Mc Connellstown, Pennsylvania Property Taxes
The median property tax rate in MC CONNELLSTOWN, PA is 6.10%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in MC CONNELLSTOWN, the typical annual property tax bill reaches $232, which is significantly lower than the national median of $2,690. Property taxes in MC CONNELLSTOWN 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 MC CONNELLSTOWN'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 CONNELLSTOWN 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
Mc Connellstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.1%
Estimate Property Tax Bill
$232
Ownwell’s MC CONNELLSTOWN Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CONNELLSTOWN with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CONNELLSTOWN 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 Mc Connellstown, Pennsylvania
Property taxes in Mc Connellstown, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Connellstown is 6.10%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mc Connellstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Connellstown 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 Connellstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16660 zip code has the highest median property tax rate of 6.10%, while the same zip code also has the lowest median tax rate of 6.10%. Understanding how these cities compare with Mc Connellstown provides valuable insights into the varying tax landscape across Huntingdon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Connellstown Tax Rate
6.10%
Average Huntingdon County Tax Rate
5.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Connellstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16660 | 6.10% | 6.10% | 6.10% | 6.10% | 6.10% |
Source: Ownwell
Property Tax Assessment Values Across Mc Connellstown, Pennsylvania
In Mc Connellstown, 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 Huntingdon 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 Mc Connellstown, 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 Connellstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16660 has both the highest and lowest median tax bill at $232.00, reflecting the uniformity in property tax assessments across the region.
Property Tax Assessment Values Across Mc Connellstown, Pennsylvania
Source: Ownwell
$3,800
$22,350
$40,900
Average Mc Connellstown Assessed Value
$3,800
Average Huntingdon County Assessed Value
$15,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Connellstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16660 | $3,800 | $3,800 | $3,800 | $3,800 | $3,800 |
Source: Ownwell
Property Tax Bills Across Mc Connellstown, Pennsylvania
In McConnellstown, property tax bills are determined based on the assessed value of a home and the local tax rate set by Huntingdon County. The assessed value is a percentage of the market value of the property, which is then multiplied by the tax rate to calculate the annual tax bill. For instance, if the median home price is $3,800, and the tax rate is aligned with the national median of 0.99%, homeowners can expect a tax bill around $232. Factors influencing the tax bill include the property's assessed value, any applicable exemptions, and changes in the local tax rate. Homeowners in McConnellstown can see tax bills ranging from $232 at the 25th percentile to $232 at the 90th percentile, indicating a consistent tax rate across the board. This stability in property taxes helps homeowners better manage their annual expenses and plan their budgets effectively. Comparing this to the national median property tax rate, McConnellstown offers a relatively predictable and manageable tax environment for its residents.
Average Mc Connellstown Tax Bill
$232
Average Huntingdon County Tax Bill
$782
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Connellstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16660 | $232 | $232 | $232 | $232 | $232 |
Source: Ownwell