Boswell, Pennsylvania Property Taxes
The median property tax rate in Boswell, PA is 11.24%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Boswell being $19,670, the typical annual property tax bill reaches $2,211, nearing the national median of $2,690. Property taxes in Boswell 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 Boswell'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 Boswell 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
Boswell, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.24%
Estimate Property Tax Bill
$2,211
-$23,170
Ownwell’s Boswell Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Boswell with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Boswell 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 Boswell, Pennsylvania
Property taxes in Boswell, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Boswell is 11.24%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Boswell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Boswell 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 Boswell's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15531 zip code has the highest median property tax rate of 11.24%, while the same zip code also has the lowest median tax rate of 11.24%. Understanding how these areas compare with Boswell provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Boswell Tax Rate
11.24%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Boswell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15531 | 11.24% | 11.24% | 11.24% | 11.24% | 11.24% |
Source: Ownwell
Property Tax Assessment Values Across Boswell, Pennsylvania
In Boswell, 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 Westmoreland 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 Boswell, 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 Boswell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15531 has both the highest and lowest median tax bills at $2,211.
Average Boswell Assessed Value
$19,670
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Boswell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15531 | $13,970 | $15,910 | $19,670 | $22,025 | $23,120 |
Source: Ownwell
Property Tax Bills Across Boswell, Pennsylvania
In Boswell, property tax bills are calculated based on the assessed value of a home, which is determined by the Westmoreland County tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $19,670, homeowners in Boswell can expect varying tax bills. The 25th percentile tax bill is approximately $1,788, while the 75th percentile reaches up to $2,475. The 90th percentile tax bill is around $2,598, indicating higher taxes for more valuable properties. Compared to the national median property tax rate of 0.99%, Boswell’s property tax rates can significantly impact homeowners, especially those with homes in the higher value range. The highest and lowest median tax bills in the area both stand at $2,211, highlighting some consistency within the region. These factors collectively influence the financial responsibilities of homeowners, making it crucial to understand how property assessments and local tax rates affect their annual tax obligations.
Average Boswell Tax Bill
$2,211
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Boswell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15531 | $1,570 | $1,788 | $2,211 | $2,475 | $2,598 |
Source: Ownwell