Property Taxes in Derrick City, Pennsylvania
Median Derrick City, Pennsylvania effective property tax rate: 4.06%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Derrick City, Pennsylvania home value: $17,880
Median annual Derrick City, Pennsylvania tax bill: $624, lower than the national median property tax bill of $2,400.
How are property taxes in McKean County calculated?
Property taxes in Derrick City, 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 Derrick City’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Derrick City, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Derrick City Property Tax Calculator Work?
Use this Derrick City property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Derrick City's median effective tax rate of 4.06% — based on actual property records in McKean County — to generate your estimate.
Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Derrick City'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 Derrick City: rates range from 4.06% in 16727 to 4.06% in 16727, 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 Derrick City.
About Derrick City Property Taxes
About Property Taxes in Derrick City, McKean, Pennsylvania
Derrick City’s median effective property tax rate of 4.06% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the McKean 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 Derrick City. Homeowners in the 16727 ZIP code carry a median effective rate of 4.06%, while those in the lowest ZIP code pay 4.06%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across McKean County. Understanding which part of Derrick City you live in can make a meaningful difference to your annual tax bill.
Derrick City 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 Derrick City, Mckean 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 Derrick City'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 Derrick City Tax Rate
4.06%
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 Mckean County Tax Rate
3.62%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Derrick City, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16727 | 2.66% | 3.87% | 4.06% | 4.06% | 4.06% |
Source: Ownwell
Property Tax Assessment Values Across Derrick City, Mckean County, Pennsylvania
When examining property taxes in Derrick City, 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 McKean 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 McKean 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 Derrick City.
For example, the median home price in Derrick City is $17,880, with tax bills ranging significantly across the county. 16727 has the highest median home price at $17,880.
Property Tax Assessment Values Across Derrick City, Mckean County, Pennsylvania
Source: Ownwell
$10,325
$24,468
$38,610
Median Derrick City Market Value
$17,880
Median Mckean County Market Value
$23,870
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$274,101
Property Tax Assessment Values Across Derrick City, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16727 | $9,484 | $12,410 | $17,880 | $35,055 | $66,762 |
Source: Ownwell
Property Tax Bills Across Derrick City, Mckean County, Pennsylvania
Property tax bills in Derrick City are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value. Local taxing authorities use that assessment to determine how much a homeowner owes each year. The bill can also reflect exemptions, special district levies, and other local charges that affect the final amount.
For homeowners, the size of the tax bill depends on both the value of the home and the tax rate in the area. In Derrick City, the median home price is $17,880, and the median property tax bill is $624, which is well below the national median property tax bill of $2,400. Bills can still vary widely, with the 25th percentile at $479 and the 75th percentile at $1,163. The highest and lowest median tax bill in the area is $624 in ZIP code 16727.
Median Derrick City Tax Bill
$624
Median Mckean County Tax Bill
$834
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Derrick City, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16727 | $322 | $479 | $624 | $1,163 | $2,195 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| McKean Tax Assessor | |
| Website | mckeancounty.maps.arcgis.com |