Laughlintown, Pennsylvania Property Taxes
The median property tax rate in Laughlintown, PA is 11.24%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Laughlintown, the typical annual property tax bill reaches $1,649, exceeding the national median of $2,690. Property taxes in Laughlintown 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 Laughlintown'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 Laughlintown 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
Laughlintown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.24%
Estimate Property Tax Bill
$1,625
-$17,033
Ownwell’s Laughlintown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Laughlintown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Laughlintown 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 Laughlintown, Pennsylvania
Property taxes in Laughlintown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Laughlintown is 11.24%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Laughlintown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Laughlintown 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 Laughlintown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15655 has both the highest and lowest median property tax rate of 11.24%, underscoring the uniformity within this specific area. Understanding how these cities compare with Laughlintown 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 Laughlintown Tax Rate
11.24%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Laughlintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15655 | 11.24% | 11.24% | 11.24% | 11.64% | 11.64% |
Source: Ownwell
Property Tax Assessment Values Across Laughlintown, Pennsylvania
In Laughlintown, 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 Laughlintown, 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 Laughlintown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in the area are both $1,649 in the 15655 zip code.
Average Laughlintown Assessed Value
$14,460
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 Laughlintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15655 | $6,337 | $9,852 | $14,460 | $19,270 | $25,414 |
Source: Ownwell
Property Tax Bills Across Laughlintown, Pennsylvania
In Laughlintown, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Westmoreland County assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Laughlintown can expect their property tax bill to vary significantly based on the assessed value of their property and the local tax rate. For example, the median home price in Laughlintown is $14,460. Property tax bills in the area range from $1,163 at the 25th percentile to $2,229 at the 75th percentile, with the 90th percentile reaching up to $2,899. These figures indicate that property taxes can be a substantial expense for homeowners, impacting their overall cost of living. The highest median tax bill in the area is $1,649, which is significantly higher than the national median property tax rate of 0.99%. Homeowners must consider these taxes when budgeting for their yearly expenses.
Average Laughlintown Tax Bill
$1,649
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Laughlintown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15655 | $727 | $1,163 | $1,649 | $2,229 | $2,899 |
Source: Ownwell