Mc Clure, Pennsylvania Property Taxes
The median property tax rate in MC CLURE, PA is 2.71%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in MC CLURE at $85,400, the typical annual property tax bill reaches $2,318, which is below the national median of $2,690. Property taxes in MC CLURE are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding MC CLURE'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 CLURE 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 Clure, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.71%
Estimate Property Tax Bill
$2,314
Ownwell’s MC CLURE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC CLURE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC CLURE 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 Clure, Pennsylvania
Property taxes in McClure, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in McClure is 2.71%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within McClure set these rates annually, and they can vary significantly across different neighborhoods. Each year, McClure 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 McClure's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in the region is also 2.71%, found in the zip code 17841. Understanding how these areas compare with McClure provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Clure Tax Rate
2.71%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Clure, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17841 | 2.71% | 2.71% | 2.71% | 2.71% | 2.71% |
Source: Ownwell
Property Tax Assessment Values Across Mc Clure, Pennsylvania
In Mc Clure, 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 Mifflin 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 Mc Clure, 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 Clure helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 17841, with a value of $2,318, while the lowest median tax bill is also in the same zip code at $2,318.
Average Mc Clure Assessed Value
$85,400
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Clure, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17841 | $35,000 | $59,100 | $85,400 | $113,875 | $152,750 |
Source: Ownwell
Property Tax Bills Across Mc Clure, Pennsylvania
In MC CLURE, located in Mifflin County, PA, property tax bills are calculated based on the assessed value of a home. This assessed value is determined by the local tax assessor and is typically a percentage of the property's market value. Once the assessed value is established, it is multiplied by the local property tax rate to determine the annual tax bill. Several factors influence the assessed value, including the home's size, age, location, and condition. Market trends and recent sales of comparable properties in the area also play a significant role. For homeowners in MC CLURE, the median home price is $85,400. Property tax bills in this region vary, with the 25th percentile at $1,604 and the 75th percentile at $3,091. At the 90th percentile, homeowners might see tax bills as high as $4,147. These property taxes directly impact homeowners by contributing to local services such as schools, infrastructure, and emergency services, ensuring a well-maintained community.
Average Mc Clure Tax Bill
$2,318
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Clure, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17841 | $950 | $1,604 | $2,318 | $3,091 | $4,147 |
Source: Ownwell