Sugar Run, Wyoming County, Pennsylvania Property Taxes
The median property tax rate in Sugar Run, PA is 5.16%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $72,100 in Sugar Run, the typical annual property tax bill reaches $3,784, far exceeding the national median of $2,690. Property taxes in Sugar Run 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 Sugar Run'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 Sugar Run or another part of Wyoming County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Sugar Run, Wyoming County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
5.16%
Estimate Property Tax Bill
$3,720
$3,452
Ownwell’s Sugar Run Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sugar Run with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sugar Run 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 Sugar Run, Wyoming County, Pennsylvania
Property taxes in Sugar Run, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sugar Run is 5.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sugar Run set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sugar Run 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 Sugar Run's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18846 zip code has the highest median property tax rate of 5.16%, while the same zip code also has the lowest median tax rate of 5.16%. Understanding how these cities compare with Sugar Run provides valuable insights into the varying tax landscape across Wyoming County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Sugar Run Tax Rate
5.16%
Average Wyoming County Tax Rate
5.74%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sugar Run, Wyoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18846 | 5.16% | 5.16% | 5.16% | 5.43% | 5.69% |
Source: Ownwell
Property Tax Assessment Values Across Sugar Run, Wyoming County, Pennsylvania
In Sugar Run, 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 Wyoming 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 Sugar Run, 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 Sugar Run helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Wyoming County, the highest and lowest median tax bills are both $3,784, found in the 18846 zip code.
Property Tax Assessment Values Across Sugar Run, Wyoming County, Pennsylvania
Source: Ownwell
$32,740
$52,420
$72,100
Average Sugar Run Assessed Value
$72,100
Average Wyoming County Assessed Value
$49,130
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Sugar Run, Wyoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18846 | $45,498 | $63,128 | $72,100 | $84,835 | $89,098 |
Source: Ownwell
Property Tax Bills Across Sugar Run, Wyoming County, Pennsylvania
In Sugar Run, Wyoming County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $72,100, homeowners can expect varying tax bills. The 25th percentile tax bill is around $3,416, while the 75th percentile reaches $4,701, and the 90th percentile peaks at $4,948. Factors influencing the tax bill include property size, location, and any improvements made to the property. These elements can cause fluctuations in the assessed value, thereby affecting the tax amount. Homeowners in Sugar Run experience higher property tax bills compared to the national median property tax rate of 0.99%. This can impact household budgets significantly, making it essential for homeowners to stay informed about their property's assessed value and any potential tax exemptions they might qualify for.
Average Sugar Run Tax Bill
$3,784
Average Wyoming County Tax Bill
$2,930
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sugar Run, Wyoming County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18846 | $3,035 | $3,416 | $3,784 | $4,701 | $4,948 |
Source: Ownwell