Alverton, Pennsylvania Property Taxes
The median property tax rate in Alverton, PA is 11.47%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Alverton, the typical annual property tax bill reaches $975, which is below the national median of $2,690. Property taxes in Alverton 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 Alverton'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 Alverton 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
Alverton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.47%
Estimate Property Tax Bill
$941
-$9,863
Ownwell’s Alverton Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Alverton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Alverton 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 Alverton, Pennsylvania
Property taxes in Alverton, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Alverton is 11.47%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Alverton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Alverton 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 Alverton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15612 zip code has the highest median property tax rate of 11.47%, while the same zip code also has the lowest median tax rate of 11.47%. Understanding how these cities compare with Alverton 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 Alverton Tax Rate
11.47%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Alverton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15612 | 11.47% | 11.47% | 11.47% | 11.47% | 11.47% |
Source: Ownwell
Property Tax Assessment Values Across Alverton, Pennsylvania
In Alverton, 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 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 Alverton, 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. For example, the 25th percentile tax bill is $607, while the 75th percentile tax bill is $1746. The median home price in Alverton is $8205. 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 Alverton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Alverton Assessed Value
$8,205
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 Alverton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15612 | $1,612 | $4,935 | $8,205 | $15,160 | $20,009 |
Source: Ownwell
Property Tax Bills Across Alverton, Pennsylvania
In Alverton, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For homeowners in Alverton, the median home price is $8,205, which significantly influences the property tax bill. Factors such as property size, location, and any improvements made to the property also play a crucial role in determining the assessed value. Homeowners in Alverton can expect a range of property tax bills. For instance, those in the 25th percentile pay around $607 annually, while those in the 75th percentile face bills closer to $1,746. At the higher end, the 90th percentile sees tax bills reaching up to $2,296. The highest median tax bill recorded in the area is $975, which is consistent across the zip code 15612. Compared to the national median property tax rate of 0.99%, Alverton's rates can be considered relatively modest, but they still represent a significant expense for homeowners.
Average Alverton Tax Bill
$975
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Alverton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15612 | $254 | $607 | $975 | $1,746 | $2,296 |
Source: Ownwell