Morann, Pennsylvania Property Taxes
The median property tax rate in Morann, 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 Morann, the typical annual property tax bill is $127, far below the national median of $2,690. Property taxes in Morann are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Morann'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 Morann or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Morann, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$128
Ownwell’s Morann Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Morann with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Morann 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 Morann, Pennsylvania
Property taxes in Morann, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Morann 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 Morann set these rates annually, and they can vary significantly across different neighborhoods. Each year, Morann 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 Morann'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 significantly higher, while the lowest median tax rate is also notably different. Understanding how these cities compare with Morann 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 Morann 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 Morann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16663 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Morann, Pennsylvania
In Morann, 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 Morann, 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 Morann helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bill in Morann, both at $127, are found in zip code 16663.
Average Morann Assessed Value
$51,262
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 Morann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16663 | $25,935 | $42,866 | $51,262 | $86,490 | $111,364 |
Source: Ownwell
Property Tax Bills Across Morann, Pennsylvania
In Morann, 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 tax rate is applied to this assessed value to determine the annual property tax bill. Several factors influence this calculation, including the home's market value, location, and any applicable exemptions or abatements. For homeowners in Morann, the median home price is $51,262. The property tax bill can vary significantly, with the 25th percentile at $106 and the 75th percentile at $214. At the 90th percentile, homeowners might expect to pay around $276 annually. These figures are relatively low compared to the national median property tax rate of 0.99%, making property taxes in Morann quite manageable for most homeowners. Understanding these factors helps homeowners anticipate their annual tax obligations and plan accordingly.
Average Morann Tax Bill
$127
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Morann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16663 | $64 | $106 | $127 | $214 | $276 |
Source: Ownwell