Sligo, Pennsylvania Property Taxes
The median property tax rate in Sligo, PA is 9.03%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Sligo at $13,210, the typical annual property tax bill reaches $1,152, surpassing the national median of $2,690. Property taxes in Sligo are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Sligo's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Sligo or another part of Clarion County, gaining insight into the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sligo, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
9.03%
Estimate Property Tax Bill
$1,193
Ownwell’s Sligo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sligo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sligo 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 Sligo, Pennsylvania
Property taxes in Sligo, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Sligo stands at 9.03%, significantly higher than the U.S. national median of 0.99%. Local government entities within Sligo set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sligo 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 Sligo's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16255 has the highest median property tax rate of 9.03%, while the same zip code also has the lowest median tax rate of 9.03%. Understanding how these areas compare with Sligo 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 Sligo Tax Rate
9.03%
Average Clarion County Tax Rate
8.04%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sligo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16255 | 7.81% | 7.81% | 9.03% | 9.06% | 9.06% |
Source: Ownwell
Property Tax Assessment Values Across Sligo, Pennsylvania
In Sligo, 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 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 Sligo, 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 Sligo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The 16255 zip code has the highest median tax bill at $1,152, while the lowest is also $1,152.
Average Sligo Assessed Value
$13,210
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 Sligo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16255 | $3,852 | $8,455 | $13,210 | $19,115 | $25,393 |
Source: Ownwell
Property Tax Bills Across Sligo, Pennsylvania
In Sligo, located in Clarion County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and can differ significantly from the market value. Once the assessed value is established, it is multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Sligo, the median home price is $13,210, and property tax bills can vary widely. For instance, the 25th percentile tax bill is $716, while the 75th percentile tax bill reaches $1,657, and the 90th percentile tax bill is as high as $2,153. These tax bills impact homeowners by influencing their overall housing costs and potentially affecting their budget and financial planning. Compared to the national median property tax rate of 0.99%, the property tax rates in Sligo may appear more favorable or less favorable depending on individual assessed values and specific tax rates applied. Understanding these factors can help homeowners better anticipate their tax obligations and manage their finances accordingly.
Average Sligo Tax Bill
$1,152
Average Clarion County Tax Bill
$1,119
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sligo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16255 | $333 | $716 | $1,152 | $1,657 | $2,153 |
Source: Ownwell