16727 Property Tax Rate

Property owners in ZIP code 16727 (Derrick City, Pennsylvania) pay a median of $1,708/year in property taxes on homes valued at $85,000. This translates to an effective tax rate of 2.01%, which is 50% above the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16727 is approximately $142, which factors into escrow payments on mortgages. This ZIP code is located within McKean County. This is $1,096 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16727 has higher property taxes. ZIP codes with similar effective rates include 18936 (2.01%) and 19510 (2.01%).

In Derrick City, property taxes represent approximately 1.9% of the median household income of $89,243, providing context for the relative tax burden on homeowners in this area.

If you're considering purchasing a home in 16727, 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.