Sabinsville, Pennsylvania Property Taxes
The median property tax rate in Sabinsville, PA is 2.89%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sabinsville, the typical annual property tax bill reaches $1,752, which is below the national median of $2,690. Property taxes in Sabinsville 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 Sabinsville'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 Sabinsville or another part of Tioga County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sabinsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.89%
Estimate Property Tax Bill
$1,907
Ownwell’s Sabinsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sabinsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sabinsville 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 Sabinsville, Pennsylvania
Property taxes in Sabinsville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sabinsville 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 Sabinsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sabinsville 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 Sabinsville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16943 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with Sabinsville provides valuable insights into the varying tax landscape across Tioga County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sabinsville Tax Rate
2.89%
Average Tioga County Tax Rate
2.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sabinsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16943 | 1.91% | 2.63% | 2.89% | 2.89% | 2.89% |
Source: Ownwell
Property Tax Assessment Values Across Sabinsville, Pennsylvania
In Sabinsville, 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 Tioga 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 Sabinsville, 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 Sabinsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16943, with a value of $1752.00.
Average Sabinsville Assessed Value
$66,000
Average Tioga County Assessed Value
$70,440
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sabinsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16943 | $24,170 | $40,350 | $66,000 | $101,860 | $141,960 |
Source: Ownwell
Property Tax Bills Across Sabinsville, Pennsylvania
In Sabinsville, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The tax rate, known as the millage rate, is then applied to this assessed value to determine the annual tax bill. Several factors influence the assessed value, including the property's market value, location, and any improvements made to the home. For example, in Tioga County, where Sabinsville is located, the median home price is $66,000. Property tax bills can vary significantly, with the 25th percentile at $1,085 and the 75th percentile reaching $2,420. The 90th percentile tax bill is even higher, at $3,578. This variability highlights how different factors can affect the final tax amount. Compared to the national median property tax rate of 0.99%, homeowners in Sabinsville might find their tax bills relatively higher or lower depending on their specific circumstances. Understanding these factors can help homeowners better anticipate their annual property tax obligations and budget accordingly.
Average Sabinsville Tax Bill
$1,752
Average Tioga County Tax Bill
$1,960
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sabinsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16943 | $666 | $1,085 | $1,752 | $2,420 | $3,578 |
Source: Ownwell