Elco, Crawford County, Pennsylvania Property Taxes
Median ELCO, PA effective property tax rate: 5.37%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%. Median ELCO, PA home value: $31,501. Median annual ELCO, PA tax bill: $1,690, $710 lower than the national median property tax bill of $2,400.
How are property taxes in Crawford calculated?
Property taxes in ELCO, 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 ELCO’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in ELCO, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Elco, Crawford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
5.37%
Estimate Property Tax Bill
$1,692
$1,570
Property Tax Rates Across Elco, Crawford County, Pennsylvania
Local government entities are responsible for setting property tax rates, which can differ significantly within Pennsylvania. Each year, counties like Crawford estimate their budgets to fund essential services and then divide this by the total value of all taxable properties within the county. This calculation determines the property tax rate. While setting these rates involves votes and legal considerations, this is the basic annual procedure.
In ELCO, located in Crawford County, the effective property tax rate is notably higher than the national median of 1.02%. This can be attributed to various factors, including the county's specific budgetary needs and property values. When compared to other cities across Pennsylvania, ELCO stands out for its higher property tax rate, reflecting the local government's approach to meeting its financial requirements.
Understanding these variations can be crucial for property owners in ELCO and other areas, as it highlights the importance of staying informed about local tax policies. By doing so, property owners can make more informed financial decisions and potentially explore opportunities for tax appeals or exemptions.
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 Elco Tax Rate
5.37%
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 Crawford County Tax Rate
5.74%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Elco, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15434 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Elco, Crawford County, Pennsylvania
When examining property taxes in ELCO, 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 Crawford 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.
Assessment notices:
In Crawford 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 ELCO.
For example, the median home price in ELCO is $31,501, with tax bills ranging significantly across the county.
Property Tax Assessment Values Across Elco, Crawford County, Pennsylvania
Source: Ownwell
$15,850
$25,925
$35,999
Median Elco Market Value
$31,501
Median Crawford County Market Value
$26,552
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Elco, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15434 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Elco, Crawford County, Pennsylvania
In ELCO, PA, property tax bills are calculated based on the assessed value of the property, not its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. With a median home price of $31,501, homeowners in Crawford County typically face a tax bill of around $1,690. This amount is significantly lower than the national median property tax bill of $2,400, offering some relief to local homeowners. However, understanding the nuances of property assessments can be challenging, and many homeowners might be paying more than they should.
Ownwell offers a solution by providing expert property tax appeal services. By reviewing your property's assessed value, Ownwell identifies potential discrepancies and works to secure a fairer tax assessment. This can lead to substantial savings on your property tax bill. With Ownwell’s assistance, homeowners in ELCO can ensure they are not overpaying, allowing them to allocate their finances more effectively.
Median Elco Tax Bill
$1,690
Median Crawford County Tax Bill
$1,304
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across Elco, Crawford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15434 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
