Polk, Mercer County, Pennsylvania Property Taxes
Property Taxes in Polk, Pennsylvania
Median Polk, Pennsylvania effective property tax rate: 8.46%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Polk, Pennsylvania home value: $2,050
Median annual Polk, Pennsylvania tax bill: $188, $2,212 lower than the national median property tax bill of $2,400.
How are property taxes in Mercer calculated?
Property taxes in Polk, 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 Polk's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Polk, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
Polk, Mercer County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
8.46%
Estimate Property Tax Bill
$173
$161
How Does the Polk Property Tax Calculator Work?
Use this Polk property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Polk's median effective tax rate of 8.46% — based on actual property records in Mercer 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 Polk'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 Polk: rates range from 188.00 in 16342 to 188.00 in 16342, 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 Polk.
About Polk Property Taxes
About Property Taxes in Polk, Mercer, Pennsylvania
Polk’s median effective property tax rate of 8.46% is higher than the Pennsylvania state median of 2.75% and higher than the national median of 1.02%. This rate reflects the Mercer 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 Polk. Homeowners in ZIP code 16342 carry a median effective rate of 8.46%, while those in the same ZIP code pay 8.46%. This spread reflects how school district boundaries and local assessment districts are drawn across Mercer County. Understanding which part of Polk you live in can make a meaningful difference to your annual tax bill.
Polk homeowners who believe their assessed value is too high can file a formal appeal with the local Tax Assessor before August 1, 2026.
If your estimated bill 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 Polk, Mercer 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 Polk'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 Ă· 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 Polk Tax Rate
8.46%
Our median effective property tax rate (tax bill Ă· 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 Mercer County Tax Rate
9.91%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Polk, Mercer County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16342 | 8.44% | 8.44% | 8.46% | 8.82% | 9.17% |
Source: Ownwell
Property Tax Assessment Values Across Polk, Mercer County, Pennsylvania
When examining property taxes in Polk, 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 Mercer 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 Mercer County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of February.
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 Polk.
For example, the median home price in Polk is $2,050, with tax bills ranging significantly across the county. 16342 has the highest median home price at $2,050.
Property Tax Assessment Values Across Polk, Mercer County, Pennsylvania
Source: Ownwell
$2,050
$3,200
$4,350
Median Polk Market Value
$2,050
Median Mercer County Market Value
$1,700
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Polk, Mercer County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16342 | $1,500 | $1,525 | $2,050 | $7,775 | $8,750 |
Source: Ownwell
Property Tax Bills Across Polk, Mercer County, Pennsylvania
Property tax bills in Polk are based on the assessed value of a home and the local tax rate set by the county and other taxing authorities. When a property’s assessed value rises, the tax bill can increase, even if the homeowner’s income does not change. The median home price in the area is $2,050, which helps show how local property values factor into the calculation.
Homeowners in Polk may see a wide range of tax bills depending on where they live and how their property is assessed. The 25th percentile tax bill is $129, while the 75th percentile is $656 and the 90th percentile is $803. The highest and lowest median tax bill in the area is $188 in ZIP code 16342. Compared with the national median property tax rate of 1.02% and national median property tax bill of $2,400, Polk homeowners generally face much lower property tax bills.
Median Polk Tax Bill
$188
Median Mercer County Tax Bill
$177
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Polk, Mercer County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16342 | $127 | $129 | $188 | $656 | $803 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | September 1 |
Links | |
|---|---|
| Mercer Tax Assessor | |
| Website | iaspublicaccess.mercercountypa.gov |