Irvona, Pennsylvania Property Taxes
The median property tax rate in Irvona, 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 Irvona, the typical annual property tax bill is $162, far below the national median of $2,690. Property taxes in Irvona are calculated based on the assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Irvona'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 Irvona or another part of Clearfield County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irvona, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$164
Ownwell’s Irvona Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irvona with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irvona 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 Irvona, Pennsylvania
Property taxes in Irvona, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irvona is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Irvona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irvona 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 Irvona's effective property tax rate to other counties in Pennsylvania and the national median. Understanding how these cities compare with Irvona 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 Irvona 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 Irvona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16656 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Irvona, Pennsylvania
In Irvona, 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 Irvona, 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 Irvona 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 $162.00 in zip code 16656, while the lowest is also $162.00 in the same zip code.
Average Irvona Assessed Value
$65,530
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 Irvona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16656 | $22,399 | $43,940 | $65,530 | $107,576 | $145,758 |
Source: Ownwell
Property Tax Bills Across Irvona, Pennsylvania
In Irvona, Clearfield County, PA, property tax bills are determined by assessing the value of a home and then applying the local tax rate. The median home price in Irvona is $65,530, and the property tax rate is calculated based on this assessed value. Homeowners in Irvona can expect their property tax bills to vary, with the 25th percentile tax bill at $109 and the 75th percentile tax bill at $266. The highest median tax bill recorded is $162, which is consistent across the zip code 16656. Several factors influence these tax bills, including the assessed value of the property, local tax rates, and any applicable exemptions. Compared to the national median property tax rate of 0.99%, Irvona's tax rate can significantly impact homeowners, either increasing or decreasing their annual financial obligations. Understanding these factors can help homeowners anticipate and manage their property tax expenses more effectively.
Average Irvona Tax Bill
$162
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Irvona, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16656 | $55 | $109 | $162 | $266 | $361 |
Source: Ownwell