Spring Creek, Warren County, Pennsylvania Property Taxes
The median property tax rate in Spring Creek, PA is 4.24%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $25,883 in Spring Creek, the typical annual property tax bill reaches $1,000, surpassing the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions such as the primary residence and agricultural exemptions. Understanding Spring Creek'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 Spring Creek 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
Spring Creek, Warren County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.24%
Estimate Property Tax Bill
$1,097
$1,018
Ownwell’s SPRING CREEK Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in SPRING CREEK with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in SPRING CREEK 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 Spring Creek, Warren County, Pennsylvania
Property taxes in Spring Creek, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Spring Creek is 4.24%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Spring Creek set these rates annually, and they can vary significantly across different neighborhoods. Each year, Spring Creek 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 Spring Creek's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16436 has the highest median property tax rate of 4.24%, while the same zip code also has the lowest median tax rate of 4.24%. Understanding how these cities compare with Spring Creek 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 Spring Creek Tax Rate
4.24%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Spring Creek, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16436 | 2.72% | 3.45% | 4.24% | 4.41% | 4.41% |
Source: Ownwell
Property Tax Assessment Values Across Spring Creek, Warren County, Pennsylvania
In Spring Creek, 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 Spring Creek, 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. For instance, in Spring Creek, the tax bill at the 25th percentile is $528, while the 75th percentile tax bill is $1,573. The highest and lowest median tax bills are both $1,000 in the 16436 zip code. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Spring Creek, Warren County, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Spring Creek Assessed Value
$25,883
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 Spring Creek, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16436 | $9,244 | $13,919 | $25,883 | $42,160 | $56,461 |
Source: Ownwell
Property Tax Bills Across Spring Creek, Warren County, Pennsylvania
In Spring Creek, 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 tax rate to determine the annual tax bill. For homeowners in Spring Creek, the median home price is $25,883. The tax bill can vary significantly depending on the assessed value and the specific tax rate applied. For example, homeowners at the 25th percentile of tax bills pay approximately $528 annually, while those at the 75th percentile pay around $1,573. At the 90th percentile, the tax bill can reach up to $2,022. These variations illustrate how different factors, such as property size, location, and improvements, can impact the assessed value and, consequently, the tax bill. Compared to the national median property tax rate of 0.99%, Spring Creek's property taxes can be considered relatively moderate. Understanding these factors can help homeowners anticipate their tax obligations and plan accordingly.
Average Spring Creek Tax Bill
$1,000
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Spring Creek, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16436 | $368 | $528 | $1,000 | $1,573 | $2,022 |
Source: Ownwell