate, known as the millage rate, is then applied to this assessed value to determine the tax bill. Finleyville homeowners see a wide range in their property tax bills, with the 25th percentile paying around $1,638 and the 75th percentile reaching $3,328. At the 90th percentile, tax bills can climb up to $4,481. Factors influencing the tax bill include the home's assessed value, any applicable exemptions, and the specific millage rate set by local taxing authorities. For example, in the zip code 15332, the median tax bill is $2,492. This variability can significantly impact homeowners, as higher property taxes can increase the overall cost of owning a home. Compared to the national median property tax rate of 0.99%, Finleyville's rates can vary, affecting affordability and financial planning for residents.
Average Finleyville Tax Bill
$2,492
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Finleyville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15332 | $303 | $1,638 | $2,492 | $3,328 | $4,481 |
Source: Ownwell