Sycamore, Pennsylvania Property Taxes
The median property tax rate in Sycamore, PA is 3.21%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $65,500 in Sycamore, the typical annual property tax bill reaches $2,199, which is below the national median of $2,690. Property taxes in Sycamore 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 Sycamore'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 Sycamore 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
Sycamore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$2,103
Ownwell’s Sycamore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sycamore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sycamore 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 Sycamore, Pennsylvania
Property taxes in Sycamore, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sycamore is 1.40%, higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Sycamore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sycamore 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 Sycamore's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15364 zip code has the highest median property tax rate of 1.40%, while the 15364 zip code also has the lowest median tax rate of 1.40%. Understanding how these cities compare with Sycamore provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sycamore Tax Rate
3.21%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sycamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15364 | 2.41% | 2.99% | 3.21% | 3.67% | 4.18% |
Source: Ownwell
Property Tax Assessment Values Across Sycamore, Pennsylvania
In Sycamore, 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 Greene 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 Sycamore, 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 Sycamore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both recorded at $2,199 in zip code 15364.
Average Sycamore Assessed Value
$65,500
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sycamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15364 | $16,826 | $31,425 | $65,500 | $106,645 | $145,195 |
Source: Ownwell
Property Tax Bills Across Sycamore, Pennsylvania
In Sycamore, Greene County, 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 assessor and is supposed to reflect the market value of the property. Homeowners in Sycamore can expect varying tax bills depending on their property's assessed value. For instance, the 25th percentile tax bill is $1,188, while the 75th percentile tax bill is $3,359, and those in the 90th percentile can see tax bills as high as $4,572. These figures indicate a significant range in property tax bills, influenced by the property's assessed value and the applicable tax rate. Compared to the national median property tax rate of 0.99%, homeowners in Sycamore might find their tax obligations to be comparatively higher or lower based on these assessed values. The highest and lowest median tax bills in Greene County are both recorded at $2,199, which can offer a reference point for homeowners evaluating their tax responsibilities.
Average Sycamore Tax Bill
$2,199
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sycamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15364 | $539 | $1,188 | $2,199 | $3,359 | $4,572 |
Source: Ownwell