Madera, Pennsylvania Property Taxes
The median property tax rate in Madera, 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 Madera at $62,122, the typical annual property tax bill is $154, well below the national median of $2,690. Property taxes in Madera are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Madera'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 Madera or another part of Clearfield County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Madera, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$155
Ownwell’s Madera Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Madera with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Madera 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 Madera, Pennsylvania
Property taxes in Madera, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Madera is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Madera set these rates annually, and they can vary significantly across different neighborhoods. Each year, Madera 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 Madera'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 2.02%, while the lowest median tax rate is 0.91%. Understanding how these cities compare with Madera 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 Madera 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 Madera, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16661 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Madera, Pennsylvania
In Madera, 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 Madera, 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 Madera helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Madera, the highest and lowest median tax bills are both $154.00, found in the zip code 16661.
Average Madera Assessed Value
$62,122
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 Madera, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16661 | $20,960 | $41,162 | $62,122 | $89,773 | $127,475 |
Source: Ownwell
Property Tax Bills Across Madera, Pennsylvania
In Madera, PA, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The local tax rate, applied to this assessed value, ultimately dictates the amount homeowners owe. For instance, with a median home price of $62,122, the 25th percentile tax bill is $102, while the 75th percentile tax bill reaches $222. The 90th percentile tax bill can go up to $315, highlighting the range of property tax amounts homeowners might encounter. Various factors influence the tax bill, including property size, location, and any applicable exemptions or abatements. Comparatively, the median tax bill in Madera is $154, which is considerably lower than the national median property tax rate of 0.99%. This relatively low tax burden can be beneficial for homeowners, making property ownership more affordable and potentially increasing the attractiveness of the area for new buyers. Understanding these factors helps homeowners anticipate their financial obligations and plan accordingly.
Average Madera Tax Bill
$154
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Madera, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16661 | $52 | $102 | $154 | $222 | $315 |
Source: Ownwell