Warrington, Pennsylvania Property Taxes
The median property tax rate in Warrington, PA is 1.61%, significantly higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $365,957, the typical annual property tax bill in Warrington reaches $5,913, far exceeding the national median of $2,690. Property taxes in Warrington are calculated based on the tax assessed value, which often falls below the market value due to exemptions such as those for primary residences and agricultural use. Understanding Warrington'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 Warrington or another part of Bucks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warrington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$5,892
Ownwell’s Warrington Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, or potential buyers to estimate their annual property taxes with just two data points. By entering your property's assessed value, the calculator uses the median tax rate in Warrington to provide an estimate of your property tax bill. This actionable insight helps you understand your potential tax liabilities better. If you’re looking to explore trends at a neighborhood level, scroll down for more localized information. Your property’s assessed value is determined by Bucks County for tax calculations, considering any applicable exemptions.
Property Tax Rates Across Warrington, Pennsylvania
Property taxes in Warrington, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warrington is 1.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Warrington set these rates annually, and they can vary across different neighborhoods. Each year, Warrington 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 Warrington's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18976 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with Warrington provides valuable insights into the varying tax landscape across Bucks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warrington Tax Rate
1.61%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warrington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18976 | 1.59% | 1.61% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across Warrington, Pennsylvania
In Warrington, 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 Bucks 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 Warrington, 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 Warrington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Warrington is $365,957, with the highest and lowest median tax bills both recorded at $5,913 in zip code 18976.
Property Tax Assessment Values Across Warrington, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Warrington Assessed Value
$365,957
Average Bucks County Assessed Value
$300,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warrington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18976 | $213,191 | $282,979 | $365,957 | $445,213 | $560,128 |
Source: Ownwell
Property Tax Bills Across Warrington, Pennsylvania
In Warrington, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For example, with a median home price of $365,957, homeowners can expect their tax bills to vary significantly. At the 25th percentile, tax bills are around $4,580, while at the 75th percentile, they can reach $7,206, and at the 90th percentile, they climb to $9,092. The highest and lowest median tax bills in the area are both $5,913, which is considerably higher than the national median property tax rate of 0.99%. These tax bills can significantly impact homeowners, affecting their monthly expenses and overall financial planning. Understanding how these factors interplay helps homeowners anticipate their annual property tax obligations and manage their budgets more effectively.
Average Warrington Tax Bill
$5,913
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Warrington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18976 | $3,528 | $4,580 | $5,913 | $7,206 | $9,092 |
Source: Ownwell