Forbes Road, Pennsylvania Property Taxes
The median property tax rate in Forbes Road, PA is 11.92%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Forbes Road, the typical annual property tax bill reaches $677, exceeding the national median of $2,690. Property taxes in Forbes Road 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 Forbes Road'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 Forbes Road 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
Forbes Road, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.92%
Estimate Property Tax Bill
$677
-$7,096
Ownwell’s Forbes Road Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forbes Road with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forbes Road 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 Forbes Road, Pennsylvania
Property taxes in Forbes Road, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forbes Road is 11.92%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Forbes Road set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forbes Road 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 Forbes Road's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15633 zip code has the highest median property tax rate of 11.92%, while the same zip code also has the lowest median tax rate of 11.92%. Understanding how these cities compare with Forbes Road 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 Forbes Road Tax Rate
11.92%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forbes Road, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15633 | 11.92% | 11.92% | 11.92% | 11.92% | 11.92% |
Source: Ownwell
Property Tax Assessment Values Across Forbes Road, Pennsylvania
In Forbes Road, Pennsylvania, grasping the difference between "market value" and "assessed value" is essential for understanding property taxes. Market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors such as location, property condition, and economic trends. This value is estimated by the local 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 Forbes Road, 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 Forbes Road helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $677 in zip code 15633, which is also the lowest median tax bill, highlighting the consistent tax environment within the region.
Average Forbes Road Assessed Value
$5,680
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 Forbes Road, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15633 | $3,370 | $4,305 | $5,680 | $8,105 | $10,490 |
Source: Ownwell
Property Tax Bills Across Forbes Road, Pennsylvania
Property tax bills in Forbes Road, located in Westmoreland County, PA, are calculated based on the assessed value of the property and the local tax rate. The assessed value is determined by the county assessor and reflects the market value of the property. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Factors influencing the tax bill include the property's size, location, and any improvements or renovations that have been made. Homeowners in Forbes Road can expect tax bills to vary widely depending on these factors. For example, tax bills in the 25th percentile are around $513, while those in the 75th percentile reach up to $946. At the 90th percentile, tax bills can be as high as $1,251. Compared to the national median property tax rate of 0.99%, homeowners in Forbes Road may find their property tax bills to be relatively moderate. Understanding these factors helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Forbes Road Tax Bill
$677
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Forbes Road, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15633 | $402 | $513 | $677 | $946 | $1,251 |
Source: Ownwell