Coalport, Pennsylvania Property Taxes
The median property tax rate in Coalport, 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 Coalport, the typical annual property tax bill is just $168, far below the national median of $2,690. Property taxes in Coalport are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Coalport'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 Coalport or another part of Clearfield County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Coalport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$169
Ownwell’s COALPORT Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in COALPORT with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in COALPORT 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 Coalport, Pennsylvania
Property taxes in Coalport, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Coalport is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Coalport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Coalport 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 Coalport'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 19073 with a rate of 2.02%, while the lowest is in 15825 with a rate of 0.27%. Understanding how these cities compare with Coalport 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 Coalport 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 Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Coalport, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Coalport, 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 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 Coalport, 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 Coalport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Coalport is $67,424, with the highest median tax bill being $168.00 in zip code 16627 and the lowest median tax bill also being $168.00 in the same zip code.
Average Coalport Assessed Value
$67,424
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 Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | $23,232 | $42,424 | $67,424 | $110,543 | $161,389 |
Source: Ownwell
Property Tax Bills Across Coalport, Pennsylvania
In Coalport, property tax bills are calculated based on the assessed value of a home, which is determined by the Clearfield County assessor's office. The median home price in Coalport is $67,424. Property taxes in this area are relatively low compared to the national median property tax rate of 0.99%. For instance, the tax bill at the 25th percentile is $105, while at the 75th percentile, it is $276. At the 90th percentile, homeowners can expect to pay around $404. These tax bills are influenced by several factors, including the assessed value of the property and the local tax rate. The highest and lowest median tax bills in Coalport are both $168, specifically in the zip code 16627. This relatively low property tax burden can be beneficial for homeowners, making it more affordable to own and maintain property in Coalport. The lower tax rates can also make the area more attractive to potential homebuyers, potentially boosting the local real estate market.
Average Coalport Tax Bill
$168
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Coalport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16627 | $58 | $105 | $168 | $276 | $404 |
Source: Ownwell