Mc Kean, Erie County, Pennsylvania Property Taxes
Median MC KEAN, 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 MC KEAN, PA home value: $108,700
Median annual MC KEAN, PA tax bill: $2,257, $143 lower than the national median property tax bill of $2,400.
How are property taxes in Erie calculated?
Property taxes in MC KEAN, 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 MC KEAN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in MC KEAN, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Mc Kean, Erie County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.28%
Estimate Property Tax Bill
$2,486
$2,307
Property Tax Rates Across Mc Kean, Erie County, Pennsylvania
Local government entities are responsible for setting tax rates, which can differ significantly within a state. The reason for this variation is that each county annually estimates the budget required to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in setting tax rates and budgets, this is the essence of the annual process.
In MC KEAN, located in Erie County, PA, the effective property tax rate stands out when compared to other cities in Pennsylvania and the national average. With a median property tax rate of 2.08%, MC KEAN's rate is notably higher than the national median of 1.02%. This means property owners in MC KEAN pay more in property taxes compared to many other places in the U.S.
Understanding these rates is crucial for property owners looking to manage their expenses effectively. By comparing MC KEAN’s tax rate with state and national figures, property owners can gain insight into how their local tax obligations stack up against broader benchmarks.
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 Mc Kean Tax Rate
2.28%
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
2.79%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Mc Kean, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16426 | 2.28% | 2.28% | 2.28% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Mc Kean, Erie County, Pennsylvania
When examining property taxes in MC KEAN, 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 MC KEAN.
For example, the median home price in MC KEAN is $108,700, with tax bills ranging significantly across the county. Zip code 16426 has the highest median home price at $108,700.
Property Tax Assessment Values Across Mc Kean, Erie County, Pennsylvania
Source: Ownwell
$33,910
$104,138
$174,365
Median Mc Kean Market Value
$109,030
Median Erie County Market Value
$99,200
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Mc Kean, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16426 | $10,900 | $28,925 | $109,030 | $148,098 | $187,975 |
Source: Ownwell
Property Tax Bills Across Mc Kean, Erie County, Pennsylvania
Median Mc Kean Tax Bill
$2,477
Median Erie County Tax Bill
$3,131
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Mc Kean, Erie County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16426 | $248 | $658 | $2,477 | $3,348 | $4,164 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates |
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Links | |
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| Erie Tax Assessor | |
| Website | public.eriecountypa.gov |