Loyalhanna, Pennsylvania Property Taxes
The median property tax rate in Loyalhanna, PA is 11.73%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Loyalhanna at $10,695, the typical annual property tax bill reaches $1,254, exceeding the national median of $2,690. Property taxes in Loyalhanna are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Loyalhanna'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 Loyalhanna 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
Loyalhanna, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.73%
Estimate Property Tax Bill
$1,255
-$13,147
Ownwell’s Loyalhanna Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Loyalhanna with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Loyalhanna 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 Loyalhanna, Pennsylvania
Property taxes in Loyalhanna, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Loyalhanna is 11.73%, significantly higher than the U.S. national median of 0.99%. Local government entities within Loyalhanna set these rates annually, and they can vary significantly across different neighborhoods. Each year, Loyalhanna 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 Loyalhanna's effective property tax rate to other areas in Westmoreland County and the national median. For comparison, the 15681 zip code has the highest median property tax rate of 14.62%, while the 15661 zip code has the lowest median tax rate of 11.73%. Understanding how these areas compare with Loyalhanna 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 Loyalhanna Tax Rate
11.73%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Loyalhanna, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15661 | 11.73% | 11.73% | 11.73% | 11.73% | 11.73% |
| 15681 | 14.62% | 14.62% | 14.62% | 14.62% | 14.62% |
Source: Ownwell
Property Tax Assessment Values Across Loyalhanna, Pennsylvania
In Loyalhanna, 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 Loyalhanna, 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. For example, the highest median tax bill in the area is $3,096 in the 15681 zip code, while the lowest median tax bill is $1,247 in the 15661 zip code. 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 Loyalhanna helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Loyalhanna Assessed Value
$10,695
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 Loyalhanna, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15661 | $4,592 | $7,680 | $10,630 | $13,920 | $18,120 |
| 15681 | $21,170 | $21,170 | $21,170 | $21,170 | $21,170 |
Source: Ownwell
Property Tax Bills Across Loyalhanna, Pennsylvania
In Loyalhanna, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is a percentage of the property's market value, determined by the local tax assessor. Once the assessed value is established, the local tax rate, which is specific to Westmoreland County, is applied to calculate the annual property tax bill. Several factors influence the tax bill, including the property's location, size, and any improvements made to it. For instance, the median home price in Loyalhanna is $10,695, and the tax bill can vary significantly. Homeowners in the 25th percentile can expect to pay around $901, while those in the 75th percentile might pay approximately $1,634. The tax bill can go as high as $2,218 for those in the 90th percentile. These property taxes can have a substantial impact on homeowners, affecting their overall housing costs and financial planning. Comparing these figures to the national median property tax rate of 0.99%, Loyalhanna's property taxes can be seen as relatively moderate, yet still a significant expense for residents.
Average Loyalhanna Tax Bill
$1,254
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Loyalhanna, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15661 | $539 | $901 | $1,247 | $1,633 | $2,125 |
| 15681 | $3,096 | $3,096 | $3,096 | $3,096 | $3,096 |
Source: Ownwell