Elizabeth, Pennsylvania Property Taxes
The median property tax rate in Elizabeth, PA is 12.89%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Elizabeth at $24,940, the typical annual property tax bill reaches $3,215, far exceeding the national median of $2,690. Property taxes in Elizabeth 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 Elizabeth'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 Elizabeth 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
Elizabeth, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
12.89%
Estimate Property Tax Bill
$3,215
-$33,691
Ownwell’s Elizabeth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Elizabeth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Elizabeth 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 Elizabeth, Pennsylvania
Property taxes in Elizabeth, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Elizabeth is 12.89%, significantly higher than the U.S. national median of 0.99%. Local government entities within Elizabeth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Elizabeth 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. For comparison, the 15037 zip code has both the highest and lowest median property tax rate of 12.89%. Understanding how these cities compare with Elizabeth 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 Elizabeth Tax Rate
12.89%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Elizabeth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15037 | 12.89% | 12.89% | 12.89% | 12.89% | 12.89% |
Source: Ownwell
Property Tax Assessment Values Across Elizabeth, Pennsylvania
In Elizabeth, 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 Elizabeth, 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 Elizabeth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Elizabeth has a median home price of $24,940, with the highest and lowest median tax bills both being $3,215 in the 15037 zip code. This is significantly higher than the national median property tax rate of 0.99%.
Average Elizabeth Assessed Value
$24,940
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 Elizabeth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15037 | $24,940 | $24,940 | $24,940 | $24,940 | $24,940 |
Source: Ownwell
Property Tax Bills Across Elizabeth, Pennsylvania
In Elizabeth, Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home. Unlike the market value, which reflects what a property could sell for, the assessed value is determined by the local tax assessor's office and is used to calculate property taxes. Homeowners in Elizabeth face a median property tax bill of $3,215, which is significantly higher than the national median property tax rate of 0.99%. This higher tax burden can impact homeowners by increasing their annual financial obligations, potentially affecting their budget for other expenses. Several factors influence the assessed value, including property size, location, and any improvements or renovations made. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual tax bill. For homeowners, understanding these factors and how they contribute to their tax bill is crucial for financial planning and managing homeownership costs effectively.
Average Elizabeth Tax Bill
$3,215
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Elizabeth, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15037 | $3,215 | $3,215 | $3,215 | $3,215 | $3,215 |
Source: Ownwell