Sciota, Pennsylvania Property Taxes
The median property tax rate in Sciota, PA is 0.35%, significantly lower than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sciota being $165,390, the typical annual property tax bill is $726, well below the national median of $2,690. Property taxes in Sciota are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sciota'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 Sciota or another part of Monroe County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sciota, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.35%
Estimate Property Tax Bill
$579
Ownwell’s Sciota Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sciota with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sciota 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 Monroe County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sciota, Pennsylvania
Property taxes in Sciota, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sciota is 0.35%, which is lower than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sciota set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sciota 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 Sciota's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the highest median property tax rate in Pennsylvania is significantly higher, while other areas have rates that are much lower. Understanding how these cities compare with Sciota provides valuable insights into the varying tax landscape across Monroe County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sciota Tax Rate
0.35%
Average Monroe County Tax Rate
0.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sciota, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18354 | 0.35% | 0.35% | 0.35% | 0.59% | 0.59% |
Source: Ownwell
Property Tax Assessment Values Across Sciota, Pennsylvania
In Sciota, 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 Monroe 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 Sciota, 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 Sciota helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bills is 18354, both at $726.
Average Sciota Assessed Value
$165,390
Average Monroe County Assessed Value
$134,550
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sciota, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18354 | $115,485 | $137,940 | $165,390 | $209,995 | $276,820 |
Source: Ownwell
Property Tax Bills Across Sciota, Pennsylvania
In Sciota, Monroe County, PA, property tax bills are determined based on the assessed value of a property, which is then multiplied by the local tax rate. The assessed value is a percentage of the market value, and this figure is used to calculate the annual property tax bill. Homeowners in Sciota can expect property tax bills to vary significantly. The 25th percentile tax bill is around $563, while the 75th percentile reaches $988, and the 90th percentile goes up to $1626. With a median home price of $165,390 in Sciota, the property tax rate in this region is relatively moderate compared to the national median property tax rate of 0.99%. The highest and lowest median tax bills in the area are both $726, indicating a level of consistency in tax assessments. These property taxes fund essential local services such as public schools, infrastructure, and emergency services, directly impacting the quality of life for homeowners.
Average Sciota Tax Bill
$726
Average Monroe County Tax Bill
$814
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sciota, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18354 | $481 | $563 | $726 | $988 | $1,626 |
Source: Ownwell