Herminie, Pennsylvania Property Taxes
The median property tax rate in Herminie, PA is 12.81%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Herminie at $11,645, the typical annual property tax bill reaches $1,488, which is still below the national median of $2,690. Property taxes in Herminie are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Herminie'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 Herminie or another part of Westmoreland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Herminie, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
12.81%
Estimate Property Tax Bill
$1,492
-$15,633
Ownwell’s Herminie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Herminie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Herminie 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 Herminie, Pennsylvania
Property taxes in Herminie, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Herminie is 12.81%, significantly higher than the U.S. national median of 0.99%. Local government entities within Herminie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Herminie 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 Herminie's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest and lowest median property tax rates in Herminie are both 12.81%, highlighting a consistent tax rate across the zip code 15637. Understanding how these figures compare with Herminie 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 Herminie Tax Rate
12.81%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Herminie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15637 | 12.81% | 12.81% | 12.81% | 12.81% | 12.81% |
Source: Ownwell
Property Tax Assessment Values Across Herminie, Pennsylvania
In Herminie, 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 Herminie, 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 Herminie helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Herminie are both $1488, found in the zip code 15637.
Average Herminie Assessed Value
$11,645
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 Herminie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15637 | $5,048 | $7,985 | $11,645 | $17,948 | $27,524 |
Source: Ownwell
Property Tax Bills Across Herminie, Pennsylvania
In Herminie, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor's office and is a percentage of the property's market value. Homeowners in Herminie experience a range of property tax bills, influenced by factors such as home value and applicable tax rates. For instance, the median home price in the area stands at $11,645, leading to varying tax obligations. The tax bill for the 25th percentile is approximately $1,015, while those at the 75th percentile face bills around $2,296. At the higher end, the 90th percentile sees tax bills reaching $3,508. Comparatively, the median property tax bill in Herminie is $1,488, which is above the national median property tax rate of 0.99%. These tax bills significantly impact homeowners, influencing their overall housing costs and financial planning. Understanding these factors is crucial for residents to manage their property tax liabilities effectively.
Average Herminie Tax Bill
$1,488
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Herminie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15637 | $651 | $1,015 | $1,488 | $2,296 | $3,508 |
Source: Ownwell