Penfield, Clearfield County, Pennsylvania Property Taxes
Median Penfield, PA effective property tax rate: 0.25%, significantly lower than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Penfield, PA home value: $45,455
Median annual Penfield, PA tax bill: $112, $2,288 lower than the national median property tax bill of $2,400.
How are property taxes in Clearfield County calculated?
Property taxes in Penfield, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Penfield’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penfield, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Penfield, Clearfield County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
0.25%
Estimate Property Tax Bill
$114
$105
Property Tax Rates Across Penfield, Clearfield County, Pennsylvania
Local government entities are responsible for setting tax rates, which can vary significantly within Pennsylvania. Each year, counties estimate their necessary budget to fund services and divide that by the total value of all taxable property within their jurisdiction, resulting in the property tax rate. While votes and legislation play a role in determining tax rates and budgets, this is essentially the annual process.
Penfield in Clearfield County, PA, showcases a notably low effective property tax rate of 0.25%, which is considerably below both the Pennsylvania median and the national median property tax rate of 1.02%. This difference highlights the variability in property tax rates across different regions. Compared to the national median property tax bill of $2,400, property owners in Penfield benefit from significantly lower tax bills, reflecting the area's lower tax rate. This makes Penfield an attractive option for property owners seeking to minimize their property tax expenses.
By understanding the factors that influence property tax rates, property owners can make informed decisions about where to buy or invest in real estate, potentially leading to significant savings over time.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Penfield Tax Rate
0.25%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Clearfield County Tax Rate
0.25%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Penfield, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15849 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Penfield, Clearfield County, Pennsylvania
When examining property taxes in Penfield, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Clearfield County assessment office estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Clearfield County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Penfield.
For example, the median home price in Penfield is $45,455, with tax bills ranging significantly across the county. Zip code 15849 has the highest median home price at $45,455.
Property Tax Assessment Values Across Penfield, Clearfield County, Pennsylvania
Source: Ownwell
$41,162
$96,844
$152,526
Median Penfield Market Value
$45,455
Median Clearfield County Market Value
$86,111
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Penfield, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15849 | $9,091 | $20,202 | $45,455 | $94,445 | $141,060 |
Source: Ownwell
Property Tax Bills Across Penfield, Clearfield County, Pennsylvania
Median Penfield Tax Bill
$112
Median Clearfield County Tax Bill
$214
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Penfield, Clearfield County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15849 | $22 | $50 | $112 | $234 | $349 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
|---|
Links | |
|---|---|
| Clearfield Tax Assessor | |
| Website | clearfieldco.org |
