Wyano, Pennsylvania Property Taxes
The median property tax rate in Wyano, PA is 11.78%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Wyano at $7,910, the typical annual property tax bill reaches $930, which is below the national median of $2,690. Property taxes in Wyano 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 Wyano'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 Wyano 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
Wyano, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.78%
Estimate Property Tax Bill
$932
-$9,765
Ownwell’s WYANO Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in WYANO with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in WYANO 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 Wyano, Pennsylvania
Property taxes in Wyano, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Wyano is 11.78%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Wyano set these rates annually, and they can vary significantly across different neighborhoods. Each year, Wyano 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 Wyano's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the ZIP code 15695 has the highest median property tax rate of 11.78%, while the same ZIP code also has the lowest median tax rate of 11.78%. Understanding how these cities compare with Wyano 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 Wyano Tax Rate
11.78%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Wyano, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15695 | 11.78% | 11.78% | 11.78% | 11.78% | 11.78% |
Source: Ownwell
Property Tax Assessment Values Across Wyano, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Wyano, Pennsylvania. 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 Wyano, 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 Wyano helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15695 has the highest and lowest median tax bill at $930.
Average Wyano Assessed Value
$7,910
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 Wyano, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15695 | $4,310 | $6,215 | $7,910 | $11,380 | $16,200 |
Source: Ownwell
Property Tax Bills Across Wyano, Pennsylvania
In the city of Wyano, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of your home. The local government assesses your property to determine its value, which is then multiplied by the local tax rate to calculate your annual tax bill. Factors such as property size, location, and market conditions influence the assessed value. For homeowners in Wyano, the median home price is $7,910. Property tax bills in this area vary, with the 25th percentile at $730, the 75th percentile at $1,343, and the 90th percentile reaching up to $1,911. The highest and lowest median tax bills in the region are both $930, found in the zip code 15695. Compared to the national median property tax rate of 0.99%, the tax rates in Wyano can have a significant impact on homeowners, affecting everything from monthly budgets to long-term financial planning. Understanding these factors can help homeowners better manage their expenses and plan for the future.
Average Wyano Tax Bill
$930
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Wyano, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15695 | $506 | $730 | $930 | $1,343 | $1,911 |
Source: Ownwell