Clearville, Pennsylvania Property Taxes
The median property tax rate in Clearville, PA is 1.58%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Clearville at $126,400, the typical annual property tax bill reaches $1,719, exceeding the national median of $2,690. Property taxes in Clearville 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 Clearville'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 Clearville 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
Clearville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$1,997
Ownwell’s Clearville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clearville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clearville 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 Clearville, Pennsylvania
Property taxes in Clearville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Clearville is 1.58%, which is higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Clearville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Clearville 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 Clearville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15535 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these cities compare with Clearville provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clearville Tax Rate
1.58%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clearville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15535 | 0.66% | 1.22% | 1.58% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Clearville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clearville, Pennsylvania. 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 Bedford 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. 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 Clearville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Clearville is $126,400, with the highest median tax bill recorded at $1,719 in zip code 15535.
Property Tax Assessment Values Across Clearville, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average Clearville Assessed Value
$126,400
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clearville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15535 | $39,280 | $74,700 | $126,400 | $199,000 | $369,560 |
Source: Ownwell
Property Tax Bills Across Clearville, Pennsylvania
In Clearville, property tax bills are calculated based on the assessed value of a home and the local tax rate set by Bedford County. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Clearville pay a median tax bill of $1,719, which is higher than the national median property tax rate of 0.99%. For instance, homeowners in the 25th percentile pay around $1,009, while those in the 75th percentile face tax bills closer to $2,552. The 90th percentile sees tax bills as high as $3,744. These tax bills fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in Clearville. Higher property taxes can influence a homeowner's budget and property value as potential buyers often consider tax rates when purchasing a home. Understanding how these factors interplay helps homeowners make informed financial decisions.
Average Clearville Tax Bill
$1,719
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Clearville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15535 | $534 | $1,009 | $1,719 | $2,552 | $3,744 |
Source: Ownwell