Clarence, Pennsylvania Property Taxes
The median property tax rate in Clarence, PA is 3.69%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $47,860 in Clarence, the typical annual property tax bill amounts to $1,779, surpassing the national median of $2,690. Property taxes in Clarence are calculated based on the assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Clarence'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 Clarence or elsewhere in Centre County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarence, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.69%
Estimate Property Tax Bill
$1,766
Ownwell’s Clarence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarence 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 Clarence, Pennsylvania
Property taxes in Clarence, PA, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarence is 3.69%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Clarence set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clarence 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 Clarence's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16829 has the highest median property tax rate of 3.69%, while the same zip code also has the lowest median tax rate of 3.69%. Understanding how these cities compare with Clarence provides valuable insights into the varying tax landscape across Centre County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarence Tax Rate
3.69%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16829 | 3.69% | 3.69% | 3.69% | 3.69% | 3.69% |
Source: Ownwell
Property Tax Assessment Values Across Clarence, Pennsylvania
In Clarence, 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 Centre 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 Clarence, 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 Clarence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 16829 has both the highest and lowest median tax bill, averaging $1,779.
Average Clarence Assessed Value
$47,860
Average Centre County Assessed Value
$97,340
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16829 | $14,570 | $30,940 | $47,860 | $72,220 | $100,820 |
Source: Ownwell
Property Tax Bills Across Clarence, Pennsylvania
In Clarence, Centre County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in Clarence can expect a wide range of tax bills, influenced by the assessed value of their property and the specific tax rate applied. For example, the median home price in Clarence is $47,860. Homeowners in the 25th percentile pay around $1,180 in property taxes annually, while those in the 75th percentile face a tax bill of approximately $2,679. At the 90th percentile, the tax bill can go up to $3,701. The highest and lowest median tax bills recorded are both $1,779, indicating a level of consistency in certain areas. Compared to the national median property tax rate of 0.99%, the property tax rates in Clarence may seem high, but they reflect the local government's budgetary needs and the services provided to the community. This system ensures that property taxes are fairly distributed based on property values, impacting homeowners differently depending on their property's assessed value.
Average Clarence Tax Bill
$1,779
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16829 | $552 | $1,180 | $1,779 | $2,679 | $3,701 |
Source: Ownwell