Kane, Mckean County, Pennsylvania Property Taxes

Name: Property Tax Bills Across Kane, Mckean County, Pennsylvania
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median KANE, PA effective property tax rate: 3.45%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median KANE, PA home value: $23,320
Median annual KANE, PA tax bill: $780, $1,620 lower than the national median property tax bill of $2,400.

How are property taxes in McKean calculated?

Property taxes in KANE, 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 KANE’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in KANE, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Kane, Mckean County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.45%

Estimate Property Tax Bill

$805

$747

Ownwell’s Kane Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Kane with just two data points.

By entering your property's estimated assessed value, our calculator applies Kane’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by McKean County — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations.

This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in McKean County.

For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Kane, Mckean County, Pennsylvania

Local government entities are responsible for setting tax rates, which can vary significantly within Pennsylvania. Each year, counties like McKean determine their required budget for public services and divide this by the total assessed value of all taxable properties. This calculation results in the property tax rate. While votes and legislation play a role in setting these rates and budgets, this is essentially the annual process. Kane, located in McKean County, stands out with an effective property tax rate of 3.45%. This rate is notably higher compared to other cities in Pennsylvania and significantly exceeds the national median property tax rate of 1.02%. The median property tax bill in Kane also surpasses the national median of $2,400. Understanding how these rates are set and how they compare to state and national medians can be crucial for homeowners looking to manage their property tax liabilities effectively.

Property Tax Rates Across Kane, Mckean County, Pennsylvania

Source: Ownwell

3.14%

3.54%

3.94%

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 Kane Tax Rate

3.45%

Median Effective Mckean County Tax Rate

3.45%

Median Effective Pennsylvania Tax Rate

2.81%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Kane, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
16735	2.89%	3.06%	3.45%	3.45%	3.90%

Source: Ownwell

Property Tax Assessment Values Across Kane, Mckean County, Pennsylvania

When examining property taxes in Kane, 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 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.

In McKean 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 Kane. For example, the median home price in Kane is $23,320, with tax bills ranging significantly across the county. Zip code 16735 has the highest median home price at $23,320.

Property Tax Assessment Values Across Kane, Mckean County, Pennsylvania

Source: Ownwell

$10,750

$24,615

$38,480

Median Kane Market Value

$23,320

Median Mckean County Market Value

$23,400

Median Pennsylvania Market Value

$114,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Kane, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
16735	$8,848	$13,995	$23,320	$45,030	$86,444

Source: Ownwell

Property Tax Bills Across Kane, Mckean County, Pennsylvania

In Kane, McKean County, PA, property tax bills are determined by assessing the value of a home and applying the local tax rate. The median home price in this area is $23,320, and homeowners typically face a property tax bill around $780, which aligns with the 1.02% national median property tax rate. However, tax bills can vary significantly, with the 25th percentile at $473 and the 90th percentile reaching $2,557. These variations are influenced by factors such as property location, assessed value, and any applicable exemptions or deductions. High tax bills can place a financial burden on homeowners, making it vital to ensure assessments are accurate. Ownwell assists homeowners by providing expert property tax appeal and exemption services, potentially lowering tax bills. Our team reviews assessments for accuracy and identifies opportunities for savings, ensuring homeowners pay only their fair share. With Ownwell's help, residents in Kane can achieve significant savings on their property tax obligations, easing the financial strain.

Property Tax Bills Across Kane, Mckean County, Pennsylvania

Source: Ownwell

$371

$670

$969

Median Kane Tax Bill

$780

Median Mckean County Tax Bill

$784

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Kane, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
16735	$302	$473	$780	$1,421	$2,557

Source: Ownwell