Warriors Mark, Pennsylvania Property Taxes
The median property tax rate in Warriors Mark, PA is 2.90%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Warriors Mark at $130,480, the typical annual property tax bill reaches $4,028, exceeding the national median of $2,690. Property taxes in Warriors Mark 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 Warriors Mark'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 Warriors Mark or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warriors Mark, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.9%
Estimate Property Tax Bill
$3,784
Ownwell’s Warriors Mark Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warriors Mark with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warriors Mark 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 Warriors Mark, Pennsylvania
Property taxes in Warriors Mark, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warriors Mark is 2.90%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Warriors Mark set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warriors Mark 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 Warriors Mark's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16877 has the highest median property tax rate of 2.90%, while also having the lowest median tax rate of 2.90%. Understanding how these cities compare with Warriors Mark provides valuable insights into the varying tax landscape across Centre County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warriors Mark Tax Rate
2.90%
Average Centre County Tax Rate
3.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warriors Mark, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16877 | 2.89% | 2.90% | 2.90% | 3.19% | 3.19% |
Source: Ownwell
Property Tax Assessment Values Across Warriors Mark, Pennsylvania
In Warriors Mark, 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 Centre 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. Assessment notices in Warriors Mark 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 Warriors Mark helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 16877 has the highest and lowest median tax bill of $4028.
Property Tax Assessment Values Across Warriors Mark, Pennsylvania
Source: Ownwell
$21,600
$82,845
$144,090
Average Warriors Mark Assessed Value
$130,480
Average Centre County Assessed Value
$97,340
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Warriors Mark, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16877 | $45,992 | $87,860 | $130,480 | $202,505 | $308,198 |
Source: Ownwell
Property Tax Bills Across Warriors Mark, Pennsylvania
Property tax bills in Warriors Mark, located in Centre County, PA, are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is a percentage of the property's market value. For example, with a median home price of $130,480, the tax bill can vary significantly. Homeowners in the 25th percentile pay around $2,607, while those in the 75th percentile face a tax bill of approximately $6,232. The tax bill can reach up to $9,154 for homeowners in the 90th percentile. Several factors influence these tax bills, including property size, location, and improvements. Compared to the national median property tax rate of 0.99%, the rates in Warriors Mark can be higher, reflecting the value and amenities of the area. High property taxes can impact homeowners by increasing their overall housing costs, but they also contribute to local services and infrastructure, enhancing community living standards.
Average Warriors Mark Tax Bill
$4,028
Average Centre County Tax Bill
$3,173
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Warriors Mark, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16877 | $1,471 | $2,607 | $4,028 | $6,232 | $9,154 |
Source: Ownwell