16427 Property Tax Rate

Property owners in ZIP code 16427 (Mill Village, Pennsylvania) pay a median of $935/year in property taxes on homes valued at $113,800. This translates to an effective tax rate of 0.82%, which is 39% below the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16427 is approximately $78, which factors into escrow payments on mortgages. This ZIP code is located within Erie County. This is $1,869 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16427 has lower property taxes. ZIP codes with similar effective rates include 15942 (0.82%) and 19138 (0.82%).

In Mill Village, property taxes represent approximately 1.6% of the median household income of $58,636, providing context for the relative tax burden on homeowners in this area.

Pennsylvania has no statewide property tax cap; Erie County Assessor reassesses properties independently, and your assessment may increase substantially at any time. Seniors (65+), widows/widowers, and disabled homeowners earning ≤$35,000 qualify for Pennsylvania's Property Tax/Rent Rebate Program, returning $250–$1,000+ annually — apply at revenue.pa.gov. File with the Erie County Assessor within 30 days of purchase to verify your assessed value and claim homestead exclusions through your school district, which can reduce your taxable base by $10,000–$15,000.