Karthaus, Pennsylvania Property Taxes
The median property tax rate in Karthaus, 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 Karthaus, the typical annual property tax bill reaches $133, well below the national median of $2,690. Property taxes in Karthaus are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Karthaus'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 Karthaus 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
Karthaus, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$134
Ownwell’s Karthaus Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Karthaus with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Karthaus 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 Karthaus, Pennsylvania
Property taxes in Karthaus, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Karthaus is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Karthaus set these rates annually, and they can vary significantly across different neighborhoods. Each year, Karthaus 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 Karthaus's effective property tax rate to other counties in Pennsylvania and the national median. Understanding how these cities compare with Karthaus 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 Karthaus 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 Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Karthaus, Pennsylvania
In Karthaus, 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 Karthaus, 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. The zip code with the highest median tax bill is 16845, amounting to $133. Being aware of these valuation processes in Karthaus helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Karthaus Assessed Value
$53,788
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 Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | $16,616 | $34,222 | $53,788 | $85,985 | $137,475 |
Source: Ownwell
Property Tax Bills Across Karthaus, Pennsylvania
In Karthaus, property tax bills are calculated based on the assessed value of a home, which is determined by the Clearfield County assessor's office. The assessed value is a percentage of the property's market value. Homeowners in Karthaus can expect their property tax bills to vary significantly depending on their property's assessed value and the local tax rate. For instance, the median home price in Karthaus is $53,788. Property tax bills typically range from $85 at the 25th percentile to $213 at the 75th percentile, with the 90th percentile reaching up to $340. These figures illustrate the broad spectrum of property tax obligations that homeowners might face. Compared to the national median property tax rate of 0.99%, Karthaus residents might find their tax bills relatively modest. However, the impact on homeowners can still be substantial, influencing household budgets and the overall cost of homeownership. Understanding these factors is crucial for residents to manage their finances effectively.
Average Karthaus Tax Bill
$133
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Karthaus, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16845 | $41 | $85 | $133 | $213 | $340 |
Source: Ownwell