Latrobe, Pennsylvania Property Taxes
The median property tax rate in Latrobe, PA is 11.14%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Latrobe, the typical annual property tax bill reaches $1,913, which, while lower than the national median of $2,690, is still a notable expense given the local property values. Property taxes in Latrobe are calculated based on the tax assessed value, which usually falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Latrobe'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 Latrobe 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
Latrobe, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.14%
Estimate Property Tax Bill
$1,807
-$18,936
Ownwell’s Latrobe Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Latrobe with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Latrobe 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 Latrobe, Pennsylvania
Property taxes in Latrobe, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Latrobe is 11.14%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Latrobe set these rates annually, and they can vary significantly across different neighborhoods. Each year, Latrobe 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 Latrobe's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15650 zip code has the highest median property tax rate of 11.14%, while the 15650 zip code also has the lowest median tax rate of 11.14%. Understanding how these cities compare with Latrobe 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 Latrobe Tax Rate
11.14%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Latrobe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15650 | 11.07% | 11.07% | 11.14% | 12.80% | 12.80% |
Source: Ownwell
Property Tax Assessment Values Across Latrobe, Pennsylvania
In Latrobe, 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 Latrobe, 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 Latrobe helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Latrobe is $16,220, with the highest and lowest median tax bills both at $1,913 in zip code 15650.
Average Latrobe Assessed Value
$16,220
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 Latrobe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15650 | $6,558 | $10,480 | $16,220 | $24,270 | $37,460 |
Source: Ownwell
Property Tax Bills Across Latrobe, Pennsylvania
In Latrobe, Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the market value of the property. Homeowners then multiply this assessed value by the local property tax rate to determine their annual tax bill. For instance, the median home price in Latrobe is $16,220. Property tax bills can vary significantly, with the 25th percentile tax bill at $1,267 and the 75th percentile tax bill at $2,830. The 90th percentile tax bill reaches $4,245, highlighting the variability in tax burdens. Compared to the national median property tax rate of 0.99%, Latrobe's rates can be a considerable expense for homeowners, impacting their overall financial planning and the affordability of homeownership. Understanding these factors is crucial for residents to anticipate their property tax obligations accurately.
Average Latrobe Tax Bill
$1,913
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Latrobe, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15650 | $784 | $1,267 | $1,913 | $2,830 | $4,245 |
Source: Ownwell