Larimer, Westmoreland County, Pennsylvania Property Taxes
The median property tax rate in Larimer, PA is 11.88%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $9,975, the typical annual property tax bill in Larimer reaches $1,185, surpassing the national median of $2,690. Property taxes in Larimer are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Navigating Larimer's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Larimer 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
Larimer, Westmoreland County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.88%
Estimate Property Tax Bill
$1,185
$1,100
Ownwell’s Larimer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Larimer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Larimer 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 Larimer, Westmoreland County, Pennsylvania
Property taxes in Larimer, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Larimer is 11.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Larimer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Larimer 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 Larimer's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15647 has the highest median property tax rate of 11.88%, while the same zip code also has the lowest median tax rate of 11.88%. Understanding how these cities compare with Larimer 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.
Property Tax Rates Across Larimer, Westmoreland County, Pennsylvania
Source: Ownwell
10.79%
12.81%
14.82%
Average Larimer 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 Larimer, Westmoreland County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15647 | 11.88% | 11.88% | 11.88% | 11.88% | 11.88% |
Source: Ownwell
Property Tax Assessment Values Across Larimer, Westmoreland County, Pennsylvania
In LARIMER, 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 local 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. In LARIMER, 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 LARIMER helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1185 in zip code 15647, while the lowest median tax bill is also $1185 in the same zip code.
Property Tax Assessment Values Across Larimer, Westmoreland County, Pennsylvania
Source: Ownwell
$4,220
$23,080
$41,940
Average Larimer Assessed Value
$9,975
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 Larimer, Westmoreland County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15647 | $5,998 | $7,562 | $9,975 | $12,460 | $16,429 |
Source: Ownwell
Property Tax Bills Across Larimer, Westmoreland County, Pennsylvania
Property tax bills in Larimer, Westmoreland County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's property assessor and reflects a percentage of the property's market value. Homeowners in Larimer can expect their tax bills to vary significantly depending on their property's assessed value and the specific tax rates applied by local taxing authorities, such as school districts and municipal governments. For context, the median home price in Larimer is $9,975. The 25th percentile tax bill is $899, while the 75th percentile tax bill is $1,481, and the 90th percentile tax bill reaches $1,952. These figures illustrate the range of property tax burdens that homeowners might face. Compared to the national median property tax rate of 0.99%, Larimer's property tax rates can have a substantial impact on homeowners' finances. Understanding these factors is crucial for homeowners to budget effectively and potentially seek exemptions or appeals to lower their tax burdens.
Average Larimer Tax Bill
$1,185
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Larimer, Westmoreland County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15647 | $713 | $899 | $1,185 | $1,481 | $1,952 |
Source: Ownwell