16749 Property Tax Rate

Property owners in ZIP code 16749 (Smethport, Pennsylvania) pay a median of $1,662/year in property taxes on homes valued at $115,000. This translates to an effective tax rate of 1.45%, which is 8% above the Pennsylvania state average of 1.34%.

The monthly property tax burden for a median-valued home in 16749 is approximately $139, which factors into escrow payments on mortgages. This ZIP code is located within McKean County. This is $1,142 less than the Pennsylvania average of $2,804/year.

Compared to similar ZIP codes in Pennsylvania, 16749 has lower property taxes. ZIP codes with similar effective rates include 19544 (1.45%) and 16125 (1.45%).

In Smethport, property taxes represent approximately 2.4% of the median household income of $70,114, 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.