Mckean County, Pennsylvania Property Taxes
The median property tax rate in McKean County is 3.45%, which is significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in McKean County, the typical annual property tax bill reaches $784, which is below the national median of $2,690. Property taxes in McKean County are calculated based on the tax assessed value, which generally falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding McKean County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Bradford or another part of McKean County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Mckean County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.45%
Estimate Property Tax Bill
$807
$749
Ownwell’s McKean County Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in McKean County with just two data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in McKean County to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Mckean County, Pennsylvania
Property taxes in McKean County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in McKean County is 3.45%, which is significantly higher than the U.S. national median of 0.99%. Local government entities within McKean set these rates annually, and they can vary significantly between different areas within the county. Each year, McKean County estimates its required budget to maintain services for the upcoming fiscal year and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. For comparison, the city of Custer City has one of the higher property tax rates in the region at 3.94%, while the city of Turtlepoint boasts one of the lowest at 3.14%. Analyzing how McKean County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Mckean County Tax Rate
3.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Mckean County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | 2.33% | 3.37% | 3.37% | 3.37% | 3.37% |
| Bradford | 3.45% | 3.79% | 3.94% | 3.94% | 5.29% |
| Crosby | 2.41% | 2.75% | 3.37% | 3.37% | 3.37% |
| Custer City | 3.94% | 3.94% | 3.94% | 3.94% | 3.94% |
| Cyclone | 2.67% | 3.44% | 3.44% | 3.44% | 3.79% |
| Derrick City | 2.68% | 3.71% | 3.94% | 3.94% | 3.94% |
| Duke Center | 3.02% | 3.71% | 3.71% | 3.71% | 3.71% |
| East Smethport | 3.44% | 3.44% | 3.44% | 3.44% | 3.44% |
| Eldred | 2.36% | 3.14% | 3.48% | 3.48% | 4.06% |
| Gifford | 3.44% | 3.44% | 3.44% | 3.79% | 3.79% |
| Hazel Hurst | 3.54% | 3.67% | 3.67% | 3.67% | 3.67% |
| Kane | 2.89% | 3.06% | 3.45% | 3.45% | 3.90% |
| Lewis Run | 3.79% | 3.79% | 3.79% | 3.79% | 3.89% |
| Ludlow | 3.08% | 3.45% | 3.45% | 3.45% | 3.45% |
| Mount Jewett | 3.23% | 3.23% | 3.79% | 3.87% | 3.87% |
| Port Allegany | 2.07% | 2.85% | 3.19% | 3.19% | 3.78% |
| Rew | 3.01% | 3.44% | 3.44% | 3.44% | 3.94% |
| Rixford | 3.50% | 3.71% | 3.71% | 3.71% | 3.71% |
| Shinglehouse | N/A | N/A | N/A | N/A | N/A |
| Smethport | 2.34% | 3.19% | 3.37% | 3.44% | 3.44% |
| Turtlepoint | 2.04% | 2.50% | 3.14% | 3.14% | 3.14% |
| Westline | 3.79% | 3.79% | 3.79% | 3.79% | 3.79% |
| Wilcox | 3.23% | 3.23% | 3.23% | 3.23% | 3.23% |
Source: Ownwell
Property Tax Assessment Values Across Mckean County, Pennsylvania
In McKean County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the McKean County Appraisal District. The assessed value, however, 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. Assessment notices in McKean County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in McKean County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In McKean County, the cities with the highest and lowest median tax bills are Crosby at $969 and Ludlow at $371, respectively.
Property Tax Assessment Values Across Mckean County, Pennsylvania
Source: Ownwell
$10,750
$24,615
$38,480
Average Mckean County Assessed Value
$23,400
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Mckean County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | $3,510 | $11,250 | $18,160 | $42,340 | $50,850 |
| Bradford | $7,442 | $12,895 | $23,685 | $50,822 | $104,779 |
| Crosby | $11,067 | $12,138 | $32,450 | $49,625 | $88,952 |
| Custer City | $5,420 | $9,940 | $23,740 | $36,680 | $45,700 |
| Cyclone | $9,584 | $14,252 | $22,520 | $47,552 | $97,592 |
| Derrick City | $9,608 | $12,430 | $17,880 | $35,450 | $64,024 |
| Duke Center | $5,910 | $10,405 | $19,470 | $40,645 | $88,370 |
| East Smethport | $9,738 | $13,670 | $21,600 | $24,760 | $45,150 |
| Eldred | $8,410 | $13,982 | $28,455 | $59,798 | $91,990 |
| Gifford | $6,215 | $11,805 | $22,650 | $39,605 | $60,525 |
| Hazel Hurst | $5,334 | $9,000 | $13,080 | $24,670 | $45,724 |
| Kane | $8,848 | $13,995 | $23,320 | $45,030 | $86,444 |
| Lewis Run | $7,490 | $12,965 | $21,770 | $41,342 | $64,680 |
| Ludlow | $5,088 | $7,970 | $10,750 | $23,790 | $120,836 |
| Mount Jewett | $5,775 | $10,605 | $18,615 | $38,278 | $70,155 |
| Port Allegany | $9,020 | $14,335 | $27,640 | $64,695 | $103,630 |
| Rew | $11,570 | $14,660 | $26,210 | $45,950 | $64,780 |
| Rixford | $4,964 | $9,052 | $16,880 | $39,218 | $64,827 |
| Shinglehouse | N/A | N/A | N/A | N/A | N/A |
| Smethport | $6,640 | $12,352 | $22,595 | $51,280 | $92,940 |
| Turtlepoint | $9,138 | $19,600 | $38,480 | $76,710 | $159,094 |
| Westline | $4,660 | $11,050 | $18,080 | $39,420 | $43,990 |
| Wilcox | $5,404 | $7,920 | $12,210 | $17,100 | $32,452 |
Source: Ownwell
Property Tax Bills Across Mckean County, Pennsylvania
In McKean County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the county’s tax rate to determine the annual tax bill. Factors such as property location, size, and market conditions are considered in the assessment process. Homeowners in McKean County experience varying tax bills, with the 25th percentile at $442 and the 75th percentile at $1,580. The highest median tax bill in the county is found in Crosby at $969, while Ludlow has the lowest at $371. These figures highlight the disparity in tax burdens within the county, reflecting differences in property values and local tax rates. Comparatively, McKean County's property tax rate can be seen as moderate when viewed against the national median property tax rate of 0.99%. This affects homeowners by determining their annual financial obligations, influencing both their budget and the overall cost of homeownership.
Average Mckean County Tax Bill
$784
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Mckean County, Pennsylvania
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Austin | $118 | $367 | $613 | $1,255 | $1,610 |
| Bradford | $295 | $504 | $947 | $1,922 | $3,774 |
| Crosby | $373 | $410 | $969 | $1,564 | $1,947 |
| Custer City | $213 | $391 | $899 | $1,444 | $1,799 |
| Cyclone | $226 | $482 | $774 | $1,567 | $2,805 |
| Derrick City | $324 | $483 | $604 | $1,285 | $2,103 |
| Duke Center | $198 | $363 | $680 | $1,450 | $2,595 |
| East Smethport | $335 | $471 | $744 | $853 | $1,491 |
| Eldred | $274 | $460 | $894 | $1,682 | $2,684 |
| Gifford | $214 | $411 | $781 | $1,346 | $2,113 |
| Hazel Hurst | $165 | $306 | $459 | $894 | $1,680 |
| Kane | $302 | $473 | $780 | $1,421 | $2,557 |
| Lewis Run | $287 | $487 | $806 | $1,546 | $2,456 |
| Ludlow | $175 | $275 | $371 | $820 | $3,099 |
| Mount Jewett | $213 | $387 | $635 | $1,373 | $2,188 |
| Port Allegany | $268 | $444 | $845 | $1,709 | $2,672 |
| Rew | $277 | $530 | $903 | $1,573 | $2,231 |
| Rixford | $184 | $326 | $614 | $1,289 | $2,270 |
| Shinglehouse | N/A | N/A | N/A | N/A | N/A |
| Smethport | $209 | $406 | $713 | $1,515 | $2,584 |
| Turtlepoint | $287 | $503 | $921 | $2,069 | $3,783 |
| Westline | $176 | $418 | $685 | $1,493 | $1,666 |
| Wilcox | $175 | $256 | $395 | $553 | $1,011 |
Source: Ownwell