Burnside, Pennsylvania Property Taxes
The median property tax rate in Burnside, 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 Burnside, the typical annual property tax bill is $151, far below the national median of $2,690. Property taxes in Burnside are calculated based on the tax assessed value, which often falls below the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Burnside'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 Burnside 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
Burnside, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$153
Ownwell’s Burnside Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Burnside with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Burnside 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 Burnside, Pennsylvania
Property taxes in Burnside, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Burnside is 0.25%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Burnside set these rates annually, and they can vary significantly across different neighborhoods. Each year, Burnside 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 these cities compare with Burnside 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 Burnside 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 Burnside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15721 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Burnside, Pennsylvania
In Burnside, 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 Appraisal District 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 Burnside, 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. For instance, the median home price in Burnside is $61,111, with tax bills ranging from $96 at the 25th percentile to $315 at the 90th percentile. The highest and lowest median tax bills, both at $151, are found in the 15721 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Burnside Assessed Value
$61,111
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 Burnside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15721 | $22,980 | $38,889 | $61,111 | $89,142 | $127,273 |
Source: Ownwell
Property Tax Bills Across Burnside, Pennsylvania
In Burnside, located in 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 county assessor and is a percentage of the home's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Burnside, the median home price is $61,111, and property tax bills vary widely. The 25th percentile tax bill stands at $96, while the 75th percentile reaches $221. For those at the 90th percentile, the tax bill can be as high as $315. These figures show a range of tax burdens, reflecting differences in property values and assessments. Compared to the national median property tax rate of 0.99%, Burnside's property taxes can be considered relatively moderate. Homeowners need to be aware of their property's assessed value and how it influences their tax obligations. Understanding these factors helps in planning and managing annual expenses effectively.
Average Burnside Tax Bill
$151
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Burnside, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15721 | $57 | $96 | $151 | $221 | $315 |
Source: Ownwell