16724 Property Tax Rate

Crosby, Pennsylvania · Part of McKean County

ACS 2019-2023 · Updated Dec 2024

Effective Tax Rate

1.60%

44.3% below state avg

Median Annual Tax

$1,563

$130/mo escrow

Estimate Your Tax

$
$50K$2M

Annual Tax

$1,563

Monthly

$130

Eff. Rate

1.60%

vs. Pennsylvania Avg44.3% below
vs. National Avg41.9% below

How ZIP 16724 Compares

Median Annual Property Tax

ZIP 16724$1,563
Pennsylvania Average$2,804
National Average$2,690

ZIP 16724

1.60%

Effective rate

Pennsylvania Avg

1.34%

Effective rate

National Avg

1.10%

Effective rate

State Ranking

Property Tax Rank in Pennsylvania

0.37%state avg 1.34%3.50%

Higher than 78% of ZIP codes in Pennsylvania(78th percentile, 1,638 ZIPs compared)

Property Tax Analysis

Property Tax Insights for ZIP 16724

Property owners in ZIP code 16724 (Crosby, Pennsylvania) pay a median of $1,563/year in property taxes on homes valued at $97,500. This translates to an effective tax rate of 1.60%, which is 19% above the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16724 is approximately $130, which factors into escrow payments on mortgages. This ZIP code is located within McKean County. This is $1,241 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16724 has higher property taxes. ZIP codes with similar effective rates include 18336 (1.60%) and 15774 (1.60%).

If you're considering purchasing a home in 16724, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult McKean County's tax assessor directly.

Frequently Asked Questions

What is the property tax rate in ZIP code 16724?
The effective property tax rate in ZIP code 16724 (Crosby, PA) is 1.60%. This rate is calculated by dividing the median annual property tax payment by the median home value within this ZIP Code Tabulation Area (ZCTA), based on U.S. Census Bureau data.
How much are property taxes in Crosby, PA (16724)?
The median annual property tax payment in ZIP code 16724 is $1,563. This figure represents the typical amount paid by homeowners in this area. Actual taxes vary based on your assessed property value and any applicable exemptions.
How does ZIP 16724 compare to the Pennsylvania average?
ZIP code 16724's effective tax rate of 1.60% is higher than the Pennsylvania state average of 1.34%. The median annual property tax in this ZIP is $1,563, compared to the state average of $2,804.
What is the median home value in ZIP 16724?
The median home value in ZIP code 16724 (Crosby, PA) is $97,500, according to U.S. Census Bureau American Community Survey 2019-2023 5-Year Estimates at the ZCTA level.
What county is ZIP code 16724 in?
ZIP code 16724 is part of McKean County in Pennsylvania. For broader county-level property tax data, including comparisons with other counties in Pennsylvania, visit the McKean County profile on TaxByCounty.

Margin of Error

The median property tax estimate for this ZIP code has a margin of error of ±$1,339. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.

County-Level Data

ZIP code 16724 is part of McKean County, Pennsylvania. View the full county profile for broader context and more data.

View McKean County on TaxByCounty →
By Logan Johnson, Founder & Data EditorUpdated Reviewed by Logan Johnson, Founder & Data Editor

Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.

Estimates are informational only and should not be used as financial or legal advice.

Learn about our data sources and methodology →