Sinnamahoning, Pennsylvania Property Taxes
The median property tax rate in Sinnamahoning, PA is 3.77%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $13,790 in Sinnamahoning, the typical annual property tax bill amounts to $524, which is much lower than the national median of $2,690. Property taxes in Sinnamahoning are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Sinnamahoning'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 Sinnamahoning 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
Sinnamahoning, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.77%
Estimate Property Tax Bill
$520
Ownwell’s Sinnamahoning Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sinnamahoning with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sinnamahoning 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 Sinnamahoning, Pennsylvania
Property taxes in Sinnamahoning, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sinnamahoning is 1.46%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Sinnamahoning set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sinnamahoning 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 Sinnamahoning's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15861 zip code has the highest median property tax rate of 1.46%, while the lowest median tax rate is also 1.46%. Understanding how these cities compare with Sinnamahoning provides valuable insights into the varying tax landscape across Cameron County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sinnamahoning Tax Rate
3.77%
Average Cameron County Tax Rate
4.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sinnamahoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15861 | 3.77% | 3.77% | 3.77% | 3.77% | 4.04% |
Source: Ownwell
Property Tax Assessment Values Across Sinnamahoning, Pennsylvania
In Sinnamahoning, 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 Cameron 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. Assessment notices in Sinnamahoning 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 Sinnamahoning helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15861 has both the highest and lowest median tax bill at $524.
Property Tax Assessment Values Across Sinnamahoning, Pennsylvania
Source: Ownwell
$12,910
$22,759
$32,608
Average Sinnamahoning Assessed Value
$13,790
Average Cameron County Assessed Value
$27,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sinnamahoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15861 | $3,500 | $7,000 | $13,790 | $24,038 | $38,640 |
Source: Ownwell
Property Tax Bills Across Sinnamahoning, Pennsylvania
In Sinnamahoning, located in Cameron County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county and is a percentage of the market value of the property. For example, if the median home price is $13,790, the assessed value will be a fraction of this amount. The tax rate is then applied to this assessed value to determine the tax bill. Various factors influence the final tax bill, including the property's location, size, and any applicable exemptions or deductions. The tax bills in Sinnamahoning vary significantly, with the 25th percentile at $264 and the 75th percentile at $916. The highest median tax bill in the area is $524, which is significantly lower than the national median property tax rate of 0.99%. For homeowners, these property taxes fund essential local services such as schools, roads, and emergency services, affecting the overall community and quality of life.
Average Sinnamahoning Tax Bill
$524
Average Cameron County Tax Bill
$1,107
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sinnamahoning, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15861 | $132 | $264 | $524 | $916 | $1,391 |
Source: Ownwell