Sayre, Pennsylvania Property Taxes
The median property tax rate in Sayre, PA is 3.92%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sayre at $63,300, the typical annual property tax bill reaches $2,452, which is just below the national median of $2,690. Property taxes in Sayre 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 Sayre'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 Sayre 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
Sayre, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.92%
Estimate Property Tax Bill
$2,481
Ownwell’s Sayre Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sayre with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sayre 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 Sayre, Pennsylvania
Property taxes in Sayre, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Sayre is 3.92%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sayre set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sayre 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 Sayre's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18840 zip code has the highest median property tax rate of 3.92%, while the same zip code also has the lowest median tax rate of 3.92%. Understanding how these cities compare with Sayre provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sayre Tax Rate
3.92%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sayre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18840 | 3.60% | 3.66% | 3.92% | 4.07% | 4.07% |
Source: Ownwell
Property Tax Assessment Values Across Sayre, Pennsylvania
In Sayre, 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 Bradford 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 Sayre, 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 Sayre helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $2,452 in the 18840 zip code, while the lowest median tax bill is also $2,452 in the same zip code.
Average Sayre Assessed Value
$63,300
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sayre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18840 | $26,900 | $44,707 | $63,300 | $89,777 | $142,634 |
Source: Ownwell
Property Tax Bills Across Sayre, Pennsylvania
In Sayre, located in Bradford 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 represents a percentage of the property's market value. Homeowners in Sayre experience varying tax bills depending on their property's assessed value and the specific tax rate set by local authorities. For instance, the median home price in Sayre is $63,300, and the property tax rate in Bradford County is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile face an annual tax bill of $1,735, while those in the 75th percentile pay around $3,359. The tax burden can be even more substantial for those in the 90th percentile, reaching up to $5,154 annually. These property taxes fund essential community services such as schools, emergency services, and infrastructure maintenance. Consequently, higher property taxes can impact homeowners' overall financial planning and affordability of homeownership in Sayre.
Average Sayre Tax Bill
$2,452
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sayre, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18840 | $1,005 | $1,735 | $2,452 | $3,359 | $5,154 |
Source: Ownwell