Mercer, Pennsylvania Property Taxes
The median property tax rate in Mercer, PA is 6.05%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Mercer, the typical annual property tax bill reaches $630, which is below the national median of $2,690. Property taxes in Mercer are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Mercer'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 Mercer 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
Mercer, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
6.05%
Estimate Property Tax Bill
$630
Ownwell’s Mercer Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Mercer with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Mercer to estimate your property tax bill. This user-friendly tool provides a clear understanding of potential tax liabilities. For those interested in neighborhood-level trends, more localized information is available below. Your property’s assessed value, determined by the county, is used for property tax calculations and considers any applicable exemptions.
Property Tax Rates Across Mercer, Pennsylvania
Property taxes in Mercer, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Mercer is 6.05%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mercer set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mercer 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 Mercer's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16137 has the highest median property tax rate of 6.05%, while the same zip code also has the lowest median tax rate of 6.05%. Understanding how these cities compare with Mercer 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 Mercer Tax Rate
6.05%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mercer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16137 | 6.05% | 6.05% | 6.05% | 6.05% | 6.05% |
Source: Ownwell
Property Tax Assessment Values Across Mercer, Pennsylvania
In Mercer, 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 local 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 Mercer, 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 Mercer helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $630, found in the 16137 zip code.
Average Mercer Assessed Value
$10,414
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 Mercer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16137 | $10,414 | $10,414 | $10,414 | $10,414 | $10,414 |
Source: Ownwell
Property Tax Bills Across Mercer, Pennsylvania
In Mercer, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor's office. The assessed value is a percentage of the property's market value, reflecting its worth in the current real estate market. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual tax bill. For homeowners in Mercer, the median home price is $10,414, and the typical tax bill stands at $630. This figure is consistent across various percentiles, indicating a stable tax rate in the area. Compared to the national median property tax rate of 0.99%, Mercer's tax rate demonstrates how local policies can significantly impact homeowners' financial obligations. Understanding these factors can help homeowners anticipate their annual tax expenses and plan their finances accordingly.
Average Mercer Tax Bill
$630
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mercer, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16137 | $630 | $630 | $630 | $630 | $630 |
Source: Ownwell