Waltersburg, Fayette County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Waltersburg, Fayette County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Waltersburg, PA effective property tax rate: 0.87%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Waltersburg, PA home value: $44,770
Median annual Waltersburg, PA tax bill: $399, $2,001 lower than the national median property tax bill of $2,400.

How are property taxes in Fayette calculated?

Property taxes in Waltersburg, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding Waltersburg’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Waltersburg, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Waltersburg, Fayette County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.28%

Estimate Property Tax Bill

$581

$539

Ownwell’s Waltersburg Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Waltersburg with just two data points.

By entering your property's estimated assessed value, our calculator applies Waltersburg’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Fayette County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Waltersburg, Fayette County, Pennsylvania

Local government entities in Waltersburg, Fayette County, set property tax rates, which can differ significantly within Pennsylvania. Each year, counties estimate their budgets to maintain public services, dividing this by the total value of all taxable properties within their boundaries. This calculation determines the property tax rate. Though votes and legislation play a role in setting these rates and budgets, this is the core process followed annually.

Waltersburg's effective property tax rate provides an interesting comparison to other cities in Pennsylvania. With a median property tax rate of 0.87%, Waltersburg aligns closely with the highest and lowest rates within its zip code, showing a unique consistency. When compared to Pennsylvania's median property tax rate and the national median rate of 1.02%, Waltersburg's rate is notably lower. This suggests that homeowners in Waltersburg may benefit from more affordable property taxes compared to the national average, potentially making it an attractive location for property investment. By understanding these nuances, property owners can make more informed decisions regarding their investments and financial planning.

Property Tax Rates Across Waltersburg, Fayette County, Pennsylvania

Source: Ownwell

1.15%

1.42%

1.68%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Waltersburg Tax Rate

1.28%

Median Effective Fayette County Tax Rate

1.37%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Waltersburg, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15488	1.27%	1.27%	1.28%	1.28%	1.28%

Source: Ownwell

Property Tax Assessment Values Across Waltersburg, Fayette County, Pennsylvania

When examining property taxes in Waltersburg, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Fayette County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Fayette County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Waltersburg. For example, the median home price in Waltersburg is $44,770, with tax bills ranging significantly across the county. Zip code 15488 has the highest median home price at $44,770.

Property Tax Assessment Values Across Waltersburg, Fayette County, Pennsylvania

Source: Ownwell

$16,280

$57,150

$98,020

Median Waltersburg Market Value

$45,360

Median Fayette County Market Value

$50,590

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Waltersburg, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15488	$13,290	$24,600	$45,360	$63,970	$89,580

Source: Ownwell

Property Tax Bills Across Waltersburg, Fayette County, Pennsylvania

In Waltersburg, located in Fayette County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the property's market value, which can fluctuate based on local real estate trends. Factors such as property improvements and neighborhood developments can influence this valuation. Homeowners in Waltersburg face a median property tax bill of $399, which is significantly lower than the national median of $2400. However, the tax bill can range from $266 at the 25th percentile to $741 at the 90th percentile, depending on the property's assessed value and applicable exemptions. This variability can impact homeowners' financial planning, making it crucial to ensure their property is not overvalued. Ownwell assists homeowners by providing expert property tax appeal services, potentially reducing their tax burden. By leveraging local market insights and tax regulations, Ownwell can help ensure homeowners in Waltersburg pay a fair tax amount, optimizing their savings and financial well-being.

Property Tax Bills Across Waltersburg, Fayette County, Pennsylvania

Source: Ownwell

$198

$710

$1,222

Median Waltersburg Tax Bill

$577

Median Fayette County Tax Bill

$705

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Waltersburg, Fayette County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15488	$169	$314	$577	$814	$1,140

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Fayette Tax Assessor
Website	property.co.fayette.pa.us