Alverda, Pennsylvania Property Taxes
The median property tax rate in Alverda, PA is 2.13%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Alverda at $52,200, the typical annual property tax bill amounts to $1,151, surpassing the national median of $2,690. Property taxes in Alverda are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Alverda'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 Alverda or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Alverda, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$1,112
Ownwell’s Alverda Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes in Alverda with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alverda to provide an estimate of your property tax bill. This insightful tool helps you understand potential tax liabilities. For those interested in seeing trends on a neighborhood level, more localized information is available by scrolling down. Your property’s assessed value is the value assigned by Indiana County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Alverda, Pennsylvania
Property taxes in Alverda, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Alverda is 2.13%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Alverda set these rates annually, and they can vary across different neighborhoods. Each year, Alverda 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 Alverda's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15710 has the same median property tax rate of 2.13%. Understanding how these areas compare with Alverda provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Alverda Tax Rate
2.13%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alverda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15710 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Alverda, Pennsylvania
In Alverda, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. 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 Indiana 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 Alverda, 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 Alverda helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $1151, found in zip code 15710.
Average Alverda Assessed Value
$52,200
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Alverda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15710 | $13,000 | $34,200 | $52,200 | $70,950 | $95,400 |
Source: Ownwell
Property Tax Bills Across Alverda, Pennsylvania
In Alverda, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. For instance, with a median home price of $52,200, homeowners can expect varying tax bills depending on their property's assessed value and applicable tax rate. Factors such as property size, location, and improvements play a significant role in determining the assessed value. Homeowners in Alverda typically see tax bills ranging from $834 at the 25th percentile to $1,558 at the 75th percentile, with the 90th percentile reaching up to $2,034. These amounts highlight how property taxes can impact household budgets differently, depending on where a home falls within these percentiles. Comparatively, the national median property tax rate stands at 0.99%, providing context for how Alverda's property tax situation aligns with broader trends. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Alverda Tax Bill
$1,151
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Alverda, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15710 | $424 | $834 | $1,151 | $1,558 | $2,034 |
Source: Ownwell