Kane, Elk County, Pennsylvania Property Taxes
Median KANE, PA effective property tax rate: 3.06%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median KANE, PA home value: $13,800
Median annual KANE, PA tax bill: $422, $1,978 lower than the national median property tax bill of $2,400.
How are property taxes in Elk 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, Elk County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.28%
Estimate Property Tax Bill
$461
$428
Property Tax Rates Across Kane, Elk County, Pennsylvania
Local government entities determine tax rates, which can vary significantly within a state. Each year, counties estimate the budget needed for services and divide this by the total value of taxable property in their area, resulting in the property tax rate. Despite the involvement of votes and legislation in setting these rates and budgets, this is the core process followed annually.
Kane in Elk County, PA, presents an interesting case with its effective property tax rate. When compared to other cities within Pennsylvania and the national median, Kane's rate stands out. Pennsylvania's median property tax rate is notably higher than the national median of 1.02%. This difference highlights the unique tax landscape within the state.
For property owners in Kane, understanding these rates is crucial to managing financial expectations and making informed decisions. By comparing Kane's tax rate to both state and national figures, property owners can better navigate their obligations and optimize their property tax strategy.
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
3.28%
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 Elk County Tax Rate
3.31%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Kane, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16735 | 3.28% | 3.28% | 3.28% | 3.28% | 3.28% |
Source: Ownwell
Property Tax Assessment Values Across Kane, Elk 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 Elk 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.
In Elk 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 $13,800, with tax bills ranging significantly across the county. 16735 has the highest median home price at $13,800.
Property Tax Assessment Values Across Kane, Elk County, Pennsylvania
Source: Ownwell
$12,200
$31,850
$51,500
Median Kane Market Value
$14,050
Median Elk County Market Value
$39,600
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Kane, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16735 | $3,400 | $7,700 | $14,050 | $27,975 | $53,830 |
Source: Ownwell
Property Tax Bills Across Kane, Elk County, Pennsylvania
Median Kane Tax Bill
$461
Median Elk County Tax Bill
$1,455
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Kane, Elk County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16735 | $114 | $253 | $461 | $919 | $1,804 |
Source: Ownwell