Property Taxes in Graceton, Pennsylvania
Median Graceton, Pennsylvania effective property tax rate: 2.51%, significantly lower than the national median of 1.02%, and lower than the Pennsylvania state median of 2.75%.
Median Graceton, Pennsylvania home value: $49,650
Median annual Graceton, Pennsylvania tax bill: $1,286, lower than the national median property tax bill of $2,400.
How are property taxes in Indiana calculated?
Property taxes in Graceton, Pennsylvania 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 Graceton's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Graceton, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Graceton Property Tax Calculator Work?
Use this Graceton property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Graceton's median effective tax rate of 2.51% — based on actual property records in Indiana County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local assessment office uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Graceton's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Graceton: rates are 2.51% in 15748, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Graceton.
About Graceton Property Taxes
About Property Taxes in Graceton, Indiana, PA
Graceton’s median effective property tax rate of 2.51% is lower than the 2.75% state median and higher than the national median of 1.02%. This rate reflects the Indiana County base levy combined with local school district levies and special taxing districts that vary by subdivision throughout the city.
Property tax rates are not uniform across Graceton. Homeowners in the 15748 ZIP code carry a median effective rate of 2.51%, while those in the lowest ZIP also pay 2.51%. This reflects how school district boundaries and local assessment districts are drawn across Indiana County. Understanding which part of Graceton you live in can make a meaningful difference to your annual tax bill.
Graceton homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before the August 1, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Graceton, Indiana County, Pennsylvania
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Graceton's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
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 Graceton Tax Rate
2.51%
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 Indiana County Tax Rate
2.26%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Graceton, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15748 | 2.51% | 2.51% | 2.51% | 2.51% | 2.51% |
Source: Ownwell
Property Tax Assessment Values Across Graceton, Indiana County, Pennsylvania
When examining property taxes in Graceton, Pennsylvania, 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 Indiana County assessment office 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 Indiana County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of the month.
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 Graceton.
For example, the median home price in Graceton is $49,650, with tax bills ranging significantly across the county. ZIP code 15748 has the highest median home price at $49,650.
Property Tax Assessment Values Across Graceton, Indiana County, Pennsylvania
Source: Ownwell
$26,000
$83,800
$141,600
Median Graceton Market Value
$49,650
Median Indiana County Market Value
$98,500
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Graceton, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15748 | $2,000 | $3,625 | $49,650 | $68,175 | $97,760 |
Source: Ownwell
Property Tax Bills Across Graceton, Indiana County, Pennsylvania
Property tax bills in Graceton are calculated by applying the local tax rate to a home’s assessed value, which is based on the market value of the property. Local taxing authorities use that assessment to determine how much each homeowner owes, so the bill can change when property values or tax rates change.
For Graceton homeowners, the median home price is $49,650, and the median tax bill is $1,286.00. That amount sits below the national median property tax bill of $2,400, but bills can still vary widely from one home to another. The 25th percentile tax bill is $281, while the 75th percentile is $1,744 and the 90th percentile reaches $2,482.
Because the bill is tied to assessed value, homeowners with higher-value properties generally pay more. Even small changes in assessment or local rates can affect annual costs, making property taxes an important part of homeownership in Graceton.
Median Graceton Tax Bill
$1,286
Median Indiana County Tax Bill
$2,273
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Graceton, Indiana County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15748 | $51 | $281 | $1,286 | $1,744 | $2,482 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | August 1 |
Links | |
|---|---|
| Indiana Tax Assessor | |
| Website | www.courthouseonline.com |