Irwin, Pennsylvania Property Taxes
The median property tax rate in Irwin, PA is 11.88%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Irwin, the typical annual property tax bill reaches $2,744, exceeding the national median of $2,690. Property taxes in Irwin 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 Irwin'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 Irwin 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
Irwin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.88%
Estimate Property Tax Bill
$2,730
-$28,611
Ownwell’s Irwin Property Tax Bill Calculator offers homeowners, real estate investors, and potential buyers an easy way to estimate their annual property taxes in Irwin with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Irwin to provide an accurate estimate of your property tax bill. This valuable tool helps you grasp potential tax liabilities and plan accordingly. For those interested in more detailed insights, you can explore trends at the neighborhood level by scrolling down. Your property’s assessed value, determined by the county, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across Irwin, Pennsylvania
Property taxes in Irwin, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irwin is 11.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Irwin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irwin 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 Irwin's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15642 has the highest median property tax rate of 11.88%, while the same zip code also records the lowest median tax rate of 11.88%. Understanding how these cities compare with Irwin 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 Irwin Tax Rate
11.88%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irwin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15642 | 10.80% | 11.88% | 11.88% | 12.24% | 12.89% |
Source: Ownwell
Property Tax Assessment Values Across Irwin, Pennsylvania
In Irwin, 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 Irwin, 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 Irwin helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15642 with $2,744, which is significantly above the national median property tax rate of 0.99%.
Average Irwin Assessed Value
$22,980
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 Irwin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15642 | $10,300 | $16,400 | $22,980 | $36,460 | $50,062 |
Source: Ownwell
Property Tax Bills Across Irwin, Pennsylvania
In Irwin, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For instance, with a median home price of $22,980, homeowners in Irwin can expect their property tax bills to vary significantly. The 25th percentile tax bill is around $1,970, while the 75th percentile tax bill reaches approximately $4,473. At the higher end, the 90th percentile tax bill can be as much as $5,970. These property tax bills are influenced by various factors, including the property's assessed value, local tax rates, and any applicable exemptions or abatements. Compared to the national median property tax rate of 0.99%, homeowners in Irwin may find their tax bills to be relatively high or low depending on their specific circumstances. This variability in tax bills can significantly impact homeowners' financial planning and overall housing affordability.
Average Irwin Tax Bill
$2,744
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Irwin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15642 | $1,308 | $1,970 | $2,744 | $4,473 | $5,970 |
Source: Ownwell