Sagamore, Pennsylvania Property Taxes
The median property tax rate in Sagamore, PA is 2.83%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sagamore at $33,000, the typical annual property tax bill reaches $936, which is below the national median of $2,690. Property taxes in Sagamore 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 Sagamore'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 Sagamore 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
Sagamore, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.83%
Estimate Property Tax Bill
$934
Ownwell’s Sagamore Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sagamore with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sagamore 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 Armstrong County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Sagamore, Pennsylvania
Property taxes in Sagamore, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sagamore is 2.83%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sagamore set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sagamore 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 Sagamore's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16250 zip code has the highest median property tax rate of 2.83%, while the same zip code also has the lowest median tax rate of 2.83%. Understanding how these cities compare with Sagamore 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 Sagamore Tax Rate
2.83%
Average Armstrong County Tax Rate
2.94%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sagamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16250 | 2.83% | 2.83% | 2.83% | 2.83% | 2.84% |
Source: Ownwell
Property Tax Assessment Values Across Sagamore, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Sagamore, PA. 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 Sagamore, 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 Sagamore helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Sagamore's highest and lowest median tax bills are both $936, found in the 16250 zip code, highlighting a uniformity in tax burdens across the area.
Average Sagamore Assessed Value
$33,000
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 Sagamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16250 | $8,722 | $17,300 | $33,000 | $63,140 | $108,306 |
Source: Ownwell
Property Tax Bills Across Sagamore, Pennsylvania
In Sagamore, Armstrong County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local property tax rate to compute the annual tax bill. For instance, with a median home price of $33,000, homeowners can expect varying tax bills. The 25th percentile tax bill is around $490, while at the 75th percentile, it rises to $1,789. At the higher end, the 90th percentile tax bill can reach up to $3,068. Several factors influence the property tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. These taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting homeowners. Comparatively, the median tax bill in Sagamore is relatively lower than the national median property tax rate of 0.99%, offering some financial relief to local homeowners while still supporting community services.
Average Sagamore Tax Bill
$936
Average Armstrong County Tax Bill
$2,533
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sagamore, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16250 | $247 | $490 | $936 | $1,789 | $3,068 |
Source: Ownwell