Saint Marys, Elk County, Pennsylvania Property Taxes
The median property tax rate in Saint Marys, PA is 3.63%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $51,200 in Saint Marys, the typical annual property tax bill amounts to $1,856, surpassing the national median of $2,690. Property taxes in Saint Marys are determined based on the tax assessed value, which is often lower than the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding Saint Marys' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Saint Marys or another part of Elk County, familiarizing yourself with the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Saint Marys, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.63%
Estimate Property Tax Bill
$1,859
$1,725
Ownwell’s Saint Marys Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Saint Marys with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Saint Marys 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 Saint Marys, Elk County, Pennsylvania
Property taxes in Saint Marys, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Saint Marys is 3.63%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Saint Marys set these rates annually, and they can vary significantly across different neighborhoods. Each year, Saint Marys 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 Saint Marys' effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 15857 zip code has both the highest and lowest median property tax rate of 3.63%. Understanding how these cities compare with Saint Marys provides valuable insights into the varying tax landscape across Elk County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Saint Marys Tax Rate
3.63%
Average Elk County Tax Rate
3.06%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Saint Marys, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15857 | 3.63% | 3.63% | 3.63% | 3.63% | 3.63% |
Source: Ownwell
Property Tax Assessment Values Across Saint Marys, Elk County, Pennsylvania
In Saint Marys, 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 Elk 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 Saint Marys, 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 Saint Marys 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 15857, standing at $1,856, which is significantly above the national median property tax rate of 0.99%.
Property Tax Assessment Values Across Saint Marys, Elk County, Pennsylvania
Source: Ownwell
$11,700
$31,450
$51,200
Average Saint Marys Assessed Value
$51,200
Average Elk County Assessed Value
$39,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Saint Marys, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15857 | $11,400 | $38,000 | $51,200 | $69,000 | $93,900 |
Source: Ownwell
Property Tax Bills Across Saint Marys, Elk County, Pennsylvania
In Saint Marys, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $51,200, homeowners can expect their tax bill to vary significantly. The 25th percentile tax bill is around $1,376, while the 75th percentile reaches up to $2,502. Several factors influence the tax bill, including property size, location, and any improvements made to the property. These factors can cause fluctuations in the assessed value, thereby affecting the overall tax bill. For homeowners, understanding these elements is crucial as they directly impact the annual financial obligation. Compared to the national median property tax rate of 0.99%, Saint Marys' tax rates reflect the unique local economic conditions and funding needs.
Average Saint Marys Tax Bill
$1,856
Average Elk County Tax Bill
$1,325
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Saint Marys, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15857 | $410 | $1,376 | $1,856 | $2,502 | $3,410 |
Source: Ownwell