Hutchinson, Pennsylvania Property Taxes
The median property tax rate in Hutchinson, 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 Hutchinson at $9,670, the typical annual property tax bill is $1,237, surpassing the national median of $2,690. Property taxes in Hutchinson 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 Hutchinson'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 Hutchinson 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
Hutchinson, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
12.81%
Estimate Property Tax Bill
$1,239
-$12,982
Ownwell’s Hutchinson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hutchinson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hutchinson 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 Hutchinson, Pennsylvania
Property taxes in Hutchinson, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hutchinson is 12.81%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hutchinson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hutchinson 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 Hutchinson's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15640 zip code has the highest median property tax rate of 12.81%, while the 15640 zip code also has the lowest median tax rate of 12.81%. Understanding how these cities compare with Hutchinson 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 Hutchinson 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 Hutchinson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15640 | 12.81% | 12.81% | 12.81% | 12.81% | 12.81% |
Source: Ownwell
Property Tax Assessment Values Across Hutchinson, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Hutchinson, Pennsylvania. 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 Hutchinson, 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. The median home price in Hutchinson is $9,670, with tax bills ranging from $925 at the 25th percentile to $1,650 at the 90th percentile. The highest median tax bill is $1,237 in the 15640 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Hutchinson Assessed Value
$9,670
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 Hutchinson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15640 | $5,400 | $7,220 | $9,670 | $11,210 | $12,880 |
Source: Ownwell
Property Tax Bills Across Hutchinson, Pennsylvania
Property tax bills in Hutchinson, located in Westmoreland County, PA, are calculated based on the assessed value of a property, which is determined by local assessors. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Various factors influence the assessed value, including the property's size, age, location, and condition. In Hutchinson, the median home price is $9,670, and property tax bills can vary significantly. For instance, the 25th percentile tax bill is $925, while the 75th percentile reaches $1,435, and the 90th percentile can be as high as $1,650. These figures highlight the range of potential tax burdens homeowners may face. Comparatively, the national median property tax rate is 0.99%, making it essential for homeowners in Hutchinson to understand how their local rates and property assessments impact their overall tax responsibilities. This understanding helps homeowners budget effectively and ensures they are prepared for their annual property tax obligations.
Average Hutchinson 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 Hutchinson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15640 | $692 | $925 | $1,237 | $1,435 | $1,650 |
Source: Ownwell