Hannastown, Pennsylvania Property Taxes
The median property tax rate in Hannastown, PA is 10.80%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Hannastown at $6,215, the typical annual property tax bill reaches $671, which is below the national median of $2,690. Property taxes in Hannastown are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Hannastown's property tax system, exploring available exemptions, and identifying opportunities for reductions can result in substantial annual savings. Whether you're in the heart of Hannastown or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Hannastown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
10.8%
Estimate Property Tax Bill
$671
-$7,034
Ownwell’s Hannastown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hannastown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hannastown 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 Hannastown, Pennsylvania
Property taxes in Hannastown, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hannastown is 10.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hannastown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hannastown 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 Hannastown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15635 zip code has the highest median property tax rate of 10.80%, while the same zip code also has the lowest median tax rate of 10.80%. Understanding how these figures compare with Hannastown 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 Hannastown Tax Rate
10.80%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Hannastown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15635 | 10.79% | 10.79% | 10.79% | 10.80% | 10.80% |
Source: Ownwell
Property Tax Assessment Values Across Hannastown, Pennsylvania
In Hannastown, 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 Appraisal District 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. Assessment notices in Hannastown 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 Hannastown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15635 has the highest median tax bill at $671, which is essential information for homeowners aiming to manage their expenses effectively.
Average Hannastown Assessed Value
$6,215
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 Hannastown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15635 | $2,442 | $4,085 | $6,215 | $8,378 | $13,565 |
Source: Ownwell
Property Tax Bills Across Hannastown, Pennsylvania
In Hannastown, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the local tax assessor and reflects a percentage of the property's market value. Homeowners in Hannastown can expect property tax bills that vary significantly depending on the value of their homes. For instance, the 25th percentile tax bill is $441, while the 75th percentile tax bill is $904. At the higher end, the 90th percentile tax bill reaches $1,464. When compared to the national median property tax rate of 0.99%, Hannastown's property tax bills reflect the local economic conditions and property values. For homeowners, these taxes fund essential community services such as schools, public safety, and infrastructure maintenance. The highest and lowest median tax bills in the area both stand at $671, indicating some consistency in property tax assessments within the zip code 15635. Understanding these factors can help homeowners better anticipate their annual financial obligations.
Average Hannastown Tax Bill
$671
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hannastown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15635 | $264 | $441 | $671 | $904 | $1,464 |
Source: Ownwell