Mayport, Pennsylvania Property Taxes
The median property tax rate in Mayport, PA is 6.91%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mayport, the typical annual property tax bill reaches $1,108, exceeding the national median of $2,690. Property taxes in Mayport are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mayport'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 Mayport 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
Mayport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.91%
Estimate Property Tax Bill
$1,071
Ownwell’s Mayport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mayport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mayport 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 Mayport, Pennsylvania
Property taxes in Mayport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mayport is 6.91%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mayport set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mayport 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 Mayport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16240 has both the highest and lowest median property tax rate of 6.91%. Understanding how these cities compare with Mayport provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mayport Tax Rate
6.91%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mayport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16240 | 6.91% | 6.91% | 6.91% | 6.91% | 8.35% |
Source: Ownwell
Property Tax Assessment Values Across Mayport, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mayport, Pennsylvania. 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 the Clarion County Appraisal District 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. Assessment notices in Mayport 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. The median home price in Mayport is $15,506, with tax bills ranging from $728 at the 25th percentile to $2,288 at the 90th percentile. The highest and lowest median tax bills are both recorded at $1,108 in the 16240 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities, identify opportunities for protesting assessments, or apply for exemptions to effectively manage their tax burden.
Average Mayport Assessed Value
$15,506
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mayport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16240 | $4,730 | $10,070 | $15,506 | $22,590 | $29,250 |
Source: Ownwell
Property Tax Bills Across Mayport, Pennsylvania
In Mayport, Clarion County, PA, property tax bills are calculated based on the assessed value of your property and the local tax rate. The assessed value is a percentage of the market value determined by the county assessor. This value is then multiplied by the local tax rate to determine your annual property tax bill. For instance, the median home price in Mayport is $15,506, and property tax bills can vary widely. Homeowners in the 25th percentile can expect a tax bill of around $728, while those in the 75th percentile might pay about $1,640. At the 90th percentile, the tax bill can reach up to $2,288. These tax bills are significantly higher than the national median property tax rate of 0.99%, reflecting local budgetary needs and property values. High property taxes can impact homeowners by increasing the cost of owning a home, potentially affecting affordability. Conversely, they fund essential community services such as schools, infrastructure, and emergency services, contributing to the overall quality of life in Mayport.
Average Mayport Tax Bill
$1,108
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mayport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16240 | $327 | $728 | $1,108 | $1,640 | $2,288 |
Source: Ownwell