Lecontes Mills, Pennsylvania Property Taxes
The median property tax rate in Lecontes Mills, 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 Lecontes Mills at $65,530, the typical annual property tax bill is $162, well below the national median of $2,690. Property taxes in Lecontes Mills 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 Lecontes Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Lecontes Mills 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
Lecontes Mills, 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 Lecontes Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Lecontes Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Lecontes Mills 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 Lecontes Mills, Pennsylvania
Property taxes in Lecontes Mills, Pennsylvania, are essential for funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Lecontes Mills is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Lecontes Mills set these rates annually, and they can vary across different neighborhoods. Each year, Lecontes Mills 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 Lecontes Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania is found in some areas, while the lowest median tax rate is in others. Understanding how these cities compare with Lecontes Mills 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 Lecontes Mills 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 Lecontes Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16850 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Lecontes Mills, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Lecontes Mills, PA. 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 Lecontes Mills, 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. For example, the highest median tax bill in Lecontes Mills is $162 in the 16850 zip code, while the lowest median tax bill is also $162 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Lecontes Mills, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Lecontes Mills 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 Lecontes Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16850 | $29,066 | $39,457 | $65,530 | $106,187 | $139,141 |
Source: Ownwell
Property Tax Bills Across Lecontes Mills, Pennsylvania
In Lecontes Mills, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor's office and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For homeowners in Lecontes Mills, the median home price is $65,530. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $98 and the 75th percentile at $263. The highest median tax bill recorded is $162.00, which is relatively modest compared to the national median property tax rate of 0.99%. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure. While the tax burden in Lecontes Mills is relatively low, it still represents an important financial consideration for homeowners, influencing both their monthly budgets and the overall cost of homeownership.
Average Lecontes Mills 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 Lecontes Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16850 | $72 | $98 | $162 | $263 | $344 |
Source: Ownwell