Sheffield, Warren County, Pennsylvania Property Taxes
The median property tax rate in Sheffield, PA is 4.16%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sheffield at $22,649, the typical annual property tax bill reaches $881, which still falls below the national median of $2,690. Property taxes in Sheffield are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Sheffield'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 Sheffield 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
Sheffield, Warren County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.16%
Estimate Property Tax Bill
$942
$874
Ownwell’s Sheffield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sheffield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sheffield 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 Sheffield, Warren County, Pennsylvania
Property taxes in Sheffield, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sheffield stands at 4.16%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sheffield set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sheffield 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 Sheffield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the ZIP code 16347 has the highest median property tax rate of 4.16%, while the lowest median tax rate is also 4.16%. Understanding how these cities compare with Sheffield 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 Sheffield Tax Rate
4.16%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sheffield, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16347 | 2.95% | 3.39% | 4.16% | 4.75% | 4.89% |
Source: Ownwell
Property Tax Assessment Values Across Sheffield, Warren County, Pennsylvania
In Sheffield, 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 Sheffield, 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. The median home price in Sheffield is $22,649, and the median tax bill is $881, with the same value being the highest and lowest median tax bill in the 16347 zip code. 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 Sheffield helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Sheffield, Warren County, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Sheffield Assessed Value
$22,649
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 Sheffield, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16347 | $7,223 | $14,896 | $22,649 | $31,142 | $43,509 |
Source: Ownwell
Property Tax Bills Across Sheffield, Warren County, Pennsylvania
In Sheffield, 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's property assessor, who evaluates the property's market value. This value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $22,649, homeowners can expect varying tax bills depending on their specific property’s assessed value and the applicable tax rate. Several factors influence the tax bill, including property size, location, and any improvements made to the property. In Sheffield, the tax bills range significantly, with the 25th percentile at $533 and the 75th percentile at $1,255. The 90th percentile of tax bills can go up to $1,759, reflecting higher-valued properties or those with significant improvements. Compared to the national median property tax rate of 0.99%, Sheffield's property taxes are relatively manageable, providing a balanced financial impact on homeowners.
Average Sheffield Tax Bill
$881
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sheffield, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16347 | $306 | $533 | $881 | $1,255 | $1,759 |
Source: Ownwell