Sipesville, Somerset County, Pennsylvania Property Taxes
Median Sipesville, PA effective property tax rate: 3.22%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median Sipesville, PA home value: $50,560
Median annual Sipesville, PA tax bill: $1,629, $771 lower than the national median property tax bill of $2,400.
How are property taxes in Somerset calculated?
Property taxes in Sipesville, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Sipesville’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Sipesville, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Sipesville, Somerset County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.31%
Estimate Property Tax Bill
$1,611
$1,495
Property Tax Rates Across Sipesville, Somerset County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Sipesville's effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
In Sipesville, located in Somerset County, the property tax rate stands out significantly when compared to both the state and national medians. The effective tax rate here is notably higher than the national median property tax rate of 1.02%. This means that homeowners in Sipesville contribute a larger portion of their property's assessed value in taxes each year. For potential homeowners or investors, understanding these rates is crucial for budgeting and financial planning. While the national median property tax bill is $2,400, the figures in Sipesville could be substantially different due to the higher rate. Being informed about these differences can aid in making well-considered real estate decisions.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Sipesville Tax Rate
3.31%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Somerset County Tax Rate
2.76%
Median Effective Pennsylvania Tax Rate
2.75%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Sipesville, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15561 | 3.31% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across Sipesville, Somerset County, Pennsylvania
When examining property taxes in Sipesville, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Somerset County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Somerset County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Sipesville. For example, the median home price in Sipesville is $50,560, with tax bills ranging significantly across the county. Zip code 15561 has the highest median home price at $50,560.
Property Tax Assessment Values Across Sipesville, Somerset County, Pennsylvania
Source: Ownwell
$27,300
$80,700
$134,100
Median Sipesville Market Value
$48,660
Median Somerset County Market Value
$51,980
Median Pennsylvania Market Value
$118,310
Median United States Market Value
$235,294
Property Tax Assessment Values Across Sipesville, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15561 | $30,918 | $41,450 | $48,660 | $57,450 | $74,250 |
Source: Ownwell
Property Tax Bills Across Sipesville, Somerset County, Pennsylvania
In Sipesville, Somerset County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. With a median home price of $50,560, homeowners might expect tax bills around the national median of $2,400. However, the local tax bills vary significantly, with the 25th percentile at $1,406 and the 75th percentile reaching $1,928. Factors influencing these variations include the assessed value of the property and any applicable exemptions or deductions. The tax bill in Sipesville can impact homeowners by affecting their overall housing costs and financial planning.
Ownwell can assist homeowners in Sipesville by reviewing their property assessments and identifying potential inaccuracies. By appealing over-assessed values and ensuring homeowners receive all eligible exemptions, Ownwell helps reduce tax bills. This service not only saves money but also provides peace of mind, knowing that property taxes are fair and accurate. Homeowners can rely on Ownwell to navigate the complexities of property tax appeals, ensuring they pay only their fair share.
Median Sipesville Tax Bill
$1,611
Median Somerset County Tax Bill
$1,441
Median Pennsylvania Tax Bill
$3,050
Median United States Tax Bill
$2,400
Property Tax Bills Across Sipesville, Somerset County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15561 | $1,023 | $1,372 | $1,611 | $1,901 | $2,457 |
Source: Ownwell