Mars, Pennsylvania Property Taxes
The median property tax rate in Mars, PA is 5.88%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mars at $78,300, the typical annual property tax bill reaches $4,602, far exceeding the national median of $2,690. Property taxes in Mars are calculated based on the assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Mars'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 Mars 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
Mars, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.88%
Estimate Property Tax Bill
$4,604
Ownwell’s Mars Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mars with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Mars to project your property tax bill. This valuable tool helps you grasp potential tax liabilities with ease. For those interested in neighborhood-level trends, more localized information is available as you scroll down. Your property’s assessed value, determined by Crawford County, is the basis for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Mars, Pennsylvania
Property taxes in Mars, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mars is 5.88%, significantly higher than the U.S. national median of 0.99%. Local government entities within Mars set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mars 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 Mars' effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16046 has the highest median property tax rate of 5.88%, while the same zip code also has the lowest median tax rate of 5.88%. Understanding how these cities compare with Mars provides valuable insights into the varying tax landscape across Crawford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mars Tax Rate
5.88%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16046 | 5.88% | 5.88% | 5.88% | 5.88% | 5.88% |
Source: Ownwell
Property Tax Assessment Values Across Mars, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mars, Pennsylvania. 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 Crawford 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 in Mars 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 Mars helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 16046, with a median tax bill of $4,602.
Average Mars Assessed Value
$78,300
Average Crawford County Assessed Value
$26,552
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16046 | $78,300 | $78,300 | $78,300 | $78,300 | $78,300 |
Source: Ownwell
Property Tax Bills Across Mars, Pennsylvania
In Mars, located in Crawford County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and is a percentage of the market value of the property. For instance, if the median home price in Mars is $78,300, the assessed value will be a portion of this amount, depending on the county's assessment ratio. Once the assessed value is established, the local tax rate is applied to determine the annual property tax bill. In Mars, the median property tax bill is notably high at $4,602, which is significantly above the national median property tax rate of 0.99%. This higher tax bill can impact homeowners by increasing their overall cost of homeownership. Factors such as local government budgets, school funding requirements, and community services needs contribute to the tax rate. Homeowners in Mars need to be aware of these factors as they can influence annual property tax obligations and overall financial planning.
Average Mars Tax Bill
$4,602
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mars, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16046 | $4,602 | $4,602 | $4,602 | $4,602 | $4,602 |
Source: Ownwell