Rixford, Pennsylvania Property Taxes
The median property tax rate in Rixford, PA is 3.71%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rixford, the typical annual property tax bill reaches $614, which is significantly lower than the national median of $2,690. Property taxes in Rixford 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 Rixford'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 Rixford 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
Rixford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.71%
Estimate Property Tax Bill
$626
Ownwell’s Rixford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rixford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rixford 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 Rixford, Pennsylvania
Property taxes in Rixford, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rixford is 3.71%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Rixford set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rixford 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 Rixford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16745 zip code has the highest median property tax rate of 3.71%, while the lowest median tax rate is also 3.71%. Understanding how these cities compare with Rixford 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 Rixford 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 Rixford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16745 | 3.50% | 3.71% | 3.71% | 3.71% | 3.71% |
Source: Ownwell
Property Tax Assessment Values Across Rixford, Pennsylvania
In Rixford, 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 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 Rixford, 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 Rixford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code with the highest median tax bill is 16745, amounting to $614.00.
Average Rixford Assessed Value
$16,880
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 Rixford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16745 | $4,964 | $9,052 | $16,880 | $39,218 | $64,827 |
Source: Ownwell
Property Tax Bills Across Rixford, Pennsylvania
In Rixford, property tax bills are calculated based on the assessed value of a home, which is determined by local county assessors. The assessed value is then multiplied by the local property tax rate. For homeowners in McKean County, the median home price is $16,880. Depending on various factors such as the neighborhood and property characteristics, tax bills can vary significantly. For example, the 25th percentile tax bill is $326, while the 75th percentile tax bill reaches $1,289. At the higher end, the 90th percentile tax bill can go up to $2,270. These tax bills are influenced by the assessed value, local tax rates, and any applicable exemptions. Homeowners in Rixford might find their tax bills higher or lower than the national median property tax rate of 0.99%, impacting their annual financial planning. Understanding how these factors interplay can help homeowners anticipate their tax obligations and manage their finances more effectively.
Average Rixford Tax Bill
$614
Average Mckean County Tax Bill
$784
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rixford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16745 | $184 | $326 | $614 | $1,289 | $2,270 |
Source: Ownwell