Brisbin, Pennsylvania Property Taxes
The median property tax rate in Brisbin, 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 $59,848 in Brisbin, the typical annual property tax bill is just $148, far below the national median of $2,690. Property taxes in Brisbin are calculated based on the tax assessed value, which is often less than the market value due to exemptions such as those for primary residences and agricultural properties. Understanding Brisbin'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 Brisbin 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
Brisbin, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$150
Ownwell’s Brisbin Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Brisbin with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Brisbin 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 Brisbin, Pennsylvania
Property taxes in Brisbin, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Brisbin is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Brisbin set these rates annually, and they can vary significantly across different neighborhoods. Each year, Brisbin 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. Understanding how Brisbin's effective property tax rate compares to other areas in Clearfield County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Brisbin 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 Brisbin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16620 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Brisbin, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Brisbin, 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 Brisbin, 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. The median home price in Brisbin is $59,848, with the 25th percentile tax bill at $102 and the 75th percentile at $231, while the highest median tax bill in zip code 16620 is $148. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Brisbin Assessed Value
$59,848
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 Brisbin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16620 | $24,671 | $41,288 | $59,848 | $93,181 | $134,318 |
Source: Ownwell
Property Tax Bills Across Brisbin, Pennsylvania
In Brisbin, property tax bills are calculated based on the assessed value of a home, which is determined by the Clearfield County tax assessor. The assessed value is a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual tax bill. Several factors influence the tax bill, including property size, location, and any exemptions or abatements the homeowner may qualify for. The median home price in Brisbin is $59,848, which provides a baseline for understanding typical tax bills in the area. For instance, the 25th percentile tax bill is around $102, while the 75th percentile tax bill is approximately $231. At the 90th percentile, homeowners can expect to pay around $332 annually. These tax bills can significantly impact homeowners, influencing their overall housing costs and potentially affecting decisions on buying or selling property. Compared to the national median property tax rate of 0.99%, Brisbin's property tax rates reflect the local economic conditions and property values.
Average Brisbin Tax Bill
$148
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Brisbin, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16620 | $61 | $102 | $148 | $231 | $332 |
Source: Ownwell