Houtzdale, Pennsylvania Property Taxes
The median property tax rate in Houtzdale, PA is 0.25%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Houtzdale at $72,601, the typical annual property tax bill is $181, well below the national median of $2,690. Property taxes in Houtzdale 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 Houtzdale'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 Houtzdale 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
Houtzdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$182
Ownwell’s Houtzdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Houtzdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Houtzdale 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 Houtzdale, Pennsylvania
Property taxes in Houtzdale, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Houtzdale 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 Houtzdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Houtzdale 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 Houtzdale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, some areas in Pennsylvania have higher median property tax rates, while others have lower rates. Understanding how these cities compare with Houtzdale 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 Houtzdale 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 Houtzdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16651 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Houtzdale, Pennsylvania
In Houtzdale, 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 Houtzdale, 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 Houtzdale helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Houtzdale is $72,601. The highest median tax bill is $181 in the 16651 zip code, which is also the lowest median tax bill in the area.
Average Houtzdale Assessed Value
$72,601
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 Houtzdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16651 | $25,732 | $46,717 | $72,601 | $118,876 | $168,687 |
Source: Ownwell
Property Tax Bills Across Houtzdale, Pennsylvania
In Houtzdale, located in Clearfield County, PA, property tax bills are determined based on the assessed value of a home and the local tax rate. Homeowners in this region experience property tax rates that are relatively moderate compared to the national median property tax rate of 0.99%. The median home price in Houtzdale is $72,601, and this value plays a significant role in calculating the tax bill. Local authorities assess properties to determine their taxable value, which is then multiplied by the applicable tax rate to calculate the annual tax bill. For example, the 25th percentile tax bill is around $116, while the 75th percentile tax bill reaches approximately $294. At the higher end, the 90th percentile tax bill can be as much as $418. These figures indicate a range of tax burdens depending on property values and other local factors. Homeowners should be aware of these dynamics, as they directly influence their annual financial obligations.
Average Houtzdale Tax Bill
$181
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Houtzdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16651 | $64 | $116 | $181 | $294 | $418 |
Source: Ownwell