Meadville, Pennsylvania Property Taxes
The median property tax rate in Meadville, PA is 2.94%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Meadville at $34,201, the typical annual property tax bill reaches $1,244, exceeding the national median of $2,690. Property taxes in Meadville 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 Meadville'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 Meadville 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
Meadville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.94%
Estimate Property Tax Bill
$1,006
Ownwell’s Meadville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Meadville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Meadville 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 Meadville, Pennsylvania
Property taxes in Meadville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Meadville is 2.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Meadville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Meadville 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 Meadville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16335 zip code has the highest median property tax rate of 2.94%, while the same zip code also has the lowest median tax rate of 2.94%. Understanding how these cities compare with Meadville 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 Meadville Tax Rate
2.94%
Average Crawford County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Meadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16335 | 2.76% | 2.76% | 2.94% | 4.33% | 5.85% |
Source: Ownwell
Property Tax Assessment Values Across Meadville, Pennsylvania
In Meadville, 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 Crawford 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 Meadville, 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 Meadville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,244 in the 16335 zip code, while the lowest median tax bill is also $1,244 in the same zip code.
Average Meadville Assessed Value
$34,201
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 Meadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16335 | $13,098 | $22,502 | $34,201 | $50,398 | $68,555 |
Source: Ownwell
Property Tax Bills Across Meadville, Pennsylvania
In Meadville, Crawford County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners, the median home price in Meadville is $34,201, and the property tax rate is a crucial factor in determining their tax obligations. The tax bill varies significantly across different percentiles. For instance, at the 25th percentile, homeowners can expect to pay around $805 annually, while at the 75th percentile, the tax bill rises to approximately $1,797. At the 90th percentile, homeowners might face a tax bill as high as $2,661. The highest median tax bill in the area is $1,244, found in the 16335 zip code. Compared to the national median property tax rate of 0.99%, Meadville homeowners experience varying degrees of tax burdens based on their property's assessed value and the local tax rate, affecting their overall financial planning and homeownership costs.
Average Meadville Tax Bill
$1,244
Average Crawford County Tax Bill
$1,304
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Meadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16335 | $448 | $805 | $1,244 | $1,797 | $2,661 |
Source: Ownwell