Mercersburg, Pennsylvania Property Taxes
The median property tax rate in Mercersburg, PA is 4.20%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mercersburg, the typical annual property tax bill reaches $739, which is below the national median of $2,690. Property taxes in Mercersburg are calculated based on the tax assessed value, often falling below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Mercersburg'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 Mercersburg or another part of Fulton County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mercersburg, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.2%
Estimate Property Tax Bill
$556
Ownwell’s Mercersburg Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mercersburg with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mercersburg 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 Mercersburg, Pennsylvania
Property taxes in Mercersburg, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mercersburg is 4.20%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mercersburg set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mercersburg 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 Mercersburg's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17236 zip code has the highest median property tax rate of 4.20%, while the 17236 zip code has the lowest median tax rate of 4.20%. Understanding how these cities compare with Mercersburg provides valuable insights into the varying tax landscape across Fulton County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mercersburg Tax Rate
4.20%
Average Fulton County Tax Rate
4.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mercersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17236 | 4.20% | 4.20% | 4.20% | 4.20% | 4.20% |
Source: Ownwell
Property Tax Assessment Values Across Mercersburg, Pennsylvania
In Mercersburg, 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 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 Mercersburg, 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 Mercersburg helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Mercersburg is $739.00 in the 17236 zip code, while the lowest median tax bill is also $739.00 in the same zip code.
Average Mercersburg Assessed Value
$13,230
Average Fulton County Assessed Value
$13,800
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mercersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17236 | $3,298 | $6,010 | $13,230 | $25,245 | $35,010 |
Source: Ownwell
Property Tax Bills Across Mercersburg, Pennsylvania
In Mercersburg, located in Fulton County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $13,230 in Mercersburg, homeowners face varying tax bills depending on their property's assessed value and the specific tax rate applied. Factors such as property size, location, and improvements can influence the assessed value. In Mercersburg, the 25th percentile tax bill is around $420, while the 75th percentile tax bill reaches $1,290, and the 90th percentile can go up to $1,520. These figures illustrate the range homeowners might expect based on different property assessments. Compared to the national median property tax rate of 0.99%, Mercersburg's property tax rates can significantly impact homeowners, particularly those with higher-valued properties. Understanding these factors helps homeowners anticipate their tax liabilities and manage their finances accordingly.
Average Mercersburg Tax Bill
$739
Average Fulton County Tax Bill
$734
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mercersburg, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17236 | $177 | $420 | $739 | $1,290 | $1,520 |
Source: Ownwell