Mc Intyre, Pennsylvania Property Taxes
The median property tax rate in McIntyre, PA is 2.30%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in McIntyre, the typical annual property tax bill reaches $907, which is below the national median of $2,690. Property taxes in McIntyre 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 McIntyre'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 McIntyre or another part of Indiana County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mc Intyre, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.3%
Estimate Property Tax Bill
$905
Ownwell’s MC INTYRE Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in MC INTYRE with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in MC INTYRE 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 Intyre, Pennsylvania
Property taxes in Mc Intyre, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Mc Intyre is 2.30%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Mc Intyre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Mc Intyre 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 Mc Intyre's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15756 has the highest median property tax rate of 2.30%, while the same zip code also has the lowest median tax rate of 2.30%. Understanding how these cities compare with Mc Intyre provides valuable insights into the varying tax landscape across Indiana County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Mc Intyre Tax Rate
2.30%
Average Indiana County Tax Rate
2.03%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mc Intyre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15756 | 2.30% | 2.30% | 2.30% | 2.30% | 2.30% |
Source: Ownwell
Property Tax Assessment Values Across Mc Intyre, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Mc Intyre, Pennsylvania. 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 Indiana 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 Intyre, 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. In Mc Intyre, the highest and lowest median tax bills are both $907 in the 15756 zip code. Knowing these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Mc Intyre Assessed Value
$39,350
Average Indiana County Assessed Value
$98,600
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mc Intyre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15756 | $22,810 | $29,875 | $39,350 | $56,150 | $86,730 |
Source: Ownwell
Property Tax Bills Across Mc Intyre, Pennsylvania
In Mc Intyre, located in Indiana County, PA, property tax bills are determined by assessing the value of a home and applying the local tax rate to this assessed value. The median home price in Mc Intyre is $39,350, which is considerably lower than the national median. This lower home value directly influences the property tax bill, making it more manageable for homeowners. The tax bill varies significantly within the city, with the 25th percentile tax bill at $693 and the 75th percentile reaching $1,313. At the higher end, the 90th percentile tax bill is $2,014. These figures indicate a range of tax obligations based on property values and other local factors. Homeowners in Mc Intyre benefit from relatively lower property taxes compared to national figures, where the median property tax rate is 0.99%. The highest and lowest median tax bills in the area are both recorded at $907 in the zip code 15756, showing some consistency in tax assessments within that region. This system ensures that property taxes are proportionate to the value of the property, providing a fair approach to taxation.
Average Mc Intyre Tax Bill
$907
Average Indiana County Tax Bill
$2,051
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mc Intyre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15756 | $535 | $693 | $907 | $1,313 | $2,014 |
Source: Ownwell