Grassflat, Pennsylvania Property Taxes
The median property tax rate in Grassflat, 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 Grassflat, the typical annual property tax bill is $152, far below the national median of $2,690. Property taxes in Grassflat 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 Grassflat'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 Grassflat 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
Grassflat, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$153
Ownwell’s Grassflat Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Grassflat with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Grassflat 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 Grassflat, Pennsylvania
Property taxes in Grassflat, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Grassflat is 1.46%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Grassflat set these rates annually, and they can vary significantly across different neighborhoods. Each year, Grassflat 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 Grassflat's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, 16858 has the highest median property tax rate of 1.46%, while 16858 has the lowest median tax rate of 1.46%. Understanding how these cities compare with Grassflat provides valuable insights into the varying tax landscape across Clearfield, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Grassflat 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 Grassflat, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16839 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Grassflat, Pennsylvania
In Grassflat, 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. 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 Grassflat helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Grassflat are both $152.00, found in the 16839 zip code.
Average Grassflat Assessed Value
$61,237
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 Grassflat, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16839 | $24,066 | $38,195 | $61,237 | $87,816 | $126,465 |
Source: Ownwell
Property Tax Bills Across Grassflat, Pennsylvania
In Grassflat, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Various factors influence this assessed value, including the property's location, size, and condition. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Grassflat, the median home price is $61,237. The property tax bills vary significantly, with the 25th percentile at $95, the 75th percentile at $217, and the 90th percentile reaching $313. These figures show that while some homeowners pay relatively low taxes, others may face higher bills depending on their property's assessed value. The national median property tax rate is 0.99%, which provides a benchmark for comparison. For Grassflat residents, understanding these factors is crucial for financial planning and property investment decisions.
Average Grassflat Tax Bill
$152
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Grassflat, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16839 | $60 | $95 | $152 | $217 | $313 |
Source: Ownwell