Westover, Pennsylvania Property Taxes
The median property tax rate in Westover, PA is 0.25%, considerably lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Westover at $76,010, the typical annual property tax bill reaches $188, significantly below the national median of $2,690. Property taxes in Westover 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 Westover'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 Westover 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
Westover, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$190
Ownwell’s Westover Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Westover with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Westover 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 Westover, Pennsylvania
Property taxes in Westover, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Westover is 0.25%, which is significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Westover set these rates annually, and they can vary significantly across different neighborhoods. Each year, Westover 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 Westover's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the region is 1.5%, while the lowest median tax rate is 0.2%. Understanding how these cities compare with Westover 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 Westover 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 Westover, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16692 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Westover, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Westover, Pennsylvania. 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 Westover, 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 Westover helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16692 has the highest and lowest median tax bill at $188.
Average Westover Assessed Value
$76,010
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 Westover, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16692 | $23,838 | $45,707 | $76,010 | $123,232 | $172,475 |
Source: Ownwell
Property Tax Bills Across Westover, Pennsylvania
In Westover, Clearfield County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. The assessed value is a percentage of the property's market value, and this figure is crucial in determining the tax bill. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax owed by the homeowner. Several factors influence the assessed value, including the size of the property, location, and any improvements or renovations made. For example, a median home price in Westover is about $76,010. Property tax bills can vary significantly; the 25th percentile tax bill is around $113, while the 75th percentile reaches $305, and the 90th percentile can go up to $431. These property taxes impact homeowners by contributing to local services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Westover's tax rates reflect local economic conditions and funding requirements.
Average Westover Tax Bill
$188
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Westover, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16692 | $59 | $113 | $188 | $305 | $431 |
Source: Ownwell