Sykesville, Pennsylvania Property Taxes
The median property tax rate in Sykesville, PA is 0.25%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sykesville, the typical annual property tax bill is $259, far below the national median of $2,690. Property taxes in Sykesville 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 Sykesville'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 Sykesville 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
Sykesville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.25%
Estimate Property Tax Bill
$262
Ownwell’s Sykesville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sykesville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sykesville 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 Sykesville, Pennsylvania
Property taxes in Sykesville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sykesville is 0.25%, which is significantly lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sykesville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sykesville 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 Sykesville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania can be found in some areas, while other regions have the lowest median tax rates. Understanding how these cities compare with Sykesville provides valuable insights into the varying tax landscape across Clearfield County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sykesville Tax Rate
0.25%
Average Clearfield County Tax Rate
0.25%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sykesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15865 | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
Source: Ownwell
Property Tax Assessment Values Across Sykesville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sykesville, Pennsylvania. 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 Clearfield County Assessor 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 Sykesville, 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. For instance, the highest median tax bill in the area is $259 in zip code 15865, while the lowest median tax bill is also $259 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Sykesville Assessed Value
$104,798
Average Clearfield County Assessed Value
$86,111
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sykesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15865 | $22,778 | $34,028 | $104,798 | $125,315 | $163,005 |
Source: Ownwell
Property Tax Bills Across Sykesville, Pennsylvania
In Sykesville, property tax bills are calculated based on the assessed value of a home, which is determined by the Clearfield County assessor's office. The assessed value is a percentage of the market value of the property. Homeowners in Sykesville can expect property tax bills to vary significantly, with the 25th percentile at $84 and the 75th percentile at $310. The highest median tax bill in the area is $259, which is also the lowest, indicating a relatively consistent tax rate within the same zip code. Several factors influence the final tax bill, including the property's assessed value, local tax rates, and any applicable exemptions. These taxes fund essential services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, property taxes in Sykesville can be considered relatively low. For homeowners, understanding how these factors interplay is crucial for financial planning and ensuring they accurately budget for their annual property tax obligations.
Average Sykesville Tax Bill
$259
Average Clearfield County Tax Bill
$214
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sykesville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15865 | $56 | $84 | $259 | $310 | $403 |
Source: Ownwell