Warren, Pennsylvania Property Taxes
The median property tax rate in Warren, PA is 4.03%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $39,784 in Warren, the typical annual property tax bill reaches $1,604, which is below the national median of $2,690. Property taxes in Warren 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 Warren'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 Warren or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Warren, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.03%
Estimate Property Tax Bill
$1,603
Ownwell’s Warren Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warren with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warren 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 Warren, Pennsylvania
Property taxes in Warren, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Warren is 4.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Warren set these rates annually, and they can vary significantly across different neighborhoods. Each year, Warren 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 Warren's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16365 has the highest median property tax rate of 4.03%, while the same zip code 16365 also has the lowest median tax rate of 4.03%. Understanding how these cities compare with Warren provides valuable insights into the varying tax landscape across the county, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Warren Tax Rate
4.03%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warren, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16365 | 3.29% | 3.64% | 4.03% | 4.35% | 4.92% |
Source: Ownwell
Property Tax Assessment Values Across Warren, Pennsylvania
In Warren, 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 local appraisal districts 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 Warren, 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 Warren helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Warren are both $1604, found in the zip code 16365.
Average Warren Assessed Value
$39,784
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 Warren, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16365 | $18,306 | $28,823 | $39,784 | $55,737 | $78,749 |
Source: Ownwell
Property Tax Bills Across Warren, Pennsylvania
In Warren, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For instance, with a median home price of $39,784, homeowners can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Factors such as property location, improvements, and market conditions are considered when determining the assessed value. The tax bill can significantly affect homeowners, with those at the 25th percentile paying around $1,121 annually, while those at the 75th percentile see bills closer to $2,239. At the 90th percentile, tax bills can reach up to $3,214, reflecting the impact of higher property values. Comparatively, the highest and lowest median tax bills in Warren both stand at $1,604, which contrasts with the national median property tax rate of 0.99%. This means homeowners in Warren may experience a varied financial impact based on their specific property assessments.
Average Warren Tax Bill
$1,604
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Warren, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16365 | $655 | $1,121 | $1,604 | $2,239 | $3,214 |
Source: Ownwell