Osceola Mills, Pennsylvania Property Taxes
The median property tax rate in Osceola Mills, PA is 0.25%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $65,909 in Osceola Mills, the typical annual property tax bill is just $163, well below the national median of $2,690. Property taxes in Osceola Mills are calculated based on the tax assessed value, which often falls below market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Osceola Mills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Osceola Mills or another part of Clearfield County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Osceola Mills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$165
Ownwell’s Osceola Mills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Osceola Mills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Osceola Mills 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 Osceola Mills, Pennsylvania
Property taxes in Osceola Mills, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Osceola Mills is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Osceola Mills set these rates annually, and they can vary across different neighborhoods. Each year, Osceola Mills 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 Osceola Mills' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania can be found in zip code 19446 with a rate of 1.35%, while the lowest median tax rate is in zip code 16820 at 0.18%. Understanding how these cities compare with Osceola Mills 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 Osceola Mills 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 Osceola Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16666 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Osceola Mills, Pennsylvania
In Osceola Mills, 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 Osceola Mills, 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 Osceola Mills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $163.00, found in zip code 16666.
Property Tax Assessment Values Across Osceola Mills, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Osceola Mills Assessed Value
$65,909
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 Osceola Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16666 | $26,440 | $46,464 | $65,909 | $97,223 | $146,465 |
Source: Ownwell
Property Tax Bills Across Osceola Mills, Pennsylvania
In Osceola Mills, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For homeowners in Osceola Mills, the median home price is $65,909. Property tax bills can vary significantly, reflecting the diverse range of property values and tax rates within the area. For instance, the 25th percentile of tax bills is $115, while the 75th percentile reaches $241, and the 90th percentile peaks at $363. These figures illustrate how property taxes can impact homeowners differently depending on their property’s assessed value. Compared to the national median property tax rate of 0.99%, Osceola Mills offers relatively affordable property taxes, which can be a significant advantage for homeowners looking to manage their annual expenses. Understanding these factors is crucial for homeowners as they navigate their financial planning and property investments.
Average Osceola Mills Tax Bill
$163
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Osceola Mills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16666 | $65 | $115 | $163 | $241 | $363 |
Source: Ownwell