Washington County, PA Property Tax Search

Market Value

A property's market value has been defined by the Pennsylvania State Supreme Court as the price in a competitive market a purchaser, willing but not obligated to buy, would pay an owner, willing but not obligated to sell, taking into consideration all the legal uses to which the property can be adapted and might reasonably be applied.

Assessed Value

Assessment is the basis upon which taxing authorities tax a property. In Washington County a property's assessed value is calculated by multiplying the market value with a predetermined ratio, which, for this county, is 100%. However, if the property's assessment value is appealed, the county's common level ratio may be applied instead: this reflects a comparison of the previous year's actual sale prices to the assessed value.

Exemptions and Taxable Value

Taxable value represents the assessed value less any tax exemptions or exclusions that apply. For example, under the Local Economic Revitalization Assistance Act (LERTA), local taxing jurisdictions in Pennsylvania are permitted to exempt from real property taxation the assessed valuation of new construction in deteriorated areas or improvements to deteriorated industrial, commercial or other business property for up to ten years. Also, Homestead and Farmstead exclusion is available and may lower the property's tax bill.

Unfortunately, no data regarding the exact exemption or exclusion values was provided to us, therefore the assessed value is equal to the taxable value.