Drifting, Clearfield County, Pennsylvania Property Taxes
The median property tax rate in Drifting, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $84,596 in Drifting, the typical annual property tax bill is $209, far below the national median of $2,690. Property taxes in Drifting are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Drifting’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Drifting or another part of Clearfield County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Drifting, Clearfield County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$211
$196
Ownwell’s Drifting Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Drifting with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Drifting 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 Drifting, Clearfield County, Pennsylvania
Property taxes in Drifting, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Drifting stands at 0.25%, which is significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Drifting set these rates annually, and they can vary significantly across different neighborhoods. Each year, Drifting 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 Drifting's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the region is 1.89%, while the lowest median tax rate is 0.25%. Understanding how these areas compare with Drifting 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 Drifting 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 Drifting, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16834 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Drifting, Clearfield County, Pennsylvania
In Drifting, 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 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 Drifting, 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 Drifting helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16834 has the highest median tax bill at $209, while the lowest median tax bill is also $209, indicating a uniformity in tax assessments in this area.
Property Tax Assessment Values Across Drifting, Clearfield County, Pennsylvania
Source: Ownwell
$41,162
$96,844
$152,526
Average Drifting Assessed Value
$84,596
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 Drifting, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16834 | $17,525 | $34,849 | $84,596 | $127,020 | $172,879 |
Source: Ownwell
Property Tax Bills Across Drifting, Clearfield County, Pennsylvania
In Drifting, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the property tax rate to determine the annual tax bill. For instance, with a median home price of $84,596, homeowners can expect a range of property tax bills. The 25th percentile tax bill is around $86, while the 75th percentile reaches $314, and the 90th percentile can go up to $428. Compared to the national median property tax rate of 0.99%, Drifting offers relatively low property tax bills, making it a more affordable option for homeowners. Factors such as property improvements, neighborhood developments, and changes in market conditions can influence the assessed value, thereby affecting the tax bill. Understanding these elements can help homeowners anticipate their financial obligations and plan accordingly.
Average Drifting Tax Bill
$209
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Drifting, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16834 | $43 | $86 | $209 | $314 | $428 |
Source: Ownwell