Mc Donald, Pennsylvania Property Taxes
The median property tax rate in Mc Donald, PA is 1.79%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Mc Donald at $155,100, the typical annual property tax bill reaches $2,753, just below the national median of $2,690. Property taxes in Mc Donald 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 Donald'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 Donald 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 Donald, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.79%
Estimate Property Tax Bill
$2,776
Ownwell’s MC DONALD Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC DONALD with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC DONALD 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 Donald, Pennsylvania
Property taxes in Mc Donald, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Donald is 1.79%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mc Donald set these rates annually, and they can vary across different neighborhoods. Each year, Mc Donald 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. For comparison, the highest median property tax rate in Washington County is also 1.79%, located in the 15057 zip code, while the lowest median tax rate is similarly 1.79% in the same zip code. Understanding how these figures compare with Mc Donald provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Donald Tax Rate
1.79%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Donald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15057 | 1.59% | 1.59% | 1.79% | 1.90% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Mc Donald, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in MC DONALD, PA. 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 Washington 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. 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 DONALD helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15057 has both the highest and lowest median tax bill at $2,753.
Average Mc Donald Assessed Value
$155,100
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Donald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15057 | $68,800 | $95,200 | $155,100 | $276,700 | $360,480 |
Source: Ownwell
Property Tax Bills Across Mc Donald, Pennsylvania
In McDonald, Pennsylvania, property tax bills are calculated based on the assessed value of a home, which is determined by the Washington County Assessor's Office. The assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For example, with a median home price of $155,100, homeowners can expect varying tax bills depending on their property's assessed value and the specific rate applied. Factors such as property size, location, and improvements can influence the assessed value, leading to differences in tax bills. In McDonald, the 25th percentile tax bill is around $1,759, while the 75th percentile tax bill can reach up to $4,630. The 90th percentile tax bill even goes as high as $6,030. These tax bills have a significant impact on homeowners, influencing both monthly mortgage payments and overall housing affordability. Compared to the national median property tax rate of 0.99%, residents in McDonald may experience higher or lower tax burdens depending on their specific circumstances and property assessments.
Average Mc Donald Tax Bill
$2,753
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Donald, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15057 | $1,242 | $1,759 | $2,753 | $4,630 | $6,030 |
Source: Ownwell