Erie, Pennsylvania Property Taxes
The median property tax rate in Erie, PA is 3.63%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $95,500 in Erie, the typical annual property tax bill reaches $3,033, surpassing the national median of $2,690. Property taxes in Erie are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like those for primary residences and agricultural properties. Understanding Erie’s property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Erie or another part of the county, a thorough grasp of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Erie, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$3,467
Ownwell’s Erie Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Erie with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Erie 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 Erie, Pennsylvania
Property taxes in Erie, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Erie is 3.63%, significantly higher than the U.S. national median of 0.99%. Local government entities within Erie set these rates annually, and they can vary significantly across different neighborhoods. Each year, Erie 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 Erie's effective property tax rate to other areas in Erie County and the national median. For comparison, the 16502 zip code has the highest median property tax rate of 3.76%, while the 16509 zip code has the lowest median tax rate of 2.53%. Understanding how these areas compare with Erie provides valuable insights into the varying tax landscape across Erie County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Erie Tax Rate
3.63%
Average Erie County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Erie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16501 | 3.04% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16502 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16503 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16504 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16505 | 2.53% | 2.53% | 2.53% | 2.64% | 3.76% |
| 16506 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
| 16507 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16508 | 3.76% | 3.76% | 3.76% | 3.76% | 3.76% |
| 16509 | 1.99% | 2.08% | 2.53% | 2.93% | 3.76% |
| 16510 | 2.53% | 2.56% | 3.76% | 3.76% | 4.05% |
| 16511 | 2.56% | 2.56% | 3.63% | 3.63% | 3.76% |
| 16550 | 2.56% | 2.56% | 2.56% | 2.56% | 2.56% |
Source: Ownwell
Property Tax Assessment Values Across Erie, Pennsylvania
In Erie, 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 the Erie County Assessment Office 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 Erie, 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. For instance, the highest median tax bill in Erie is $3,890 in zip code 16501, while the lowest is $1,270 in zip code 16503. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Erie Assessed Value
$95,500
Average Erie County Assessed Value
$98,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Erie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16501 | $23,923 | $41,557 | $100,500 | $147,052 | $168,821 |
| 16502 | $38,000 | $49,882 | $61,100 | $73,210 | $87,718 |
| 16503 | $22,114 | $27,630 | $33,860 | $40,600 | $49,709 |
| 16504 | $53,550 | $63,368 | $75,000 | $88,630 | $107,927 |
| 16505 | $45,551 | $90,930 | $117,890 | $170,890 | $247,573 |
| 16506 | $65,400 | $101,452 | $139,585 | $198,838 | $263,348 |
| 16507 | $27,200 | $33,950 | $44,400 | $61,800 | $109,550 |
| 16508 | $60,000 | $70,100 | $82,160 | $97,590 | $120,920 |
| 16509 | $61,900 | $93,670 | $125,700 | $167,600 | $221,868 |
| 16510 | $45,000 | $72,080 | $95,790 | $140,400 | $197,700 |
| 16511 | $54,920 | $70,760 | $99,200 | $137,140 | $186,400 |
| 16550 | $108,030 | $108,030 | $108,030 | $108,030 | $108,030 |
Source: Ownwell
Property Tax Bills Across Erie, Pennsylvania
In Erie, PA, property tax bills are calculated based on the assessed value of a home, which is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the property's location, size, and any improvements or renovations can influence its assessed value. For instance, homes in the 16501 zip code have the highest median tax bill at $3,890, while those in the 16503 zip code have the lowest at $1,270. Homeowners in Erie can expect tax bills that vary significantly depending on their property's assessed value and the specific area. The 25th percentile tax bill is around $2,260, while the 75th percentile reaches $3,990, and the 90th percentile can be as high as $5,443. Compared to the national median property tax rate of 0.99%, Erie's property taxes can be relatively high, impacting homeowners' annual expenses and potentially influencing decisions on property improvements and investments.
Average Erie Tax Bill
$3,033
Average Erie County Tax Bill
$2,898
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Erie, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16501 | $1,050 | $2,345 | $3,890 | $5,289 | $6,065 |
| 16502 | $1,427 | $1,868 | $2,294 | $2,745 | $3,291 |
| 16503 | $827 | $1,037 | $1,270 | $1,521 | $1,842 |
| 16504 | $1,996 | $2,364 | $2,789 | $3,247 | $3,779 |
| 16505 | $1,377 | $2,451 | $3,300 | $4,949 | $7,023 |
| 16506 | $1,668 | $2,561 | $3,525 | $5,015 | $6,694 |
| 16507 | $1,016 | $1,269 | $1,661 | $2,313 | $4,086 |
| 16508 | $2,248 | $2,620 | $3,071 | $3,654 | $4,510 |
| 16509 | $1,452 | $2,548 | $3,446 | $4,283 | $5,639 |
| 16510 | $1,579 | $2,535 | $3,232 | $4,015 | $5,133 |
| 16511 | $1,897 | $2,439 | $3,084 | $4,108 | $5,297 |
| 16550 | $2,769 | $2,769 | $2,769 | $2,769 | $2,769 |
Source: Ownwell