Luthersburg, Pennsylvania Property Taxes
The median property tax rate in Luthersburg, 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 Luthersburg, the typical annual property tax bill reaches $259, far below the national median of $2,690. Property taxes in Luthersburg 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 Luthersburg'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 Luthersburg or another part of Clearfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Luthersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$261
Ownwell’s Luthersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Luthersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Luthersburg 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 Luthersburg, Pennsylvania
Property taxes in Luthersburg, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Luthersburg is 0.25%, which is lower than the Pennsylvania state median of 1.35% and significantly below the U.S. national median of 0.99%. Local government entities within Luthersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Luthersburg 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 Luthersburg's effective property tax rate to other counties in Pennsylvania and the national median. Understanding how these cities compare with Luthersburg 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 Luthersburg 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 Luthersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15848 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Luthersburg, Pennsylvania
In Luthersburg, 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 Luthersburg, 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 Luthersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15848 has the highest and lowest median tax bill, both at $259.
Property Tax Assessment Values Across Luthersburg, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Luthersburg Assessed Value
$104,546
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 Luthersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15848 | $26,541 | $57,967 | $104,546 | $146,338 | $204,874 |
Source: Ownwell
Property Tax Bills Across Luthersburg, Pennsylvania
In Luthersburg, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county's assessment office. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. The median home price in Luthersburg is $104,546, and the property tax rate is a significant factor in calculating the tax bill. For homeowners in Luthersburg, the property tax bill can vary widely. At the 25th percentile, the tax bill is $144, while at the 75th percentile, it rises to $362. For the top 10% of properties, the tax bill can reach up to $507. The highest and lowest median tax bills in the area are both $259, indicating a relatively narrow range in tax obligations for most residents. Compared to the national median property tax rate of 0.99%, Luthersburg’s rates can be considered moderate, impacting homeowners' financial planning and overall housing costs.
Average Luthersburg Tax Bill
$259
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Luthersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15848 | $67 | $144 | $259 | $362 | $507 |
Source: Ownwell