Norvelt, Pennsylvania Property Taxes
The median property tax rate in Norvelt, PA is 11.67%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Norvelt, the typical annual property tax bill reaches $1,373, exceeding the national median of $2,690. Property taxes in Norvelt 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 Norvelt'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 Norvelt 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
Norvelt, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.67%
Estimate Property Tax Bill
$1,445
-$15,147
Ownwell’s Norvelt Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Norvelt with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Norvelt 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 Norvelt, Pennsylvania
Property taxes in Norvelt, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Norvelt is 11.67%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Norvelt set these rates annually, and they can vary significantly across different neighborhoods. Each year, Norvelt 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 Norvelt's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15674 has the highest median property tax rate of 11.67%, while the same zip code also has the lowest median tax rate of 11.67%. Understanding how these cities compare with Norvelt 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 Norvelt Tax Rate
11.67%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Norvelt, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15674 | 11.67% | 11.67% | 11.67% | 11.67% | 11.67% |
Source: Ownwell
Property Tax Assessment Values Across Norvelt, Pennsylvania
In Norvelt, 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 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 Norvelt, 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 Norvelt helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Norvelt are both $1373 in the zip code 15674, which provides a clear benchmark for local homeowners.
Average Norvelt Assessed Value
$12,385
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 Norvelt, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15674 | $7,974 | $10,568 | $12,385 | $13,568 | $17,304 |
Source: Ownwell
Property Tax Bills Across Norvelt, Pennsylvania
In Norvelt, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to calculate the annual tax bill. For example, with a median home price of $12,385, homeowners in Norvelt typically see tax bills ranging from the 25th percentile at $1,208 to the 75th percentile at $1,610, with the 90th percentile reaching up to $2,057. Factors such as property size, location, and improvements can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Norvelt's rates may seem high relative to property values, impacting homeowners by potentially increasing their annual financial obligations. Understanding these factors can help homeowners better anticipate their property tax liabilities and manage their budgets accordingly.
Average Norvelt Tax Bill
$1,373
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Norvelt, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15674 | $906 | $1,208 | $1,373 | $1,610 | $2,057 |
Source: Ownwell