Sarver, Pennsylvania Property Taxes
The median property tax rate in Sarver, PA is 3.21%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Sarver at $160,630, the typical annual property tax bill reaches $5,156, far exceeding the national median of $2,690. Property taxes in Sarver 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 Sarver'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 Sarver or another part of Armstrong County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sarver, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.21%
Estimate Property Tax Bill
$5,156
Ownwell’s Sarver Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Sarver with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sarver to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. For those 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 Armstrong County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sarver, Pennsylvania
Property taxes in Sarver, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sarver is 3.21%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sarver set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sarver 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 Sarver's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16055 has the highest median property tax rate of 3.21%, while the same zip code also has the lowest median tax rate of 3.21%. Understanding how these cities compare with Sarver provides valuable insights into the varying tax landscape across Armstrong County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sarver Tax Rate
3.21%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sarver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16055 | 3.21% | 3.21% | 3.21% | 3.21% | 3.21% |
Source: Ownwell
Property Tax Assessment Values Across Sarver, Pennsylvania
In Sarver, 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 Armstrong 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 Sarver, 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 Sarver helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in Sarver is $5,156 in the 16055 zip code, while the lowest median tax bill is also $5,156 in the same zip code.
Average Sarver Assessed Value
$160,630
Average Armstrong County Assessed Value
$84,270
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sarver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16055 | $57,720 | $106,155 | $160,630 | $290,465 | $405,090 |
Source: Ownwell
Property Tax Bills Across Sarver, Pennsylvania
In Sarver, PA, property tax bills are determined by the assessed value of the property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is determined by the county's assessment office. For example, if a home in Sarver has a median home price of $160,630, the assessed value would be a portion of that amount. The local tax rate is then applied to this assessed value to calculate the annual tax bill. Several factors influence the final tax bill, including property size, location, and any applicable exemptions or deductions. Homeowners in Sarver can expect varying tax bills, with the 25th percentile tax bill at $3,407 and the 75th percentile tax bill at $9,129. The highest median tax bill in the area is $5,156, found in the 16055 zip code. Compared to the national median property tax rate of 0.99%, the rates in Sarver can significantly impact homeowners, making it crucial for residents to understand their property assessments and potential tax obligations.
Average Sarver Tax Bill
$5,156
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sarver, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16055 | $1,853 | $3,407 | $5,156 | $9,129 | $13,003 |
Source: Ownwell