Smokerun, Pennsylvania Property Taxes
The median property tax rate in Smokerun, PA is 0.25%, significantly lower than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $53,788 in Smokerun, the typical annual property tax bill is $133, far below the national median of $2,690. Property taxes in Smokerun are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Smokerun'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 Smokerun 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
Smokerun, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$134
Ownwell’s Smokerun Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Smokerun with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Smokerun 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 Smokerun, Pennsylvania
Property taxes in Smokerun, Pennsylvania, play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Smokerun is 0.25%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Smokerun set these rates annually, and they can vary significantly across different neighborhoods. Each year, Smokerun 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 Smokerun's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the state is 1.58%, while the lowest median tax rate is 0.09%. Understanding how these cities compare with Smokerun 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 Smokerun 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 Smokerun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16681 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Smokerun, Pennsylvania
In Smokerun, 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 Smokerun, 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 Smokerun helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $133, found in the 16681 zip code.
Average Smokerun Assessed Value
$53,788
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 Smokerun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16681 | $18,513 | $35,354 | $53,788 | $81,818 | $127,122 |
Source: Ownwell
Property Tax Bills Across Smokerun, Pennsylvania
In Smokerun, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, the median home price in Smokerun is $53,788. Homeowners in the 25th percentile pay around $88 in property taxes, while those in the 75th percentile pay about $202, and those in the 90th percentile face a tax bill of $315. These tax bills can significantly impact homeowners, affecting their overall housing costs and financial planning. Compared to the national median property tax rate of 0.99%, Smokerun's tax rates are relatively modest, providing some financial relief to property owners. However, the variability in tax bills highlights the importance of understanding how assessed values and local tax rates influence what homeowners ultimately pay.
Average Smokerun Tax Bill
$133
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Smokerun, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16681 | $46 | $88 | $133 | $202 | $315 |
Source: Ownwell