Yukon, Pennsylvania Property Taxes
The median property tax rate in Yukon, PA is 11.78%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Yukon, the typical annual property tax bill reaches $973, which is still below the national median of $2,690. Property taxes in Yukon are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Yukon’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 Yukon 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
Yukon, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.78%
Estimate Property Tax Bill
$969
-$10,160
Ownwell’s Yukon Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yukon with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yukon 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 Yukon, Pennsylvania
Property taxes in Yukon, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yukon is 11.78%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Yukon set these rates annually, and they can vary significantly across different neighborhoods. Each year, Yukon 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 Yukon's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15698 zip code has the highest median property tax rate of 11.78%, while the same zip code also has the lowest median tax rate of 11.78%. Understanding how these cities compare with Yukon 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 Yukon Tax Rate
11.78%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yukon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15698 | 11.78% | 11.78% | 11.78% | 11.78% | 11.78% |
Source: Ownwell
Property Tax Assessment Values Across Yukon, Pennsylvania
In Yukon, 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 Yukon, 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 instance, the median home price in this area is $8,230, with tax bills ranging from $716 at the 25th percentile to $2,048 at the 90th percentile. The zip code with the highest and lowest median tax bill is 15698, both at $973. 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 Yukon helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yukon Assessed Value
$8,230
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 Yukon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15698 | $3,880 | $5,970 | $8,230 | $12,050 | $17,380 |
Source: Ownwell
Property Tax Bills Across Yukon, Pennsylvania
In Yukon, property tax bills are calculated based on the assessed value of the home, which is determined by the local tax assessor's office. This assessed value is then multiplied by the local tax rate set by Westmoreland County. Homeowners in Yukon can expect varying tax bills depending on several factors such as the property's assessed value, any exemptions they qualify for, and the specific tax rate applied. For instance, the median home price in Yukon is $8,230, and property tax bills can range significantly. At the 25th percentile, homeowners might pay around $716, while those at the 75th percentile could see bills as high as $1,439. The top 10% of tax bills even reach up to $2,048. These figures highlight how property taxes can impact homeowners differently based on their property's valuation. Compared to the national median property tax rate of 0.99%, Yukon's rates reflect localized factors that influence the overall tax burden on residents.
Average Yukon Tax Bill
$973
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yukon, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15698 | $457 | $716 | $973 | $1,439 | $2,048 |
Source: Ownwell