Clifton Township, Pennsylvania Property Taxes
The median property tax rate in Clifton Township, PA is 2.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Clifton Township, the typical annual property tax bill reaches $4,496, exceeding the national median of $2,690. Property taxes in Clifton Township 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 Clifton Township'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 Clifton Township 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
Clifton Township, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$4,490
-$47,051
Ownwell’s Clifton Township Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clifton Township with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clifton Township 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 Clifton Township, Pennsylvania
Property taxes in Clifton Township, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Clifton Township is 2.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Clifton Township set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clifton Township 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 Clifton Township's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the ZIP code 18424 has the highest median property tax rate of 2.30%, while the lowest median tax rate is also 2.30% in the same ZIP code. Understanding how these areas compare with Clifton Township provides valuable insights into the varying tax landscape across Wayne County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clifton Township Tax Rate
2.30%
Average Wayne County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clifton Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18424 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Clifton Township, Pennsylvania
In Clifton Township, 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 Wayne 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 Clifton Township, 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 Clifton Township is $195,200, with tax bills ranging from $3,485 at the 25th percentile to $4,599 at the 90th percentile. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Clifton Township, Pennsylvania
Source: Ownwell
$7,000
$250,600
$494,200
Average Clifton Township Assessed Value
$195,200
Average Wayne County Assessed Value
$179,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clifton Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18424 | $124,960 | $151,300 | $195,200 | $198,000 | $199,680 |
Source: Ownwell
Property Tax Bills Across Clifton Township, Pennsylvania
In Clifton Township, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The median home price in Clifton Township is $195,200. Homeowners in this area face a median property tax bill of $4,496, which is significantly higher than the national median property tax rate of 0.99%. Factors such as home location, property size, and local government budgets play a crucial role in determining the tax bill. For example, tax bills can range from the 25th percentile at $3,485 to the 75th percentile at $4,560, with the 90th percentile reaching up to $4,599. This variation can greatly affect homeowners, as higher property taxes can increase the overall cost of owning a home. Understanding these factors can help homeowners better anticipate their annual property tax obligations and plan their finances accordingly.
Average Clifton Township Tax Bill
$4,496
Average Wayne County Tax Bill
$4,013
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Clifton Township, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18424 | $2,878 | $3,485 | $4,496 | $4,560 | $4,599 |
Source: Ownwell