Cherry Tree, Clearfield County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Cherry Tree, Clearfield County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Cherry Tree, 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 Cherry Tree, PA home value: $61,742
Median annual Cherry Tree, PA tax bill: $153, $2,247 lower than the national median property tax bill of $2,400.

How are property taxes in Clearfield calculated?

Property taxes in Cherry Tree, 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 Cherry Tree’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Cherry Tree, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Cherry Tree, Clearfield County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.48%

Estimate Property Tax Bill

$740

$687

Ownwell’s Cherry Tree Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Cherry Tree with just two data points. By entering your property's estimated assessed value, our calculator applies Cherry Tree’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Clearfield County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Cherry Tree, Clearfield County, Pennsylvania

Local government entities determine property tax rates, which can vary significantly within Pennsylvania. This variation occurs because each county, including Clearfield County, estimates its annual budget to provide essential services and then divides this by the total value of all taxable properties within its jurisdiction. This calculation establishes the property tax rate. Although the process involves votes and legal regulations, this is the basic annual procedure.

Cherry Tree in Clearfield County has an effective property tax rate of 0.25%, which is considerably lower than both the Pennsylvania state median and the national median property tax rate of 1.02%. This lower rate can result in significant savings for property owners in Cherry Tree compared to other areas in Pennsylvania and across the United States. Understanding these differences can be crucial for homeowners looking to manage their expenses effectively. By comparing Cherry Tree’s rate to those of other cities within the state and the national average, property owners can better assess their financial planning and potential savings on property taxes.

Property Tax Rates Across Cherry Tree, Clearfield County, Pennsylvania

Source: Ownwell

1.42%

1.88%

2.34%

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 Cherry Tree Tax Rate

1.48%

Median Effective Clearfield County Tax Rate

1.82%

Median Effective Pennsylvania Tax Rate

2.75%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Cherry Tree, Clearfield County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15724	1.48%	1.48%	1.48%	1.48%	1.48%

Source: Ownwell

Property Tax Assessment Values Across Cherry Tree, Clearfield County, Pennsylvania

When examining property taxes in Cherry Tree, 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 appraisal district 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. Assessment notices: 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 Cherry Tree. For example, the median home price in Cherry Tree is $61,742, with tax bills ranging significantly across the county. 15724 has the highest median home price at $61,742.

Property Tax Assessment Values Across Cherry Tree, Clearfield County, Pennsylvania

Source: Ownwell

$34,000

$71,100

$108,200

Median Cherry Tree Market Value

$50,000

Median Clearfield County Market Value

$68,800

Median Pennsylvania Market Value

$118,310

Median United States Market Value

$235,294

Property Tax Assessment Values Across Cherry Tree, Clearfield County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15724	$23,520	$35,950	$50,000	$80,050	$107,820

Source: Ownwell

Property Tax Bills Across Cherry Tree, Clearfield County, Pennsylvania

In Cherry Tree, located in Clearfield County, PA, property tax bills are determined by assessing the property's value and applying the local tax rate. The assessed value is based on the county's estimation of the property's market value. Factors influencing this assessment include the property's size, location, and condition. Cherry Tree's property tax bills range significantly, with the 25th percentile at $106 and the 90th percentile reaching $333. Compared to the national median property tax bill of $2,400, Cherry Tree's figures are considerably lower, providing some relief to homeowners. However, even with lower bills, over-assessment can lead to unnecessary financial burdens. Here, Ownwell can assist homeowners by providing expert property tax appeal services. By evaluating the property's assessed value and identifying discrepancies, Ownwell helps ensure that homeowners only pay their fair share. This service can lead to significant savings, allowing homeowners to allocate their resources more efficiently.

Property Tax Bills Across Cherry Tree, Clearfield County, Pennsylvania

Source: Ownwell

$556

$1,229

$1,901

Median Cherry Tree Tax Bill

$746

Median Clearfield County Tax Bill

$1,269

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Cherry Tree, Clearfield County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15724	$348	$532	$746	$1,186	$1,595

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
Clearfield Tax Assessor
Website	clearfieldco.org