Clymer, Pennsylvania Property Taxes
The median property tax rate in Clymer, PA is 1.49%, higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Clymer at $70,800, the typical annual property tax bill reaches $1,486, which is below the national median of $2,690. Property taxes in Clymer 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 Clymer'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 Clymer 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
Clymer, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$1,055
Ownwell’s Clymer Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clymer with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clymer 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 Clymer, Pennsylvania
Property taxes in Clymer, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clymer is 1.49%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Clymer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clymer 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 Clymer's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15728 zip code has the highest median property tax rate of 1.49%, while the same zip code also has the lowest median tax rate of 1.49%. Understanding how these areas compare with Clymer provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clymer Tax Rate
1.49%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clymer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15728 | 1.44% | 1.44% | 1.49% | 2.52% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Clymer, Pennsylvania
In Clymer, 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 Indiana 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 Clymer, 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 Clymer 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 15728, with a tax bill of $1,486, which is significantly higher than the national median property tax rate of 0.99%.
Average Clymer Assessed Value
$70,800
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clymer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15728 | $18,400 | $42,375 | $70,800 | $121,700 | $200,620 |
Source: Ownwell
Property Tax Bills Across Clymer, Pennsylvania
Property tax bills in Clymer, located in Indiana County, PA, are determined by a combination of the assessed value of a property and the local tax rate. The median home price in Clymer is $70,800. Property assessments are based on various factors, including the property's size, location, and condition. Once the assessed value is determined, it is multiplied by the local tax rate to calculate the annual property tax bill. In Clymer, property tax bills can vary significantly. For example, the tax bill at the 25th percentile is $858, while at the 75th percentile, it rises to $2,132. The top 10% of tax bills can reach up to $3,136. Comparatively, the highest median tax bill in the area is $1,486, which is significantly higher than the national median property tax rate of 0.99%. These tax bills have a direct impact on homeowners, influencing their overall cost of living and potentially affecting their ability to invest in home improvements or other financial priorities.
Average Clymer Tax Bill
$1,486
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Clymer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15728 | $420 | $858 | $1,486 | $2,132 | $3,136 |
Source: Ownwell