Seward, Pennsylvania Property Taxes
The median property tax rate in Seward, PA is 11.74%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Seward at $10,205, the typical annual property tax bill reaches $1,256, surpassing the national median of $2,690. Property taxes in Seward are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Seward'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 Seward 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
Seward, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.74%
Estimate Property Tax Bill
$1,198
-$12,556
Ownwell’s Seward Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and prospective buyers to estimate their annual property taxes in Seward with just two data points. By inputting your property's estimated assessed value, the calculator uses the median tax rate in Seward to provide an estimated property tax bill. This insightful tool helps you understand potential tax liabilities, giving you a clearer financial picture. For those interested in trends at the neighborhood level, additional localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Seward, Pennsylvania
Property taxes in Seward, Pennsylvania, play a crucial role in supporting essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Seward is 11.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Seward set these rates annually, and they can vary significantly across different neighborhoods. Each year, Seward 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 Seward's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15954 zip code has the highest median property tax rate of 11.74%, while the same zip code also has the lowest median tax rate of 11.74%. Understanding how these cities compare with Seward 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 Seward Tax Rate
11.74%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Seward, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15954 | 11.74% | 11.74% | 11.74% | 12.94% | 12.94% |
Source: Ownwell
Property Tax Assessment Values Across Seward, Pennsylvania
In Seward, 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 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 Seward, 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 Seward helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15954, with a median tax bill of $1,256, while the lowest is also 15954, with the same median tax bill of $1,256.
Average Seward Assessed Value
$10,205
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 Seward, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15954 | $3,135 | $6,365 | $10,205 | $15,045 | $22,855 |
Source: Ownwell
Property Tax Bills Across Seward, Pennsylvania
In Seward, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's size, location, and condition influence its assessed value. For homeowners in Seward, the median home price is $10,205, resulting in varying tax bills. The tax bill at the 25th percentile is $777, while at the 75th percentile, it rises to $1,832. For those in the 90th percentile, the tax bill can reach up to $2,721. These figures highlight the range of property tax burdens homeowners may face. Comparatively, the national median property tax rate is 0.99%, which can help homeowners understand how Seward's rates stack up against broader trends. The highest and lowest median tax bills in the area are both $1,256, found in the 15954 zip code, indicating some consistency in tax assessments within the region.
Average Seward Tax Bill
$1,256
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Seward, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15954 | $410 | $777 | $1,256 | $1,832 | $2,721 |
Source: Ownwell