Strabane, Pennsylvania Property Taxes
The median property tax rate in Strabane, PA is 1.60%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Strabane, the typical annual property tax bill reaches $1,661, which is below the national median of $2,690. Property taxes in Strabane 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 Strabane'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 Strabane 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
Strabane, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,662
Ownwell’s Strabane Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Strabane with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Strabane 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 Strabane, Pennsylvania
Property taxes in Strabane, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Strabane is 1.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Strabane set these rates annually, and they can vary significantly across different neighborhoods. Each year, Strabane 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 Strabane's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15363 has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these areas compare with Strabane 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 Strabane Tax Rate
1.60%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Strabane, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15363 | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Strabane, Pennsylvania
In Strabane, 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 Strabane, 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. For instance, zip code 15363 has the highest median tax bill at $1,661, while the lowest median tax bill is also $1,661 in the same zip code. 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 Strabane helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Strabane Assessed Value
$103,900
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 Strabane, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15363 | $63,880 | $83,125 | $103,900 | $125,300 | $148,410 |
Source: Ownwell
Property Tax Bills Across Strabane, Pennsylvania
In Strabane, located in Washington County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The median home price in Strabane is $103,900, which serves as a basis for these calculations. Homeowners in the area can expect their tax bills to vary significantly, with the 25th percentile tax bill at $1,327 and the 75th percentile reaching $2,006. The 90th percentile tax bill can go up to $2,369, indicating a considerable range depending on property values and specific assessments. Factors influencing the tax bill include the market value of the property, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Strabane's property taxes can be relatively higher or lower based on individual circumstances. These tax bills impact homeowners by affecting their overall housing costs, potentially influencing decisions on property improvements, sales, and long-term residency plans.
Average Strabane Tax Bill
$1,661
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Strabane, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15363 | $1,020 | $1,327 | $1,661 | $2,006 | $2,369 |
Source: Ownwell