Property Taxes in Eldred, Pennsylvania
Median Eldred, Pennsylvania effective property tax rate: 3.74%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Eldred, Pennsylvania home value: $29,160
Median annual Eldred, Pennsylvania tax bill: $985, lower than the national median property tax bill of $2,400.
How are property taxes in McKean calculated?
Property taxes in Eldred, 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 Eldred's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Eldred, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Eldred Property Tax Calculator Work?
Use this Eldred property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Eldred's median effective tax rate of 3.74% — based on actual property records in McKean County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Eldred'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 Eldred: rates range from 3.74% in 16731 to 3.74% in 16731, 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 Eldred.
About Eldred Property Taxes
About Property Taxes in Eldred, McKean, Pennsylvania
Eldred’s median effective property tax rate of 3.74% 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 Eldred. Homeowners in the 16731 ZIP code carry a median effective rate of 3.74%, while those in 16731 pay 3.74%. 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 Eldred you live in can make a meaningful difference to your annual tax bill.
Eldred 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 Eldred, 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 Eldred'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 Eldred Tax Rate
3.74%
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 Eldred, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16731 | 2.53% | 3.36% | 3.74% | 3.74% | 4.39% |
Source: Ownwell
Property Tax Assessment Values Across Eldred, Mckean County, Pennsylvania
When examining property taxes in Eldred, 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 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 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 understanding how assessed and market values are determined, property owners can better navigate their tax responsibilities in Eldred.
For example, the median home price in Eldred is $29,160, with tax bills ranging significantly across the county. The median property tax bill is $985, compared with the national median property tax bill of $2,400 and the national median property tax rate of 1.02%.
Property Tax Assessment Values Across Eldred, Mckean County, Pennsylvania
Source: Ownwell
$10,325
$24,468
$38,610
Median Eldred Market Value
$29,160
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 Eldred, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16731 | $8,272 | $14,250 | $29,160 | $60,460 | $95,746 |
Source: Ownwell
Property Tax Bills Across Eldred, Mckean County, Pennsylvania
Property tax bills in Eldred are calculated by applying the local tax rate to a home’s assessed value, which is based on the property’s market value and any exemptions or local adjustments that may apply. For homeowners, this means the amount owed can change if the assessed value changes or if taxing authorities adjust rates.
With a median home price of $29,160, property taxes in Eldred are generally lower than the national median property tax bill of $2,400, but the bill can still vary widely from one home to another. The 25th percentile tax bill is $505, while the 75th percentile is $1,825 and the 90th percentile reaches $3,017. In ZIP code 16731, the median tax bill is $985.
Because property taxes are tied to assessed value, homeowners with similar homes may still see different bills depending on location, local levies, and exemptions.
Median Eldred Tax Bill
$985
Median Mckean County Tax Bill
$834
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$3,209
Property Tax Bills Across Eldred, Mckean County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16731 | $298 | $505 | $985 | $1,825 | $3,017 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| McKean Tax Assessor | |
| Website | mckeancounty.maps.arcgis.com |