This paper is concerned with the problem of observed-based event-triggered control for switched linear systems with time-varying delay and exogenous disturbance. First by employing a state observer, an observer-based event-triggered controller is designed to guarantee the finite-time boundedness and finite-time stabilization of the resulting dynamic augmented closed-loop system. Then based on the Lyapunov-like function method and the average dwell time technique, some sufficient conditions are given to ensure the finite-time boundedness and finite-time stabilization, respectively. Furthermore, the lower bound of the minimum interevent interval is proved to be positive, which thus excludes the Zeno behavior of sampling. A numerical example is finally exploited to verify the effectiveness and potential of the achieved control scheme.