Sidman, Pennsylvania Property Taxes
The median property tax rate in Sidman, PA is 9.33%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sidman, the typical annual property tax bill reaches $1,128, exceeding the national median of $2,690. Property taxes in Sidman are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sidman's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Sidman or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sidman, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.33%
Estimate Property Tax Bill
$1,151
Ownwell’s Sidman Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sidman with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sidman to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sidman, Pennsylvania
Property taxes in Sidman, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sidman is 9.33%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sidman set these rates annually, and they can vary across different neighborhoods. Each year, Sidman estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Sidman's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15955 has the highest median property tax rate of 9.33%, while the same zip code also has the lowest median tax rate of 9.33%. Understanding how these cities compare with Sidman provides valuable insights into the varying tax landscape across Cambria County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sidman Tax Rate
9.33%
Average Cambria County Tax Rate
10.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sidman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15955 | 8.92% | 8.93% | 9.33% | 9.53% | 9.53% |
Source: Ownwell
Property Tax Assessment Values Across Sidman, Pennsylvania
In Sidman, Pennsylvania, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Cambria County Assessment Office for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Sidman, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Sidman helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Sidman are both $1,128 in the 15955 zip code.
Average Sidman Assessed Value
$12,340
Average Cambria County Assessed Value
$12,040
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sidman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15955 | $3,784 | $7,120 | $12,340 | $20,995 | $30,258 |
Source: Ownwell
Property Tax Bills Across Sidman, Pennsylvania
In Sidman, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county and reflects a percentage of the property's market value. For homeowners in Sidman, the median home price is $12,340, which is considerably lower than the national median. The tax bill varies significantly within the region. For instance, homeowners at the 25th percentile face an annual tax bill of $656, while those at the 75th percentile pay around $1,938. At the 90th percentile, the tax bill can reach as high as $2,843. These tax bills can impact homeowners by influencing their overall housing costs. Higher tax bills can make homeownership more expensive, potentially affecting decisions related to buying, selling, or maintaining a property. In Cambria County, the highest and lowest median tax bills are both recorded at $1,128 in the zip code 15955, providing a point of comparison for Sidman residents.
Average Sidman Tax Bill
$1,128
Average Cambria County Tax Bill
$1,315
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sidman, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15955 | $352 | $656 | $1,128 | $1,938 | $2,843 |
Source: Ownwell