Kossuth, Clarion County, Pennsylvania Property Taxes
The median property tax rate in Kossuth, PA is 7.93%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Kossuth, the typical annual property tax bill reaches $1,487, exceeding the national median of $2,690. Property taxes in Kossuth 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 Kossuth'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 Kossuth 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
Kossuth, Clarion County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.93%
Estimate Property Tax Bill
$1,487
$1,380
Ownwell’s Kossuth Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Kossuth with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Kossuth 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 Kossuth, Clarion County, Pennsylvania
Property taxes in Kossuth, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Kossuth is 7.93%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Kossuth set these rates annually, and they can vary significantly across different neighborhoods. Each year, Kossuth 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 Kossuth's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16331 zip code has the highest median property tax rate of 7.93%, while the same zip code also has the lowest median tax rate of 7.93%. Understanding how these areas compare with Kossuth 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 Kossuth 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 Kossuth, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16331 | 7.93% | 7.93% | 7.93% | 7.93% | 7.93% |
Source: Ownwell
Property Tax Assessment Values Across Kossuth, Clarion County, Pennsylvania
In Kossuth, 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 Kossuth, 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 Kossuth helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16331, with a tax bill of $1,487.
Property Tax Assessment Values Across Kossuth, Clarion County, Pennsylvania
Source: Ownwell
$5,932
$14,334
$22,736
Average Kossuth Assessed Value
$18,755
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 Kossuth, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16331 | $7,160 | $10,944 | $18,755 | $24,196 | $30,476 |
Source: Ownwell
Property Tax Bills Across Kossuth, Clarion County, Pennsylvania
In Kossuth, PA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local property tax rate. The median home price in Kossuth is $18,755. Homeowners in this area experience varying tax bills, with the 25th percentile at $868 and the 75th percentile at $1,919. The 90th percentile sees tax bills as high as $2,417. These figures are influenced by several factors, including the home's assessed value, local tax rates, and applicable exemptions. The highest and lowest median tax bills in Kossuth are both $1,487, corresponding to the zip code 16331. This means homeowners in this zip code pay a median tax bill that is significantly higher than the national median property tax rate of 0.99%. Understanding these details helps homeowners anticipate their annual tax obligations and plan their finances accordingly.
Average Kossuth Tax Bill
$1,487
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Kossuth, Clarion County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16331 | $568 | $868 | $1,487 | $1,919 | $2,417 |
Source: Ownwell