Taylorstown, Pennsylvania Property Taxes
The median property tax rate in Taylorstown, PA is 1.70%, 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 Taylorstown at $108,100, the typical annual property tax bill reaches $1,833, falling below the national median of $2,690. Property taxes in Taylorstown 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 Taylorstown'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 Taylorstown or another part of Washington County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Taylorstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.7%
Estimate Property Tax Bill
$1,838
Ownwell’s Taylorstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Taylorstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Taylorstown 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 Taylorstown, Pennsylvania
Property taxes in Taylorstown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Taylorstown is 1.70%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Taylorstown set these rates annually, and they can vary notably across different neighborhoods. Each year, Taylorstown 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 Taylorstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15365 has both the highest and lowest median property tax rate of 1.70%, illustrating the uniformity within the region. Understanding how these cities compare with Taylorstown 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 Taylorstown Tax Rate
1.70%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Taylorstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15365 | 1.70% | 1.70% | 1.70% | 1.70% | 1.70% |
Source: Ownwell
Property Tax Assessment Values Across Taylorstown, Pennsylvania
In Taylorstown, 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 Taylorstown, 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 Taylorstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Taylorstown is $1,833 in the zip code 15365.
Property Tax Assessment Values Across Taylorstown, Pennsylvania
Source: Ownwell
$19,250
$193,475
$367,700
Average Taylorstown Assessed Value
$108,100
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 Taylorstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15365 | $73,670 | $88,850 | $108,100 | $130,550 | $152,460 |
Source: Ownwell
Property Tax Bills Across Taylorstown, Pennsylvania
In Taylorstown, located in Washington County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Taylorstown can expect varying tax bills depending on their property's assessed value and the local tax rate. For instance, the median home price in Taylorstown is $108,100. Property tax bills can range significantly, with the 25th percentile at $1,507 and the 75th percentile at $2,214. At the higher end, the 90th percentile tax bill can reach up to $2,586. These figures highlight the variability in tax obligations across different properties within the city. Compared to the national median property tax rate of 0.99%, homeowners in Taylorstown experience a range of tax bills that reflect their property values and the local tax rate. Understanding these factors is crucial for homeowners as they directly influence the annual cost of owning property in Taylorstown.
Average Taylorstown Tax Bill
$1,833
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Taylorstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15365 | $1,249 | $1,507 | $1,833 | $2,214 | $2,586 |
Source: Ownwell