Venus, Pennsylvania Property Taxes
The median property tax rate in Venus, PA is 7.73%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Venus, the typical annual property tax bill reaches $1,496, exceeding the national median of $2,690. Property taxes in Venus 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 Venus'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 Venus 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
Venus, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.73%
Estimate Property Tax Bill
$1,497
Ownwell’s Venus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Venus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Venus 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 Venus, Pennsylvania
Property taxes in Venus, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Venus is 7.73%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Venus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Venus 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 Venus's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16364 has the highest median property tax rate of 7.73%, while the same zip code also has the lowest median tax rate of 7.73%. Understanding how these cities compare with Venus provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Venus Tax Rate
7.73%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Venus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16364 | 7.73% | 7.73% | 7.73% | 7.73% | 7.73% |
Source: Ownwell
Property Tax Assessment Values Across Venus, Pennsylvania
In Venus, 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 Clarion 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 Venus, 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 Venus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Venus is $19,362, with tax bills ranging from $928 at the 25th percentile to $2,848 at the 90th percentile. The highest and lowest median tax bills, both at $1,496, are found in the 16364 zip code.
Average Venus Assessed Value
$19,362
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Venus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16364 | $7,419 | $12,008 | $19,362 | $29,928 | $36,870 |
Source: Ownwell
Property Tax Bills Across Venus, Pennsylvania
In Venus, Clarion 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 tax rate to determine the annual property tax bill. For homeowners in Venus, the median home price stands at $19,362. Property tax bills can vary significantly, with the 25th percentile tax bill at $928 and the 75th percentile reaching $2,312. At the 90th percentile, homeowners might see tax bills as high as $2,848. Comparing these figures to the national median property tax rate of 0.99%, it’s clear that property taxes in Venus can be a substantial expense relative to the home values. Factors such as property improvements, neighborhood changes, and local government budgets can influence the assessed value, thereby affecting the tax bill. Homeowners need to be aware of these factors, as they can lead to fluctuations in annual property tax obligations.
Average Venus Tax Bill
$1,496
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Venus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16364 | $573 | $928 | $1,496 | $2,312 | $2,848 |
Source: Ownwell