Tarrs, Pennsylvania Property Taxes
The median property tax rate in Tarrs, PA is 11.47%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Tarrs at $9,060, the typical annual property tax bill reaches $1,077, exceeding the national median of $2,690. Property taxes in Tarrs 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 Tarrs' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Tarrs 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
Tarrs, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.47%
Estimate Property Tax Bill
$1,039
-$10,891
Ownwell’s TARRS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TARRS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TARRS 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 Tarrs, Pennsylvania
Property taxes in Tarrs, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Tarrs is 11.47%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tarrs set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tarrs 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 Tarrs' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15688 zip code has the highest median property tax rate of 11.47%, while the same zip code also has the lowest median tax rate of 11.47%. Understanding how these cities compare with Tarrs 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 Tarrs Tax Rate
11.47%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tarrs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15688 | 11.47% | 11.47% | 11.47% | 11.47% | 11.47% |
Source: Ownwell
Property Tax Assessment Values Across Tarrs, Pennsylvania
In TARRS, 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 TARRS, 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. For instance, the median home price in TARRS is $9,060, with tax bills ranging from $755 at the 25th percentile to $2,023 at the 90th percentile. The zip code 15688 has both the highest and lowest median tax bill at $1,077. Being aware of these valuation processes in TARRS helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Tarrs Assessed Value
$9,060
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 Tarrs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15688 | $3,130 | $6,240 | $9,060 | $13,290 | $17,640 |
Source: Ownwell
Property Tax Bills Across Tarrs, Pennsylvania
In TARRS, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is a percentage of the market value of the property, and this figure is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition. Homeowners in TARRS, Westmoreland County, experience a range of property tax bills. The tax bill at the 25th percentile is approximately $755, while at the 75th percentile, it rises to about $1,535. For those at the 90th percentile, the tax bill can be as high as $2,023. Compared to the national median property tax rate of 0.99%, TARRS has a diverse range of tax burdens, reflecting the varying property values within the area. This variation in tax bills can significantly impact homeowners, influencing their overall housing costs and financial planning.
Average Tarrs Tax Bill
$1,077
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tarrs, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15688 | $454 | $755 | $1,077 | $1,535 | $2,023 |
Source: Ownwell