Albion, Erie County, Pennsylvania Property Taxes
Median ALBION, PA effective property tax rate: 2.08%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median ALBION, PA home value: $83,300
Median annual ALBION, PA tax bill: $1,812, $588 lower than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in ALBION, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding ALBION’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ALBION, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Albion, Erie County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.08%
Estimate Property Tax Bill
$1,733
$1,608
Property Tax Rates Across Albion, Erie County, Pennsylvania
Local government entities determine tax rates, which can differ significantly across a state. This variation occurs because each county annually estimates its budgetary needs for services and divides this amount by the total value of all taxable property within its jurisdiction. This process establishes the property tax rate. Although votes and legislative measures play a role in setting these rates and budgets, this is the fundamental annual procedure.
Below, you can compare Albion’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S. Albion, located in Erie County, has a median property tax rate of 2.08%, which is notably higher than the national median of 1.02%. This rate is consistent across Erie County, as Albion shares its tax rate with other areas within the 16401 zip code. In Pennsylvania, property tax rates can vary, but Albion's rate stands out as one of the highest in the state. Understanding these rates is crucial for property owners considering an appeal or exemption, as it can significantly impact their financial planning.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Albion Tax Rate
2.08%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Erie County Tax Rate
2.59%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Albion, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16401 | 1.82% | 1.82% | 2.08% | 2.34% | 2.34% |
Source: Ownwell
Property Tax Assessment Values Across Albion, Erie County, Pennsylvania
When examining property taxes in Albion, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Erie County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Erie County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Albion. For example, the median home price in Albion is $83,300, with tax bills ranging significantly across the county. Zip code 16401 has the highest median home price at $83,300.
Property Tax Assessment Values Across Albion, Erie County, Pennsylvania
Source: Ownwell
$33,860
$103,725
$173,590
Median Albion Market Value
$83,300
Median Erie County Market Value
$98,900
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Albion, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16401 | $26,000 | $63,700 | $83,300 | $105,300 | $131,400 |
Source: Ownwell
Property Tax Bills Across Albion, Erie County, Pennsylvania
Median Albion Tax Bill
$1,812
Median Erie County Tax Bill
$2,898
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Albion, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16401 | $498 | $1,267 | $1,812 | $2,252 | $2,727 |
Source: Ownwell