Glen Richey, Pennsylvania Property Taxes
The median property tax rate in Glen Richey, 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 Glen Richey at $49,242, the typical annual property tax bill is just $122, far below the national median of $2,690. Property taxes in Glen Richey are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Glen Richey’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 Glen Richey or another part of Clearfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Glen Richey, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$123
Ownwell’s Glen Richey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Richey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Richey 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 Glen Richey, Pennsylvania
Property taxes in Glen Richey, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Richey is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Glen Richey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Richey 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 Glen Richey’s effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the region is significantly higher, while the lowest median tax rate is much lower. Understanding how these cities compare with Glen Richey 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 Glen Richey 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 Glen Richey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16837 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Glen Richey, Pennsylvania
In Glen Richey, 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 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 Glen Richey, 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. The median home price in Glen Richey is $49,242, with tax bills ranging from $92 at the 25th percentile to $280 at the 90th percentile. The highest and lowest median tax bills are found in the 16837 zip code, both at $122. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Glen Richey, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Glen Richey Assessed Value
$49,242
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 Glen Richey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16837 | $26,111 | $37,121 | $49,242 | $70,960 | $112,929 |
Source: Ownwell
Property Tax Bills Across Glen Richey, Pennsylvania
In Glen Richey, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of the property. This assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Glen Richey see property tax bills influenced by factors such as property size, location, and any improvements made to the property. The tax rate, or millage rate, is applied to the assessed value to determine the annual property tax bill. For instance, with a median home price of $49,242, property tax bills can vary significantly. At the 25th percentile, homeowners might pay around $92 annually, while those at the 75th percentile could see bills closer to $176. The 90th percentile can reach up to $280. Compared to the national median property tax rate of 0.99%, Glen Richey's tax rates can be seen as relatively moderate, affecting homeowners by providing a manageable tax burden that reflects the local economic conditions and property values.
Average Glen Richey Tax Bill
$122
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Richey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16837 | $65 | $92 | $122 | $176 | $280 |
Source: Ownwell