Rockton, Pennsylvania Property Taxes
The median property tax rate in Rockton, 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 Rockton, the typical annual property tax bill is $236, far below the national median of $2,690. Property taxes in Rockton 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 Rockton'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 Rockton 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
Rockton, 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 Rockton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rockton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rockton 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 Rockton, Pennsylvania
Property taxes in Rockton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rockton is 1.45%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Rockton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rockton 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. For comparison, the 16855 zip code has the highest median property tax rate of 1.45%, while the 15801 zip code has the lowest median tax rate of 1.35%. Understanding how these areas compare with Rockton 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 Rockton 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 Rockton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15856 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Rockton, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rockton, Pennsylvania. 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 Rockton, 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. The median home price in Rockton is $94,697, with tax bills varying significantly. The 25th percentile tax bill is $133, while the 75th percentile tax bill is $349, and the 90th percentile tax bill reaches $501. The highest and lowest median tax bills are both $236, found in the 15856 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Rockton 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 Rockton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15856 | $21,919 | $52,652 | $94,697 | $140,026 | $194,192 |
Source: Ownwell
Property Tax Bills Across Rockton, Pennsylvania
Property tax bills in Rockton, located in Clearfield County, PA, are determined by the assessed value of a property and the local tax rate. The assessed value is a percentage of the property's market value, which is calculated by the county assessor's office. Once the assessed value is established, the local tax rate is applied to determine the annual tax bill. For homeowners in Rockton, the median home price is $94,697. Property tax bills vary significantly, with the 25th percentile at $133, the 75th percentile at $349, and the 90th percentile reaching $501. The highest median tax bill recorded in the area is $236, which is relatively low compared to the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, infrastructure, and emergency services, impacting the overall quality of life for residents. Lower tax bills can be an advantage for homeowners, making Rockton an attractive place for those looking to manage their housing expenses effectively.
Average Rockton Tax Bill
$236
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rockton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15856 | $54 | $133 | $236 | $349 | $501 |
Source: Ownwell