Glen Hope, Pennsylvania Property Taxes
The median property tax rate in Glen Hope, 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 Glen Hope, the typical annual property tax bill is $194, which is well below the national median of $2,690. Property taxes in Glen Hope 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 Glen Hope'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 Glen Hope 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
Glen Hope, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$196
Ownwell’s Glen Hope Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Glen Hope with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Glen Hope 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 Glen Hope, Pennsylvania
Property taxes in Glen Hope, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Glen Hope is 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 Glen Hope set these rates annually, and they can vary significantly across different neighborhoods. Each year, Glen Hope 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. Understanding how Glen Hope's effective property tax rate compares with other regions in Clearfield County and the national median provides valuable insights into the varying tax landscape across the area, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Glen Hope 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 Glen Hope, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16645 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Glen Hope, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Glen Hope, PA. 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 Glen Hope, 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 Glen Hope helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Glen Hope is $78,535, with tax bills ranging from $139 at the 25th percentile to $359 at the 90th percentile. The zip code 16645 has both the highest and lowest median tax bill at $194.
Average Glen Hope Assessed Value
$78,535
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 Glen Hope, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16645 | $39,621 | $56,250 | $78,535 | $107,449 | $144,924 |
Source: Ownwell
Property Tax Bills Across Glen Hope, Pennsylvania
In Glen Hope, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. The assessed value is a percentage of the market value, which is then multiplied by the tax rate set by Clearfield County. Homeowners in Glen Hope can expect a median home price of $78,535. Property tax bills vary significantly, with the 25th percentile at $139 and the 75th percentile at $266, indicating a range based on property values and exemptions. Factors such as property size, improvements, and location within the city can influence the assessed value. Additionally, Clearfield County may offer exemptions or reductions for certain homeowners, such as veterans or seniors, which can lower the overall tax burden. For comparison, the national median property tax rate is 0.99%, making Glen Hope's rates relatively moderate. Understanding these factors helps homeowners anticipate their tax bills and plan their finances accordingly, ensuring they are prepared for annual property tax payments.
Average Glen Hope Tax Bill
$194
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Glen Hope, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16645 | $98 | $139 | $194 | $266 | $359 |
Source: Ownwell