Reynoldsville, Pennsylvania Property Taxes
The median property tax rate in Reynoldsville, 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 Reynoldsville, the typical annual property tax bill is $350, far below the national median of $2,690. Property taxes in Reynoldsville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as the primary residence and agricultural exemptions. Understanding Reynoldsville'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 Reynoldsville 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
Reynoldsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$353
Ownwell’s Reynoldsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Reynoldsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Reynoldsville 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 Reynoldsville, Pennsylvania
Property taxes in Reynoldsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Reynoldsville is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Reynoldsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Reynoldsville 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 Reynoldsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania is found in certain areas, while other regions have much lower rates. Understanding how these cities compare with Reynoldsville 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 Reynoldsville 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 Reynoldsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15851 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Reynoldsville, Pennsylvania
In Reynoldsville, 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 Reynoldsville, 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 Reynoldsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Reynoldsville are both $350.00 in the 15851 zip code.
Property Tax Assessment Values Across Reynoldsville, Pennsylvania
Source: Ownwell
$25,505
$91,730
$157,954
Average Reynoldsville Assessed Value
$141,288
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 Reynoldsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15851 | $115,126 | $124,937 | $141,288 | $157,639 | $167,450 |
Source: Ownwell
Property Tax Bills Across Reynoldsville, Pennsylvania
In Reynoldsville, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in this area is $141,288, which serves as a basis for determining property taxes. The local tax rate is applied to this assessed value to compute the annual tax bill. Various factors such as property location, home size, and improvements can influence the assessed value, thus affecting the final tax bill. Homeowners in Reynoldsville experience a range of property tax bills. At the 25th percentile, tax bills are around $309, while those at the 75th percentile see bills closer to $390. The 90th percentile tax bills can reach up to $414. These figures illustrate the variability in tax obligations, which can significantly impact household budgets. Compared to the national median property tax rate of 0.99%, Reynoldsville’s property taxes are relatively moderate, providing some relief to homeowners while still supporting local services and infrastructure.
Average Reynoldsville Tax Bill
$350
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Reynoldsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15851 | $285 | $309 | $350 | $390 | $414 |
Source: Ownwell