Irvine, Pennsylvania Property Taxes
The median property tax rate in Irvine, PA is 4.20%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Irvine at $27,008, the typical annual property tax bill reaches $933, surpassing the national median of $2,690. Property taxes in Irvine are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Irvine'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 Irvine or another part of Warren County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Irvine, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.2%
Estimate Property Tax Bill
$1,134
Ownwell’s Irvine Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Irvine with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Irvine 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 Irvine, Pennsylvania
Property taxes in Irvine, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Irvine is 4.20%, significantly higher than both the Pennsylvania state median of 1.46% and the U.S. national median of 0.99%. Local government entities within Irvine set these rates annually, and they can vary significantly across different neighborhoods. Each year, Irvine 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 Irvine's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16329 zip code has the highest median property tax rate of 4.20%, while the same 16329 zip code also has the lowest median tax rate of 4.20%. Understanding how these cities compare with Irvine provides valuable insights into the varying tax landscape across Warren County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Irvine Tax Rate
4.20%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Irvine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16329 | 2.95% | 3.21% | 4.20% | 4.28% | 4.28% |
Source: Ownwell
Property Tax Assessment Values Across Irvine, Pennsylvania
In Irvine, 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 Warren 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 Irvine, 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 Irvine helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Irvine is $27,008, with tax bills ranging from $575 at the 25th percentile to $1,970 at the 90th percentile. The highest and lowest median tax bill is $933 in the 16329 zip code.
Average Irvine Assessed Value
$27,008
Average Warren County Assessed Value
$33,691
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Irvine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16329 | $8,971 | $15,674 | $27,008 | $37,185 | $51,899 |
Source: Ownwell
Property Tax Bills Across Irvine, Pennsylvania
In Irvine, located in Warren County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. The assessed value is often a percentage of the market value of the property. Homeowners in Irvine can expect their property tax bill to vary depending on several factors, including the home's assessed value and the specific tax rate set by local taxing authorities. For example, the median home price in Irvine is $27,008. Property tax bills in the area range significantly, with the 25th percentile tax bill at $575 and the 75th percentile tax bill at $1,412. At the higher end, the 90th percentile tax bill reaches $1,970. These figures indicate that while some homeowners may have relatively low property tax bills, others could face higher amounts depending on their property's assessed value. Comparatively, the national median property tax rate is 0.99%, highlighting how local tax rates and property values can significantly influence the financial obligations of homeowners in Irvine.
Average Irvine Tax Bill
$933
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Irvine, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16329 | $345 | $575 | $933 | $1,412 | $1,970 |
Source: Ownwell