Fallentimber, Pennsylvania Property Taxes
The median property tax rate in Fallentimber, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fallentimber, the typical annual property tax bill amounts to $172, which is far below the national median of $2,690. Property taxes in Fallentimber are calculated based on the tax assessed value, often lower than the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fallentimber's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fallentimber or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fallentimber, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$146
Ownwell’s FALLENTIMBER Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in FALLENTIMBER with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in FALLENTIMBER 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 Fallentimber, Pennsylvania
Property taxes in Fallentimber, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fallentimber is 0.25%, which is significantly lower than the U.S. national median of 0.99%. Local government entities within Fallentimber set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fallentimber 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 Fallentimber's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Clearfield County is found in zip code 16830 at 1.5%, while the lowest median tax rate is in zip code 16840 at 0.1%. Understanding how these cities compare with Fallentimber provides valuable insights into the varying tax landscape across Clearfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fallentimber Tax Rate
0.25%
Average Clearfield County Tax Rate
0.25%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fallentimber, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16639 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Fallentimber, Pennsylvania
In Fallentimber, 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 Clearfield 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 Fallentimber, 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 Fallentimber helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $172, found in the 16639 zip code, which is also the lowest median tax bill, highlighting the uniformity in tax assessments within this region.
Property Tax Assessment Values Across Fallentimber, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Fallentimber Assessed Value
$58,586
Average Clearfield County Assessed Value
$86,111
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fallentimber, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16639 | $17,608 | $33,460 | $58,586 | $111,426 | $146,768 |
Source: Ownwell
Property Tax Bills Across Fallentimber, Pennsylvania
In Fallentimber, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government officials and is often a percentage of the property's market value. Various factors influence this assessment, including the home's location, size, and condition. Once the assessed value is established, it's multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Fallentimber, the median home price is $58,586. Property tax bills can vary significantly, with the 25th percentile at $98 and the 75th percentile at $276. At the 90th percentile, the tax bill reaches $380. This variation highlights how different property values and assessment rates can impact what homeowners owe. Compared to the national median property tax rate of 0.99%, Fallentimber's rates can be considered relatively manageable, offering some financial relief to homeowners in the region. Understanding these factors can help residents better anticipate their property tax obligations.
Average Fallentimber Tax Bill
$172
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fallentimber, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16639 | $45 | $98 | $172 | $276 | $380 |
Source: Ownwell