Mill Creek, Pennsylvania Property Taxes
The median property tax rate in Mill Creek, PA is 2.89%, considerably higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Mill Creek, the typical annual property tax bill reaches $3,834, exceeding the national median of $2,690. Property taxes in Mill Creek 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 Mill Creek'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 Mill Creek 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
Mill Creek, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$3,835
Ownwell’s Mill Creek Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Mill Creek with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mill Creek 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 Mill Creek, Pennsylvania
Property taxes in Mill Creek, Pennsylvania, play a crucial role in funding essential local services, including public schools, road maintenance, and emergency services. The median tax rate in Mill Creek is 2.89%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mill Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mill Creek 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 Mill Creek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17060 zip code has both the highest and lowest median property tax rate of 2.89%. Understanding how these areas compare with Mill Creek provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mill Creek Tax Rate
2.89%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mill Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17060 | 2.89% | 2.89% | 2.89% | 2.89% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Mill Creek, Pennsylvania
In Mill Creek, Pennsylvania, understanding the difference between "market value" and "assessed value" is essential 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 such as location, property condition, and economic trends. This value is estimated by the local 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. In Mill Creek, 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 Mill Creek helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For example, the highest median tax bill in Mill Creek is $3,834 in the 17060 zip code, while the lowest median tax bill is also $3,834 in the same zip code.
Average Mill Creek Assessed Value
$132,700
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mill Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17060 | $60,020 | $69,400 | $132,700 | $453,200 | $475,140 |
Source: Ownwell
Property Tax Bills Across Mill Creek, Pennsylvania
In Mill Creek, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The tax rate, or millage rate, is then applied to this assessed value to calculate the annual property tax bill. Homeowners in Mill Creek experience a range of property tax bills, with the 25th percentile paying around $2,005 annually, while those in the 75th percentile see bills closer to $13,096. At the 90th percentile, tax bills can reach up to $13,730. Several factors influence these tax bills, including the market value of the home, any local exemptions or deductions, and the specific tax rates set by local governing bodies. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, Mill Creek homeowners may find their tax burdens vary significantly based on their property's assessed value and the applicable exemptions. This variability can impact homeowners' financial planning and overall cost of living in the area.
Average Mill Creek Tax Bill
$3,834
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mill Creek, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17060 | $1,753 | $2,005 | $3,834 | $13,096 | $13,730 |
Source: Ownwell