Corry, Warren County, Pennsylvania Property Taxes
The median property tax rate in Corry, PA is 3.92%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $42,462, the typical annual property tax bill in Corry reaches $1,564, which is below the national median of $2,690. Property taxes in Corry are calculated based on the assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Corry'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 Corry 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
Corry, Warren County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.92%
Estimate Property Tax Bill
$1,665
$1,545
Ownwell’s Corry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Corry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Corry 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 Corry, Warren County, Pennsylvania
Property taxes in Corry, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Corry is 3.92%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Corry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Corry 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 Corry's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16407 zip code has the highest median property tax rate of 3.92%, while the same zip code also has the lowest median tax rate of 3.92%. Understanding how these cities compare with Corry 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 Corry Tax Rate
3.92%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Corry, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16407 | 2.76% | 3.62% | 3.92% | 4.32% | 4.38% |
Source: Ownwell
Property Tax Assessment Values Across Corry, Warren County, Pennsylvania
In Corry, 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 authorities 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 Corry, 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 Corry helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 16407, at $1,564, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across Corry, Warren County, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Corry Assessed Value
$42,462
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 Corry, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16407 | $17,731 | $29,882 | $42,462 | $59,742 | $75,423 |
Source: Ownwell
Property Tax Bills Across Corry, Warren County, Pennsylvania
In Corry, located in Warren County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor and typically reflects a percentage of the property's market value. For instance, with a median home price of $42,462 in Corry, the assessed value forms the basis for calculating the tax bill. Local tax rates are then applied to this assessed value to determine the annual property tax bill. Factors such as property location, size, and condition can influence the assessed value, thereby affecting the final tax amount. For homeowners in Corry, tax bills can vary significantly, with the 25th percentile at $1,064 and the 75th percentile at $2,256. These property taxes fund essential services like public schools, infrastructure, and emergency services, directly impacting the community's quality of life. While the median tax bill in Corry is comparable to other areas within the same zip code, it remains crucial for homeowners to understand how these taxes are calculated and budget accordingly.
Average Corry Tax Bill
$1,564
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Corry, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16407 | $668 | $1,064 | $1,564 | $2,256 | $2,997 |
Source: Ownwell