Warminster, Pennsylvania Property Taxes
The median property tax rate in Warminster, PA is 1.92%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Warminster, the typical annual property tax bill reaches $5,237, exceeding the national median of $2,690. Property taxes in Warminster 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 Warminster'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 Warminster 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
Warminster, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.92%
Estimate Property Tax Bill
$5,229
Ownwell’s Warminster Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Warminster with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Warminster 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 Bucks County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Warminster, Pennsylvania
Property taxes in Warminster, Pennsylvania, are essential for funding crucial local services like public schools, road maintenance, and emergency services. The median tax rate in Warminster is 1.92%, significantly higher than the U.S. national median of 0.99%. Local government entities within Warminster set these rates annually, and they can vary across different neighborhoods. Each year, Warminster 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 Warminster's effective property tax rate to other areas in Bucks County and the national median. For comparison, the 18974 zip code has the highest median property tax rate of 1.92%, while the same zip code also has the lowest median tax rate of 1.92%. Understanding how these cities compare with Warminster 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 Warminster Tax Rate
1.92%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Warminster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18974 | 1.71% | 1.92% | 1.92% | 1.92% | 1.92% |
Source: Ownwell
Property Tax Assessment Values Across Warminster, Pennsylvania
In Warminster, 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 Warminster, 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 Warminster helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Warminster, both at $5,237, can be found in the 18974 zip code.
Property Tax Assessment Values Across Warminster, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Warminster Assessed Value
$272,341
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 Warminster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18974 | $179,011 | $229,787 | $272,341 | $331,915 | $447,979 |
Source: Ownwell
Property Tax Bills Across Warminster, Pennsylvania
Property tax bills in Warminster, located in Bucks County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor's office, which evaluates the property's market value. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. For homeowners in Warminster, the median home price stands at $272,341. The property tax rate in Bucks County can result in a significant tax bill, with the 25th percentile tax bill at $4,337 and the 75th percentile reaching $6,301. At the 90th percentile, homeowners might see tax bills as high as $8,373. These figures indicate that property taxes in Warminster can be a substantial expense for homeowners, impacting their overall cost of living. The highest and lowest median tax bills in the area are both recorded at $5,237 in the 18974 zip code, reflecting a consistent tax burden across the region.
Average Warminster Tax Bill
$5,237
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Warminster, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18974 | $3,355 | $4,337 | $5,237 | $6,301 | $8,373 |
Source: Ownwell