Hawk Run, Pennsylvania Property Taxes
The median property tax rate in Hawk Run, 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 Hawk Run, the typical annual property tax bill reaches $166, well below the national median of $2,690. Property taxes in Hawk Run 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 Hawk Run'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 Hawk Run 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
Hawk Run, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$168
Ownwell’s Hawk Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Hawk Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Hawk Run 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 Hawk Run, Pennsylvania
Property taxes in Hawk Run, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Hawk Run is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Hawk Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Hawk Run 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 Hawk Run's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the area is much higher than Hawk Run's 0.25%, while the lowest median tax rate is also higher than Hawk Run's. Understanding how these cities compare with Hawk Run 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 Hawk Run 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 Hawk Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16840 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Hawk Run, Pennsylvania
In Hawk Run, 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 Hawk Run, 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 Hawk Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Hawk Run is $67,172, with the highest median tax bill being $166 in zip code 16840.
Average Hawk Run Assessed Value
$67,172
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 Hawk Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16840 | $25,833 | $46,338 | $67,172 | $92,866 | $129,091 |
Source: Ownwell
Property Tax Bills Across Hawk Run, Pennsylvania
Property tax bills in Hawk Run, located in Clearfield County, PA, are determined based on the assessed value of the property and the local tax rate. The assessed value is a percentage of the market value, which is set by the county's property assessor. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. For homeowners in Hawk Run, the tax burden varies significantly. The median home price is $67,172, and tax bills range widely, with the 25th percentile at $115 and the 75th percentile at $230. At the 90th percentile, homeowners might see tax bills as high as $320. Despite these variations, the median tax bill stands at $166, which is comparatively lower than the national median property tax rate of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life in the community. Understanding how these factors interplay can help homeowners anticipate their annual financial obligations and plan accordingly.
Average Hawk Run Tax Bill
$166
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Hawk Run, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16840 | $64 | $115 | $166 | $230 | $320 |
Source: Ownwell