Morrisdale, Pennsylvania Property Taxes
The median property tax rate in Morrisdale, 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 Morrisdale at $97,980, the typical annual property tax bill is around $246, well below the national median of $2,690. Property taxes in Morrisdale are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Morrisdale'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 Morrisdale 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
Morrisdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$245
Ownwell’s Morrisdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morrisdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morrisdale 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 Morrisdale, Pennsylvania
Property taxes in Morrisdale, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morrisdale is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Morrisdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morrisdale 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 Morrisdale's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania is significantly higher, while some areas have much lower rates. Understanding how these cities compare with Morrisdale 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 Morrisdale 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 Morrisdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16858 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Morrisdale, Pennsylvania
In Morrisdale, 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 Morrisdale, 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. The median home price in Morrisdale is $97,980, with tax bills ranging from $136 at the 25th percentile to $525 at the 90th percentile. The highest and lowest median tax bills both stand at $246 in the 16858 zip code. By understanding these valuation processes, 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 Morrisdale Assessed Value
$97,980
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 Morrisdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16858 | $28,788 | $54,293 | $97,980 | $150,820 | $210,101 |
Source: Ownwell
Property Tax Bills Across Morrisdale, Pennsylvania
In Morrisdale, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $97,980, homeowners can expect tax bills to vary significantly. Factors such as property location, home improvements, and market conditions influence the assessed value. In Morrisdale, the tax bill at the 25th percentile is $136, while at the 75th percentile, it rises to $378. At the 90th percentile, it can reach up to $525. These variations highlight how property assessments and local tax rates impact homeowners differently. Compared to the national median property tax rate of 0.99%, Morrisdale's tax rates reflect local economic conditions and funding needs. Understanding these factors helps homeowners anticipate their property tax liabilities and plan accordingly.
Average Morrisdale Tax Bill
$246
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morrisdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16858 | $72 | $136 | $246 | $378 | $525 |
Source: Ownwell