Acme, Pennsylvania Property Taxes
The median property tax rate in ACME, PA is 11.67%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in ACME, the typical annual property tax bill reaches $1,868, which is below the national median of $2,690. Property taxes in ACME are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding ACME'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 ACME or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Acme, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.67%
Estimate Property Tax Bill
$1,799
-$18,853
Ownwell’s ACME Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in ACME with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in ACME to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Acme, Pennsylvania
Property taxes in ACME, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in ACME is 11.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within ACME set these rates annually, and they can vary considerably across different neighborhoods. Each year, ACME 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 ACME's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15610 zip code has the highest median property tax rate of 11.67%, while the same zip code also has the lowest median tax rate of 11.67%. Understanding how these cities compare with ACME provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Acme Tax Rate
11.67%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Acme, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15610 | 11.67% | 11.67% | 11.67% | 11.73% | 11.73% |
Source: Ownwell
Property Tax Assessment Values Across Acme, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in ACME, Pennsylvania. 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 Westmoreland 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 ACME, 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 ACME helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15610, with a tax bill of $1868, while the lowest median tax bill is also in 15610, with the same value.
Average Acme Assessed Value
$15,415
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Acme, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15610 | $3,151 | $7,475 | $15,415 | $23,428 | $31,011 |
Source: Ownwell
Property Tax Bills Across Acme, Pennsylvania
In ACME, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Westmoreland County assessor's office. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in ACME experience a range of tax bills depending on the value of their property. For example, the 25th percentile tax bill is $1,014, reflecting the lower end of the market, while the 75th percentile tax bill reaches $2,814, indicating higher-valued properties. At the higher end, the 90th percentile tax bill is $3,699. The median home price in ACME is $15,415, which, when compared to the national median property tax rate of 0.99%, shows how local tax rates and assessed values significantly influence the amount homeowners pay. This system ensures that property taxes are proportionate to the property values, but it also means that homeowners with higher-valued properties will bear a larger tax burden. This can impact decisions on purchasing or maintaining property within the city.
Average Acme Tax Bill
$1,868
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Acme, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15610 | $521 | $1,014 | $1,868 | $2,814 | $3,699 |
Source: Ownwell