16743 Property Tax Rate

Property owners in ZIP code 16743 (Port Allegany, Pennsylvania) pay a median of $1,646/year in property taxes on homes valued at $116,100. This translates to an effective tax rate of 1.42%, which is 6% above the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16743 is approximately $137, which factors into escrow payments on mortgages. This ZIP code is located within McKean County. This is $1,158 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16743 has higher property taxes. ZIP codes with similar effective rates include 17111 (1.42%) and 16341 (1.42%).

In Port Allegany, property taxes represent approximately 3.1% of the median household income of $53,846, providing context for the relative tax burden on homeowners in this area.

Pennsylvania has no statewide property tax cap; McKean County Assessor conducts local assessments, and reassessment can occur at any time, potentially raising your tax liability. Seniors (65+), widows/widowers, and disabled persons earning ≤$35,000 should apply for Pennsylvania's Property Tax/Rent Rebate Program through the Department of Revenue — eligible residents recover $250–$1,000+ annually. Contact the McKean County Assessor within 30 days of closing to confirm your assessment and apply for school district-specific homestead exclusions that reduce taxable value.