Mc Grann, Pennsylvania Property Taxes
The median property tax rate in MC GRANN, PA is 2.94%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in MC GRANN at $50,670, the typical annual property tax bill reaches $1,488, surpassing the national median of $2,690. Property taxes in MC GRANN are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding MC GRANN'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 MC GRANN or another part of Armstrong County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Grann, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$1,490
Ownwell’s MC GRANN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC GRANN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC GRANN 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 Armstrong County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Mc Grann, Pennsylvania
Property taxes in MC GRANN, Pennsylvania, play a critical role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MC GRANN is 2.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within MC GRANN set these rates annually, and they can vary significantly across different neighborhoods. Each year, MC GRANN 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 MC GRANN's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16236 has the highest median property tax rate of 2.94%, while the zip code 16236 has the lowest median tax rate of 2.94%. Understanding how these cities compare with MC GRANN provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Grann Tax Rate
2.94%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Grann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16236 | 2.94% | 2.94% | 2.94% | 2.94% | 2.94% |
Source: Ownwell
Property Tax Assessment Values Across Mc Grann, Pennsylvania
In Mc Grann, 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 Armstrong 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 Mc Grann, 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 Mc Grann helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1488, while the lowest is also $1488, both in the 16236 zip code.
Average Mc Grann Assessed Value
$50,670
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Grann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16236 | $23,398 | $32,860 | $50,670 | $67,840 | $79,462 |
Source: Ownwell
Property Tax Bills Across Mc Grann, Pennsylvania
In McGrann, PA, property tax bills are calculated by multiplying the assessed value of a home by the local tax rate. The assessed value is determined based on various factors, including the property's market value, its size, and any improvements made. For homeowners in McGrann, the median home price is $50,670, which serves as a baseline for calculating property taxes. The property tax rate in McGrann is influenced by the county's budgetary needs and the services it provides, such as schools, public safety, and infrastructure. Homeowners can expect their tax bills to vary significantly. For instance, the 25th percentile tax bill is around $965, while the 75th percentile reaches up to $1,993. At the higher end, the 90th percentile tax bill can be as much as $2,335. These property taxes can have a substantial impact on homeowners, affecting their overall housing costs and potentially influencing their financial planning. Compared to the national median property tax rate of 0.99%, McGrann homeowners experience a unique range of property tax bills that reflect local economic conditions and public service requirements.
Average Mc Grann Tax Bill
$1,488
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Grann, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16236 | $687 | $965 | $1,488 | $1,993 | $2,335 |
Source: Ownwell