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Wallaceton, Clearfield County, Pennsylvania Property Taxes

  • Median Wallaceton, 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 Wallaceton, PA home value: $60,858

  • Median annual Wallaceton, PA tax bill: $151, $2,249 lower than the national median property tax bill of $2,400.

How are property taxes in Clearfield calculated?

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

Last Updated March 1, 2025

Wallaceton, Clearfield County, Pennsylvania Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.34%

Estimate Property Tax Bill

$1,133

$1,051

Ownwell’s Wallaceton Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Wallaceton with just two data points. By entering your property's estimated assessed value, our calculator applies Wallaceton’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 Wallaceton, Clearfield County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Wallaceton’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.

In Wallaceton, located in Clearfield County, the effective property tax rate is significantly lower than the national median property tax rate of 1.02%. This lower rate can be an attractive factor for homeowners, as it results in reduced annual property tax bills compared to the national median of $2400. By understanding these dynamics, property owners can make informed decisions about their investments and take advantage of potential savings through property tax appeals or exemptions.

Property Tax Rates Across Wallaceton, 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 Wallaceton Tax Rate

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 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 Wallaceton, Clearfield County, Pennsylvania

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
168762.34%2.34%2.34%2.34%2.34%

Source: Ownwell

Property Tax Assessment Values Across Wallaceton, Clearfield County, Pennsylvania

When examining property taxes in Wallaceton, 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. 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 Wallaceton. For example, the median home price in Wallaceton is $60,858, with tax bills ranging significantly across the county. 16876 has the highest median home price at $60,858.

Property Tax Assessment Values Across Wallaceton, Clearfield County, Pennsylvania

Source: Ownwell

$34,000

$71,100

$108,200

Median Wallaceton Market Value

$48,400

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 Wallaceton, Clearfield County, Pennsylvania

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
16876$22,040$35,000$48,400$74,800$110,440

Source: Ownwell

Property Tax Bills Across Wallaceton, Clearfield County, Pennsylvania

In Wallaceton, Clearfield County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. With a median home price of $60,858, property taxes can vary significantly. The 25th percentile tax bill in Wallaceton is $108, while the 75th percentile is $227, reflecting the range in property values and tax assessments within the area. The highest median tax bill is $151, indicating that even the highest tax bills in this region remain relatively low compared to the national median property tax bill of $2,400. Homeowners in Wallaceton may find these taxes manageable, but they can still benefit from appealing their property taxes to ensure they are not overpaying. Ownwell offers expert property tax appeal services that can help homeowners potentially reduce their tax bills and save money, ensuring they only pay what's fair based on their property's true assessed value.

Property Tax Bills Across Wallaceton, Clearfield County, Pennsylvania

Source: Ownwell

$556

$1,229

$1,901

Median Wallaceton Tax Bill

$1,126

Median Clearfield County Tax Bill

$1,269

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Wallaceton, Clearfield County, Pennsylvania

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
16876$515$818$1,126$1,748$2,526

Source: Ownwell

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