Sigel, Pennsylvania Property Taxes
The median property tax rate in Sigel, PA is 8.84%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sigel, the typical annual property tax bill reaches $525, which is considerably lower than the national median of $2,690. Property taxes in Sigel are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sigel'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 Sigel 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
Sigel, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
8.84%
Estimate Property Tax Bill
$524
Ownwell’s Sigel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sigel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sigel 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 Sigel, Pennsylvania
Property taxes in Sigel, Pennsylvania, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sigel is 8.84%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sigel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sigel 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 Sigel's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15860 zip code has both the highest and lowest median property tax rate of 8.84%. Understanding how these cities compare with Sigel provides valuable insights into the varying tax landscape across Clarion County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sigel Tax Rate
8.84%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sigel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | 8.84% | 8.84% | 8.84% | 8.84% | 8.84% |
Source: Ownwell
Property Tax Assessment Values Across Sigel, Pennsylvania
In Sigel, 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 Clarion County Appraisal District 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 Sigel, 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 Sigel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15860 has both the highest and lowest median tax bills, standing at $525.
Average Sigel Assessed Value
$5,932
Average Clarion County Assessed Value
$13,522
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sigel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | $2,740 | $3,442 | $5,932 | $14,572 | $21,498 |
Source: Ownwell
Property Tax Bills Across Sigel, Pennsylvania
In Sigel, Clarion County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. For example, the median home price in Sigel is $5,932. Homeowners in the 25th percentile of tax bills pay around $304 annually, while those in the 75th percentile pay approximately $1,289. At the 90th percentile, tax bills can reach up to $1,901. Factors such as property improvements, market conditions, and neighborhood changes can influence the assessed value, thereby affecting the tax bill. Compared to the national median property tax rate of 0.99%, Sigel's property tax rates reflect a localized approach to funding public services. This system ensures that homeowners contribute to community resources like schools, emergency services, and infrastructure, based on their property's assessed value. The highest and lowest median tax bills in Sigel are both recorded at $525, highlighting some consistency in tax assessments within the area.
Average Sigel Tax Bill
$525
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sigel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15860 | $242 | $304 | $525 | $1,289 | $1,901 |
Source: Ownwell