Property Taxes in Preston Park, Pennsylvania
Median Preston Park, Pennsylvania effective property tax rate: 1.73%, significantly lower than the national median of 1.02%, and lower than the Pennsylvania state median of 2.75%.
Median Preston Park, Pennsylvania home value: $170,500
Median annual Preston Park, Pennsylvania tax bill: $2,942, higher than the national median property tax bill of $2,400.
How are property taxes in Wayne calculated?
Property taxes in Preston Park, Pennsylvania 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 Preston Park's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Preston Park, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Preston Park Property Tax Calculator Work?
Use this Preston Park property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Preston Park's median effective tax rate of 1.73% — based on actual property records in Wayne County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Preston Park's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Preston Park: rates range from 1.73% in 18455 to 1.73% in 18455, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Preston Park.
About Preston Park Property Taxes
About Property Taxes in Preston Park, Wayne, Pennsylvania
Preston Park’s median effective property tax rate of 1.73% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Wayne County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Preston Park. Homeowners in the 18455 ZIP code carry a median effective rate of 1.73%, while those in the same ZIP pay 1.73%. This spread reflects how school district boundaries and local assessment districts are drawn across Wayne County. Understanding which part of Preston Park you live in can make a meaningful difference to your annual tax bill.
Preston Park homeowners who believe their assessed value is too high can file a formal appeal with the Tax Assessor before the September 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Preston Park, Wayne County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Preston Park's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
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 Preston Park Tax Rate
1.73%
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 Wayne County Tax Rate
1.63%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Preston Park, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18455 | 1.72% | 1.73% | 1.73% | 1.73% | 1.73% |
Source: Ownwell
Property Tax Assessment Values Across Preston Park, Wayne County, Pennsylvania
When examining property taxes in Preston Park, Pennsylvania, 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 Wayne County assessment office 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.
Assessment notices are sent in the spring each year and typically reach your mailbox by the middle of the month. 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.
For example, the median home price in Preston Park is $170,500, with a median tax bill of $2,942. The 25th percentile tax bill is $2,191, and the 75th percentile is $3,581.
Property Tax Assessment Values Across Preston Park, Wayne County, Pennsylvania
Source: Ownwell
$6,400
$150,800
$295,200
Median Preston Park Market Value
$170,500
Median Wayne County Market Value
$182,100
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Preston Park, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18455 | $71,650 | $126,975 | $170,500 | $207,600 | $265,650 |
Source: Ownwell
Property Tax Bills Across Preston Park, Wayne County, Pennsylvania
Property tax bills in Preston Park are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. For homeowners, this means the bill can change when a home’s value changes or when local tax rates are adjusted. The assessed value is the foundation of the bill, so two homes with different market values may owe very different amounts even within the same city.
In Preston Park, the median home price is $170,500, and the median property tax bill is $2,942, which is above the national median property tax bill of $2,400. Bills can also vary widely across homeowners, with the 25th percentile at $2,191 and the 75th percentile at $3,581. That range shows how property taxes can have a meaningful impact on monthly housing costs and overall affordability for homeowners.
Median Preston Park Tax Bill
$2,942
Median Wayne County Tax Bill
$3,056
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Preston Park, Wayne County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18455 | $1,238 | $2,191 | $2,942 | $3,581 | $4,583 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| Wayne Tax Assessor | |
| Website | taxservices.waynecountypa.gov |