Troutville, Pennsylvania Property Taxes
The median property tax rate in Troutville, 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 Troutville, the typical annual property tax bill reaches $209, far below the national median of $2,690. Property taxes in Troutville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Troutville'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 Troutville 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
Troutville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$210
Ownwell’s Troutville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Troutville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Troutville 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 Troutville, Pennsylvania
Property taxes in Troutville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Troutville is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Troutville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Troutville 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 Troutville'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 zip code 19087 with a rate of 2.45%, while the lowest median tax rate is in zip code 17020 at 0.09%. Understanding how these areas compare with Troutville 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 Troutville 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 Troutville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15866 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Troutville, Pennsylvania
In Troutville, 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 Troutville, 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 Troutville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 15866, with a median tax bill of $209.
Average Troutville Assessed Value
$83,965
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 Troutville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15866 | $34,040 | $52,967 | $83,965 | $122,475 | $170,076 |
Source: Ownwell
Property Tax Bills Across Troutville, Pennsylvania
In Troutville, 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 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 Troutville, the median home price is $83,965. Tax bills can vary significantly; for instance, the 25th percentile tax bill is $131, while the 75th percentile tax bill is $318, and the 90th percentile tax bill reaches up to $425. These property taxes are crucial as they fund local services such as schools, public safety, and infrastructure. Homeowners in Troutville may find their tax bills relatively manageable compared to the national median property tax rate of 0.99%. However, the impact on individual homeowners can vary, affecting their overall cost of living and financial planning. Understanding how these taxes are calculated helps homeowners anticipate their expenses and plan accordingly.
Average Troutville Tax Bill
$209
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Troutville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15866 | $84 | $131 | $209 | $318 | $425 |
Source: Ownwell