Calumet, Pennsylvania Property Taxes
The median property tax rate in Calumet, 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 Calumet at $10,600, the typical annual property tax bill reaches $1,237, exceeding the national median of $2,690. Property taxes in Calumet 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 Calumet'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 Calumet 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
Calumet, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.67%
Estimate Property Tax Bill
$1,237
-$12,964
Ownwell’s Calumet Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Calumet with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Calumet 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 Westmoreland County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Calumet, Pennsylvania
Property taxes in Calumet, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Calumet is 11.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Calumet set these rates annually, and they can vary significantly across different neighborhoods. Each year, Calumet 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 Calumet's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15621 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 Calumet 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 Calumet 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 Calumet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15621 | 11.67% | 11.67% | 11.67% | 11.67% | 11.67% |
Source: Ownwell
Property Tax Assessment Values Across Calumet, Pennsylvania
In Calumet, 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 Calumet, 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 Calumet helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 15621, with a median tax bill of $1,237.
Average Calumet Assessed Value
$10,600
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 Calumet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15621 | $10,600 | $10,600 | $10,600 | $10,600 | $10,600 |
Source: Ownwell
Property Tax Bills Across Calumet, Pennsylvania
In Calumet, property tax bills are calculated based on the assessed value of your home, which is determined by the local tax assessor. For homeowners in Calumet, the median home price is $10,600. The tax rate in this region is significantly higher than the national median property tax rate of 0.99%. Homeowners in Calumet can expect a median tax bill of $1,237, which is consistent across different percentiles, indicating a uniform tax burden. Several factors contribute to the final tax bill, including the assessed value of the property and any applicable exemptions or deductions. The assessed value is a percentage of the market value, and this percentage can vary based on local regulations. For homeowners, this means that the property tax bill can be a substantial annual expense, particularly given the relatively high tax rate compared to the national average. Understanding these factors is crucial for financial planning and ensuring that homeowners are prepared for their annual property tax obligations.
Average Calumet Tax Bill
$1,237
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Calumet, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15621 | $1,237 | $1,237 | $1,237 | $1,237 | $1,237 |
Source: Ownwell