Wilcox, Elk County, Pennsylvania Property Taxes

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

Median Wilcox, PA effective property tax rate: 2.81%, significantly higher than the national median of 1.02%, but lower than the PA state median of 2.81%.
Median Wilcox, PA home value: $26,100
Median annual Wilcox, PA tax bill: $734, $1,666 lower than the national median property tax bill of $2,400.

How are property taxes in Elk calculated?

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

Last Updated March 1, 2025

Wilcox, Elk County, Pennsylvania Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

2.91%

Estimate Property Tax Bill

$792

$735

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

By entering your property's estimated assessed value, our calculator applies WILCOX’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 Elk.

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

Property Tax Rates Across Wilcox, Elk County, Pennsylvania

Local government entities set tax rates, which can vary widely within a state. 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 Wilcox’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S. Wilcox, located in Elk County, has an effective property tax rate of 2.81%. This is significantly higher than the national median property tax rate of 1.02%. Pennsylvania's property tax rates can vary, but Wilcox is on the higher end of the spectrum. This means that property owners in Wilcox may face higher tax bills compared to the national median property tax bill of $2,400. Understanding these rates can help property owners make informed decisions and potentially seek property tax appeals or exemptions.

Property Tax Rates Across Wilcox, Elk County, Pennsylvania

Source: Ownwell

2.91%

3.55%

4.18%

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 Wilcox Tax Rate

2.91%

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 Wilcox, Elk County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
15870	2.91%	2.91%	2.91%	2.91%	2.91%

Source: Ownwell

Property Tax Assessment Values Across Wilcox, Elk County, Pennsylvania

When examining property taxes in Wilcox, 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 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 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 Wilcox. For example, the median home price in Wilcox is $26,100, with tax bills ranging significantly across the county. Zip code 15870 has the highest median home price at $26,100.

Property Tax Assessment Values Across Wilcox, Elk County, Pennsylvania

Source: Ownwell

$12,200

$31,850

$51,500

Median Wilcox Market Value

$27,200

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 Wilcox, Elk County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
15870	$3,600	$8,650	$27,200	$49,400	$74,660

Source: Ownwell

Property Tax Bills Across Wilcox, Elk County, Pennsylvania

In Wilcox, located in Elk County, PA, property tax bills are calculated based on the assessed value of a home. The median home price in the area is $26,100, which is significantly lower than the national median. Homeowners in this region experience a median property tax bill of $734, which is well below the national median of $2,400. This discrepancy highlights the relatively lower property tax burden in the area. However, the tax bill can vary significantly, with the 25th percentile at $236 and the 90th percentile reaching $2,051, indicating a wide range of tax liabilities depending on the property's assessed value and location within the county.

For homeowners in Wilcox, understanding how their property tax bill is determined is crucial to managing their finances. Ownwell offers services that help homeowners appeal their property tax assessments, potentially reducing their tax burden. By leveraging expert knowledge and experience, Ownwell assists homeowners in navigating the complexities of property tax assessments and exemptions, ensuring they pay only what is fair and equitable.

Property Tax Bills Across Wilcox, Elk County, Pennsylvania

Source: Ownwell

$386

$1,234

$2,082

Median Wilcox Tax Bill

$791

Median Elk County Tax Bill

$1,455

Median Pennsylvania Tax Bill

$3,050

Median United States Tax Bill

$2,400

Property Tax Bills Across Wilcox, Elk County, Pennsylvania

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
15870	$105	$251	$791	$1,439	$2,175

Source: Ownwell