Mckees Rocks, Pennsylvania Property Taxes
The median property tax rate in McKees Rocks, PA, is 7.20%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in McKees Rocks at $53,550, the typical annual property tax bill reaches $3,855, far exceeding the national median of $2,690. Property taxes in McKees Rocks are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like primary residence and agricultural exemptions. Understanding McKees Rocks' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of McKees Rocks or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mckees Rocks, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
7.2%
Estimate Property Tax Bill
$3,856
Ownwell’s MCKEES ROCKS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MCKEES ROCKS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MCKEES ROCKS 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 Mckees Rocks, Pennsylvania
Property taxes in McKees Rocks, Pennsylvania, serve as a crucial source of funding for essential local services, including public schools, road maintenance, and emergency services. The median tax rate in McKees Rocks is 7.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within McKees Rocks set these rates annually, and they can vary significantly across different neighborhoods. Each year, McKees Rocks 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 McKees Rocks' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15136 zip code has the highest median property tax rate of 7.20%, while the same zip code also has the lowest median tax rate of 7.20%. Understanding how these cities compare with McKees Rocks provides valuable insights into the varying tax landscape across Beaver County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mckees Rocks Tax Rate
7.20%
Average Beaver County Tax Rate
6.15%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mckees Rocks, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15136 | 7.20% | 7.20% | 7.20% | 7.20% | 7.20% |
Source: Ownwell
Property Tax Assessment Values Across Mckees Rocks, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in McKees Rocks, PA. 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 for tax purposes by the local appraisal authority. 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 McKees Rocks, 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. The median home price in McKees Rocks is $53,550, with the highest and lowest median tax bills both being $3,855 in the 15136 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mckees Rocks Assessed Value
$53,550
Average Beaver County Assessed Value
$44,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mckees Rocks, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15136 | $50,310 | $51,525 | $53,550 | $55,575 | $56,790 |
Source: Ownwell
Property Tax Bills Across Mckees Rocks, Pennsylvania
Property tax bills in McKees Rocks, located in Beaver County, PA, are calculated based on the assessed value of the property. The assessed value is determined by the local tax assessor, who evaluates the property's market value and applies an assessment ratio. Homeowners in McKees Rocks face a median property tax bill of $3,855, which is relatively high compared to the national median property tax rate of 0.99%. Several factors influence the final tax bill, including property size, location, and improvements. For example, homes in the 25th percentile have tax bills around $3,709, while those in the 75th percentile face bills closer to $4,001. This variability highlights how individual property characteristics impact tax obligations. High property taxes can significantly affect homeowners, potentially leading to higher monthly mortgage payments and impacting the overall affordability of homeownership. Understanding these factors can help residents better anticipate their financial responsibilities and plan accordingly.
Average Mckees Rocks Tax Bill
$3,855
Average Beaver County Tax Bill
$2,704
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mckees Rocks, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15136 | $3,622 | $3,709 | $3,855 | $4,001 | $4,088 |
Source: Ownwell