Clarksburg, Pennsylvania Property Taxes
The median property tax rate in Clarksburg, PA is 2.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Clarksburg at $118,000, the typical annual property tax bill reaches $2,642, closely aligning with the national median of $2,690. Property taxes in Clarksburg are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Clarksburg'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 Clarksburg or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Clarksburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$2,537
Ownwell’s Clarksburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Clarksburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Clarksburg 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 Clarksburg, Pennsylvania
Property taxes in Clarksburg, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Clarksburg is 1.46%, which is significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Clarksburg set these rates annually, and they can vary across different neighborhoods. Each year, Clarksburg 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 for setting property tax rates. The data below compares Clarksburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15725 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Clarksburg provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Clarksburg Tax Rate
2.15%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Clarksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15725 | 2.15% | 2.15% | 2.15% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Clarksburg, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Clarksburg, 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 Indiana County 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 Clarksburg, 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 Clarksburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $2,642 in zip code 15725, while the lowest is also $2,642 in the same zip code.
Average Clarksburg Assessed Value
$118,000
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Clarksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15725 | $21,560 | $68,000 | $118,000 | $178,950 | $280,380 |
Source: Ownwell
Property Tax Bills Across Clarksburg, Pennsylvania
In Clarksburg, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. Homeowners in Clarksburg, Indiana County, can expect their property tax bills to vary significantly. For instance, the tax bill at the 25th percentile is $1,523, while at the 75th percentile, it rises to $3,963. The 90th percentile sees tax bills reaching up to $6,243. These figures are influenced by the home's assessed value and the local tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Clarksburg may find their tax bills to be relatively high or low depending on their property's assessed value and the specific tax rate applied by the county. This variability can have a substantial impact on homeowners' annual expenses, affecting their overall financial planning and the affordability of homeownership in the area.
Average Clarksburg Tax Bill
$2,642
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Clarksburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15725 | $620 | $1,523 | $2,642 | $3,963 | $6,243 |
Source: Ownwell