Woodland, Pennsylvania Property Taxes
The median property tax rate in Woodland, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $87,626 in Woodland, the typical annual property tax bill is around $218, far below the national median of $2,690. Property taxes in Woodland are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding Woodland'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 Woodland 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
Woodland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$219
Ownwell’s Woodland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Woodland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Woodland 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 Woodland, Pennsylvania
Property taxes in Woodland, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Woodland 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 Woodland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Woodland 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 Woodland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the surrounding areas is significantly higher, while the lowest median tax rate in the region is also notably different. Understanding how these cities compare with Woodland 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 Woodland 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 Woodland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16881 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Woodland, Pennsylvania
In Woodland, 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 Woodland, 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 Woodland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Woodland, the median home price is $87,626, with tax bills ranging from $137 at the 25th percentile to $460 at the 90th percentile. The zip code 16881 has both the highest and the lowest median tax bill at $218.
Average Woodland Assessed Value
$87,626
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 Woodland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16881 | $28,964 | $54,798 | $87,626 | $133,585 | $184,091 |
Source: Ownwell
Property Tax Bills Across Woodland, Pennsylvania
In Woodland, Clearfield County, PA, property tax bills are calculated based on the assessed value of the home and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. This assessed value is then multiplied by the tax rate to determine the annual property tax bill. For homeowners in Woodland, the median home price is $87,626. Property tax bills can vary significantly, with the 25th percentile at $137 and the 75th percentile at $334. At the higher end, the 90th percentile tax bill reaches $460. The highest median tax bill in the area is $218, which is also the lowest, indicating a uniform rate across different properties. These property taxes fund essential community services such as schools, infrastructure, and emergency services. Compared to the national median property tax rate of 0.99%, Woodland's property tax rates provide a relatively affordable option for homeowners, contributing to the overall cost of living in the area.
Average Woodland Tax Bill
$218
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Woodland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16881 | $76 | $137 | $218 | $334 | $460 |
Source: Ownwell