Prosperity, Washington County, Pennsylvania Property Taxes
The median property tax rate in Prosperity, PA is 1.64%, notably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $125,400 in Prosperity, the typical annual property tax bill amounts to $2,064, which is still below the national median of $2,690. Property taxes in Prosperity are calculated based on the tax assessed value, often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Prosperity'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 Prosperity or another part of Washington County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Prosperity, Washington County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.64%
Estimate Property Tax Bill
$2,057
$1,908
Ownwell’s Prosperity Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Prosperity with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Prosperity 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 Prosperity, Washington County, Pennsylvania
Property taxes in Prosperity, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Prosperity is 1.64%, significantly higher than the U.S. national median of 0.99%. Local government entities within Prosperity set these rates annually, and they can vary significantly across different neighborhoods. Each year, Prosperity 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 Prosperity's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15329 has the highest median property tax rate of 1.64%, while the same zip code has the lowest median tax rate of 1.64%. Understanding how these cities compare with Prosperity 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 Prosperity Tax Rate
1.64%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Prosperity, Washington County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15329 | 1.64% | 1.64% | 1.64% | 1.64% | 1.67% |
Source: Ownwell
Property Tax Assessment Values Across Prosperity, Washington County, Pennsylvania
In Prosperity, 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 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 Prosperity, 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. The median home price in Prosperity is $125,400, with tax bills ranging from $1,270 at the 25th percentile to $4,163 at the 90th percentile. The zip code 15329 has the highest and lowest median tax bill at $2,064. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Prosperity, Washington County, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Prosperity Assessed Value
$125,400
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 Prosperity, Washington County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15329 | $18,000 | $77,500 | $125,400 | $180,000 | $253,700 |
Source: Ownwell
Property Tax Bills Across Prosperity, Washington County, Pennsylvania
In Prosperity, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government authorities. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $125,400, homeowners in Prosperity can expect varying tax bills depending on their property's assessed value and specific circumstances. The tax bill in Prosperity ranges significantly, with the 25th percentile at $1,270 and the 75th percentile reaching $2,985. At the higher end, the 90th percentile tax bill can be as much as $4,163. These values indicate that while some homeowners pay below the national median property tax rate of 0.99%, others may find their tax bills considerably higher. The property tax rate in Washington County, where Prosperity is located, results in a median tax bill of $2,064, which can impact homeowners' financial planning and budgeting. Understanding these factors is crucial for homeowners to anticipate their annual property tax obligations accurately.
Property Tax Bills Across Prosperity, Washington County, Pennsylvania
Source: Ownwell
$342
$3,701
$7,060
Average Prosperity Tax Bill
$2,064
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Prosperity, Washington County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15329 | $295 | $1,270 | $2,064 | $2,985 | $4,163 |
Source: Ownwell