16342 Property Tax Rate

Property owners in ZIP code 16342 (Polk, Pennsylvania) pay a median of $1,687/year in property taxes on homes valued at $113,700. This translates to an effective tax rate of 1.48%, which is 11% above the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16342 is approximately $141, which factors into escrow payments on mortgages. This ZIP code is located within Venango County. This is $1,117 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16342 has lower property taxes. ZIP codes with similar effective rates include 16236 (1.48%) and 18935 (1.48%).

In Polk, property taxes represent approximately 2.7% of the median household income of $62,227, providing context for the relative tax burden on homeowners in this area.

Pennsylvania has no statewide property tax cap; Venango County Assessor sets assessments locally, and reassessment may occur at any time, increasing your property tax burden. Seniors (65+), widows/widowers, and disabled homeowners with income ≤$35,000 qualify for Pennsylvania's Property Tax/Rent Rebate Program, which returns $250–$1,000+ annually — apply through the Department of Revenue. Contact the Venango County Assessor within 30 days of closing to confirm your base assessment and request applicable school district homestead exclusions.