Munson, Pennsylvania Property Taxes
The median property tax rate in Munson, PA is 0.25%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Munson, the typical annual property tax bill is $166, far below the national median of $2,690. Property taxes in Munson are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Munson'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 Munson 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
Munson, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$167
Ownwell’s Munson Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Munson with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Munson 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 Munson, Pennsylvania
Property taxes in Munson, Pennsylvania, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Munson is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Munson set these rates annually, and they can vary significantly across different neighborhoods. Each year, Munson 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 Munson'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 found in some areas with rates significantly higher than Munson's 0.25%, while other regions have lower median tax rates. Understanding how these cities compare with Munson 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 Munson 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 Munson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16860 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Munson, Pennsylvania
In Munson, 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 Munson, 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. The median home price in Munson is $66,919, with the 25th percentile tax bill at $98 and the 75th percentile tax bill at $281. The highest and lowest median tax bills are both $166 in the 16860 zip code. 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 Munson helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Munson Assessed Value
$66,919
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 Munson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16860 | $17,879 | $39,647 | $66,919 | $113,637 | $163,738 |
Source: Ownwell
Property Tax Bills Across Munson, Pennsylvania
In Munson, located in Clearfield County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and is typically a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. Factors that influence the tax bill include the property's location, size, and any applicable exemptions. For instance, in Munson, the median home price is $66,919. Homeowners can expect their tax bills to vary significantly, with the 25th percentile at $98 and the 75th percentile at $281. At the 90th percentile, tax bills can reach up to $405. Compared to the national median property tax rate of 0.99%, Munson's property tax rates can be relatively manageable, providing some financial relief to homeowners. However, the exact impact on individual homeowners will depend on their property's specific assessed value and any qualifying exemptions.
Average Munson Tax Bill
$166
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Munson, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16860 | $44 | $98 | $166 | $281 | $405 |
Source: Ownwell