Mahaffey, Pennsylvania Property Taxes
The median property tax rate in Mahaffey, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $44,949 in Mahaffey, the typical annual property tax bill amounts to $113, far below the national median of $2,690. Property taxes in Mahaffey are calculated based on the assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Mahaffey'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 Mahaffey 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
Mahaffey, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$112
Ownwell’s Mahaffey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mahaffey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mahaffey 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 Mahaffey, Pennsylvania
Property taxes in Mahaffey, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mahaffey is 0.25%, significantly lower than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Mahaffey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mahaffey 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 Mahaffey's 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 Monroe County at 2.47%, while the lowest median tax rate is in Forest County at 0.52%. Understanding how these cities compare with Mahaffey 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 Mahaffey 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 Mahaffey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15757 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Mahaffey, Pennsylvania
In Mahaffey, 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. 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 Mahaffey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Mahaffey, the median home price is $44,949, with the highest and lowest median tax bill both being $113 in zip code 15757.
Average Mahaffey Assessed Value
$44,949
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 Mahaffey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15757 | $8,081 | $16,036 | $44,949 | $86,869 | $132,576 |
Source: Ownwell
Property Tax Bills Across Mahaffey, Pennsylvania
In Mahaffey, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Mahaffey typically see a range of tax bills, with the 25th percentile at $40 and the 75th percentile at $218. The 90th percentile tax bill can go up to $331. The local tax rate in Mahaffey is influenced by the county's budgetary needs and the total value of assessed properties within the area. This rate is then applied to the assessed value of each property to determine the annual tax bill. For homeowners, this means that higher property values or increases in the local tax rate can lead to higher tax bills. Compared to the national median property tax rate of 0.99%, Mahaffey's tax bills are relatively modest, making it a more affordable area for property owners.
Average Mahaffey Tax Bill
$113
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mahaffey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15757 | $20 | $40 | $113 | $218 | $331 |
Source: Ownwell