Mount Jewett, Mckean County, Pennsylvania Property Taxes

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

Median MOUNT JEWETT, PA effective property tax rate: 3.79%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median MOUNT JEWETT, PA home value: $18,615
Median annual MOUNT JEWETT, PA tax bill: $635, $1,765 lower than the national median property tax bill of $2,400.

How are property taxes in McKean calculated?

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

Last Updated March 1, 2025

Mount Jewett, Mckean County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

3.79%

Estimate Property Tax Bill

$706

$655

Ownwell’s Mount Jewett Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Mount Jewett with just two data points. By entering your property's estimated assessed value, our calculator applies Mount Jewett’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your 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 Mount Jewett, Mckean County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. The annual process involves each county estimating its required budget to provide services and dividing 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 essentially how it works each year. In Mount Jewett in McKean County, the effective property tax rate is notably higher than both the Pennsylvania state median and the national median. With a rate of 3.79%, Mount Jewett stands out as having one of the highest median tax rates in the state, significantly exceeding the national median property tax rate of 1.02%. This means that property owners in Mount Jewett are likely to face higher tax bills compared to other regions. Understanding these differences can help property owners make informed decisions about appealing their property taxes or seeking exemptions.

Property Tax Rates Across Mount Jewett, 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 Mount Jewett Tax Rate

3.79%

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 Mount Jewett, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
16740	3.23%	3.23%	3.79%	3.87%	3.87%

Source: Ownwell

Property Tax Assessment Values Across Mount Jewett, Mckean County, Pennsylvania

When examining property taxes in Mount Jewett, 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. Assessment notices: 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 Mount Jewett. For example, the median home price in Mount Jewett is $18,615, with tax bills ranging significantly across the county. 16740 has the highest median home price at $18,615.

Property Tax Assessment Values Across Mount Jewett, Mckean County, Pennsylvania

Source: Ownwell

$10,750

$24,615

$38,480

Median Mount Jewett Market Value

$18,615

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 Mount Jewett, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
16740	$5,775	$10,605	$18,615	$38,278	$70,155

Source: Ownwell

Property Tax Bills Across Mount Jewett, Mckean County, Pennsylvania

In Mount Jewett, McKean County, PA, property tax bills are determined by assessing the value of a property and applying the local tax rate. The median home price in this area is $18,615, significantly lower than the national average. Despite the lower property values, the property tax rate can still impact homeowners. The tax bill at the 25th percentile is $387, while the 75th percentile reaches $1,373. At the 90th percentile, homeowners may see tax bills as high as $2,188, which is close to the national median property tax bill of $2,400. These figures highlight the importance of accurate property assessments and the potential for discrepancies. Ownwell assists homeowners by providing property tax appeal services, ensuring that property assessments are fair and accurate. By leveraging local expertise, Ownwell helps homeowners identify any over-assessments and apply for exemptions, potentially reducing their tax burden. This service is invaluable for homeowners looking to manage their expenses and protect their investment in their property.

Property Tax Bills Across Mount Jewett, Mckean County, Pennsylvania

Source: Ownwell

$371

$670

$969

Median Mount Jewett Tax Bill

$635

Median Mckean County Tax Bill

$784

Median Pennsylvania Tax Bill

$3,063

Median United States Tax Bill

$2,400

Property Tax Bills Across Mount Jewett, Mckean County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
16740	$213	$387	$635	$1,373	$2,188

Source: Ownwell

Don't miss the deadline to appeal!

Dates

Links
McKean Tax Assessor
Website	mckeancounty.maps.arcgis.com