Port Allegany, Potter County, Pennsylvania Property Taxes
Median Port Allegany, PA effective property tax rate: 7.78%, significantly higher than the national median of 1.02%, and higher than the Pennsylvania state median of 2.75%.
Median Port Allegany, PA home value: $10,080
Median annual Port Allegany, PA tax bill: $753, $1,647 lower than the national median property tax bill of $2,400.
How are property taxes in Potter calculated?
Property taxes in Port Allegany, 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 Port Allegany's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Port Allegany, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Port Allegany, Potter County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
7.78%
Estimate Property Tax Bill
$784
$728
Property Tax Rates Across Port Allegany, Potter County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. This variation arises 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.
Port Allegany in Potter County, PA, offers a unique perspective on property tax rates. With an effective property tax rate of 7.78%, Port Allegany's rate stands out not only in Pennsylvania but also on a national scale. In contrast to the national median property tax rate of 1.02%, Port Allegany's rate is significantly higher. Additionally, the median property tax bill nationally is $2,400, showcasing a stark difference when compared to the local figures.
By understanding these differences, property owners in Port Allegany can better navigate their financial responsibilities. Exploring property tax appeal and exemption services can be a crucial step in managing these obligations effectively.
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 Port Allegany Tax Rate
7.78%
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 Potter County Tax Rate
7.47%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Port Allegany, Potter County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16743 | 7.09% | 7.10% | 7.78% | 7.78% | 7.79% |
Source: Ownwell
Property Tax Assessment Values Across Port Allegany, Potter County, Pennsylvania
When examining property taxes in Port Allegany, 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 Potter 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 Potter County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 Port Allegany. For example, the median home price in Port Allegany is $10,080, with tax bills ranging significantly across the county. Zip code 16743 has the highest median home price at $10,080.
Property Tax Assessment Values Across Port Allegany, Potter County, Pennsylvania
Source: Ownwell
$8,800
$17,080
$25,360
Median Port Allegany Market Value
$10,080
Median Potter County Market Value
$13,620
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Port Allegany, Potter County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16743 | $3,992 | $5,420 | $10,080 | $19,845 | $40,334 |
Source: Ownwell
Property Tax Bills Across Port Allegany, Potter County, Pennsylvania
Median Port Allegany Tax Bill
$753
Median Potter County Tax Bill
$1,037
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Port Allegany, Potter County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16743 | $311 | $408 | $753 | $1,504 | $2,937 |
Source: Ownwell