Cranberry, Clarion County, Pennsylvania Property Taxes
The median property tax rate in Cranberry, PA is 7.93%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Cranberry, the typical annual property tax bill reaches $1,387, which is below the national median of $2,690. Property taxes in Cranberry are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Cranberry'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 Cranberry 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
Cranberry, Clarion County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.93%
Estimate Property Tax Bill
$1,387
$1,287
Ownwell’s Cranberry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Cranberry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Cranberry 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 Cranberry, Clarion County, Pennsylvania
Property taxes in Cranberry, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Cranberry is 7.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Cranberry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Cranberry 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 Cranberry's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16319 has the highest median property tax rate of 7.93%, while the lowest median tax rate is also 7.93%, within the same zip code. Understanding how these areas compare with Cranberry provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Cranberry Tax Rate
7.93%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Cranberry, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16319 | 7.93% | 7.93% | 7.93% | 7.93% | 7.93% |
Source: Ownwell
Property Tax Assessment Values Across Cranberry, Clarion County, Pennsylvania
In Cranberry, 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 Clarion 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 Cranberry, 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 Cranberry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Cranberry are both $1387, notably in zip code 16319.
Property Tax Assessment Values Across Cranberry, Clarion County, Pennsylvania
Source: Ownwell
$5,932
$14,334
$22,736
Average Cranberry Assessed Value
$17,494
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Cranberry, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16319 | $5,134 | $10,408 | $17,494 | $23,866 | $29,227 |
Source: Ownwell
Property Tax Bills Across Cranberry, Clarion County, Pennsylvania
In Cranberry, Clarion County, PA, property tax bills are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is a percentage of the market value, which is determined through periodic assessments by local authorities. Factors such as property size, location, and improvements can influence this assessed value. The median home price in Cranberry is $17,494, significantly lower than the national median. Homeowners in Cranberry can expect property tax bills to vary widely. For instance, the tax bill at the 25th percentile is $825, while at the 75th percentile, it rises to $1,893. At the 90th percentile, the tax bill can reach up to $2,318. The highest median tax bill in the area is $1,387, which is consistent across zip code 16319. These taxes fund essential public services like schools, roads, and emergency services, directly impacting the community's quality of life. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average Cranberry Tax Bill
$1,387
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Cranberry, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16319 | $407 | $825 | $1,387 | $1,893 | $2,318 |
Source: Ownwell