Ramey, Pennsylvania Property Taxes
The median property tax rate in Ramey, 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 Ramey at $94,697, the typical annual property tax bill amounts to $234, far below the national median of $2,690. Property taxes in Ramey 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 Ramey'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 Ramey 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
Ramey, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$237
Ownwell’s Ramey Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Ramey with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Ramey 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 Clearfield County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Ramey, Pennsylvania
Property taxes in Ramey, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Ramey is 0.25%, significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Ramey set these rates annually, and they can vary significantly across different neighborhoods. Each year, Ramey 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 Ramey's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16830 zip code has the highest median property tax rate of 2.01%, while the 16837 zip code has the lowest median tax rate of 0.25%. Understanding how these cities compare with Ramey 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 Ramey 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 Ramey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16671 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Ramey, Pennsylvania
In Ramey, 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 Ramey, 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 Ramey helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16671, with a median tax bill of $234.
Average Ramey Assessed Value
$94,697
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 Ramey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16671 | $45,151 | $63,006 | $94,697 | $134,092 | $191,262 |
Source: Ownwell
Property Tax Bills Across Ramey, Pennsylvania
In Ramey, PA, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Ramey is $94,697. Property tax rates are applied to this assessed value to determine the annual tax bill. For homeowners in Ramey, the tax bills can vary significantly. At the 25th percentile, the tax bill is $156, while at the 75th percentile, it rises to $332. Those at the 90th percentile face a tax bill of $473. These tax rates are influenced by local government budgets, school funding, and public services. Homeowners in Ramey should be aware that their property tax bills are relatively lower compared to the national median property tax rate of 0.99%. This means that owning a home in Ramey can be more affordable in terms of property taxes, but it also underscores the importance of understanding how local assessments and tax rates impact overall housing costs.
Average Ramey Tax Bill
$234
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Ramey, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16671 | $112 | $156 | $234 | $332 | $473 |
Source: Ownwell