Mercer County, PA Property Tax Search

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In-depth Mercer County, PA Property Tax Information

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See detailed property tax information from the sample report for 840 Mercer Rd, Mercer County, PA

Property Tax Calculation

Property taxes in Pennsylvania are levied and collected locally and fund local entities such as counties, municipalities and school districts.

Market Value

A property's market value has been defined by the Pennsylvania State Supreme Court as the price in a competitive market a purchaser, willing but not obligated to buy, would pay an owner, willing but not obligated to sell, taking into consideration all the legal uses to which the property can be adapted and might reasonably be applied.

Assessed Value

The Assessor is responsible for establishing the assessed value of properties. They are calculated by multiplying a property's market use value by a predetermined ratio. This predetermined ratio is currently set to 100% for the whole county. The assessment process takes place every year.

Exemptions and Taxable Value

Taxable value represents the assessed value less any tax exemptions or exclusions that apply. For example, under the Homestead and Farmstead exclusion, local taxing jurisdictions in Pennsylvania are permitted to exempt from real property taxation dwellings, improvements and the parcel of land on which these are located that are used primarily as the domicile of an owner or for the agricultural production purpose.

We have no information about whether any exemptions currently apply to this property. Therefore, the taxable value will be equal to the assessed value.

Property Tax

Property tax is calculated by multiplying the assessed value with the corresponding millage rates and is an estimate of what an owner not benefiting from tax exemptions would pay. The rates are expressed as millages (i.e the actual rates multiplied by 1000).

Tax description	Assessed value		Millage rate		Tax amount
Mercer County	$14,600	x	27.2500	=	$397.85
School	$14,600	x	76.5000	=	$1,116.90
Municipality	$14,600	x	5.5000	=	$80.30
Property tax	$14,600	x	109.2500	=	$1,595

Actual taxes might differ from the figures displayed here due to various abatement, financial assistance programs and non-advalorem taxes. For more information please visit Mercer County's Assessor, Treasurer or look up this property's current valuation and tax situation.

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Land value		$1,800
Building value	+	$12,800
Market value	=	$14,600