Mentcle, Pennsylvania Property Taxes
The median property tax rate in MENTCLE, PA is 2.13%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in MENTCLE, the typical annual property tax bill reaches $915, which is significantly below the national median of $2,690. Property taxes in MENTCLE 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 MENTCLE'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 MENTCLE 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
Mentcle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.13%
Estimate Property Tax Bill
$916
Ownwell’s MENTCLE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MENTCLE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MENTCLE 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 Mentcle, Pennsylvania
Property taxes in MENTCLE, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in MENTCLE is 2.13%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within MENTCLE set these rates annually, and they can vary significantly across different neighborhoods. Each year, MENTCLE 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 MENTCLE's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15761 has the highest median property tax rate of 2.13%, while the same zip code also has the lowest median tax rate of 2.13%. Understanding how these cities compare with MENTCLE provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mentcle Tax Rate
2.13%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mentcle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15761 | 2.13% | 2.13% | 2.13% | 2.13% | 2.13% |
Source: Ownwell
Property Tax Assessment Values Across Mentcle, Pennsylvania
In MENTCLE, 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 Indiana 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 MENTCLE, 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 MENTCLE helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $915.00, found in the zip code 15761.
Average Mentcle Assessed Value
$43,000
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mentcle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15761 | $21,380 | $33,100 | $43,000 | $47,500 | $54,140 |
Source: Ownwell
Property Tax Bills Across Mentcle, Pennsylvania
Property tax bills in Mentcle, Indiana County, PA, are calculated based on the assessed value of a home. The assessed value is determined by local government assessors who evaluate the property’s market value and then apply an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Homeowners in Mentcle experience varying tax bills, with the 25th percentile paying around $704 and the 75th percentile paying approximately $1,011. At the 90th percentile, tax bills can reach up to $1,152. These figures highlight the range of property tax burdens within the community. Compared to the national median property tax rate of 0.99%, Mentcle’s tax rates result in a relatively moderate financial impact on homeowners. However, the actual tax bill can vary significantly based on the specific assessed value of each property. This system ensures that property taxes are proportionate to the property’s value, impacting homeowners differently depending on their property’s worth.
Average Mentcle Tax Bill
$915
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mentcle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15761 | $455 | $704 | $915 | $1,011 | $1,152 |
Source: Ownwell