Duke Center, Pennsylvania Property Taxes
The median property tax rate in Duke Center, PA is 3.71%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Duke Center, the typical annual property tax bill reaches $680, which is lower than the national median of $2,690. Property taxes in Duke Center are calculated based on the tax assessed value, often lower than the market value due to exemptions like primary residence and agricultural exemptions. Understanding Duke Center'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 Duke Center or another part of McKean County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Duke Center, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.71%
Estimate Property Tax Bill
$722
Ownwell’s Duke Center Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Duke Center with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Duke Center 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 Duke Center, Pennsylvania
Property taxes in Duke Center, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Duke Center is 3.71%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Duke Center set these rates annually, and they can vary significantly across different neighborhoods. Each year, Duke Center 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 Duke Center's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16729 has the highest median property tax rate of 3.71%, while the same zip code also has the lowest median tax rate of 3.71%. Understanding how these cities compare with Duke Center provides valuable insights into the varying tax landscape across McKean County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Duke Center Tax Rate
3.71%
Average Mckean County Tax Rate
3.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Duke Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16729 | 3.02% | 3.71% | 3.71% | 3.71% | 3.71% |
Source: Ownwell
Property Tax Assessment Values Across Duke Center, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Duke Center, 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 McKean 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 Duke Center, 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. For instance, the highest median tax bill in Duke Center is $680, found in zip code 16729, while the lowest median tax bill is also $680 in the same zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Duke Center Assessed Value
$19,470
Average Mckean County Assessed Value
$23,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Duke Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16729 | $5,910 | $10,405 | $19,470 | $40,645 | $88,370 |
Source: Ownwell
Property Tax Bills Across Duke Center, Pennsylvania
In Duke Center, located in McKean County, PA, property tax bills are calculated based on the assessed value of a homeowner's property. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. Several factors influence the tax bill, including the property's size, location, and any improvements made. For instance, homeowners in Duke Center can expect tax bills ranging from $363 at the 25th percentile to $2,595 at the 90th percentile. The median home price in the area is $19,470, and the median tax bill is $680, which is significantly lower than the national median property tax rate of 0.99%. These property taxes fund essential public services such as schools, road maintenance, and emergency services. For homeowners, understanding how these taxes are calculated can help in financial planning and ensuring they are not overpaying on their property taxes.
Average Duke Center Tax Bill
$680
Average Mckean County Tax Bill
$784
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Duke Center, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16729 | $198 | $363 | $680 | $1,450 | $2,595 |
Source: Ownwell