Tiona, Warren County, Pennsylvania Property Taxes
The median property tax rate in Tiona, PA is 3.48%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With the median home value in Tiona, the typical annual property tax bill reaches $933, which is below the national median of $2,690. Property taxes in Tiona are calculated based on the assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Tiona'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 Tiona 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
Tiona, Warren County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.48%
Estimate Property Tax Bill
$928
$861
Ownwell’s TIONA Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in TIONA with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in TIONA 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 Tiona, Warren County, Pennsylvania
Property taxes in Tiona, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Tiona is 3.48%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Tiona set these rates annually, and they can vary significantly across different neighborhoods. Each year, Tiona 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 Tiona's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16352 has both the highest and lowest median property tax rate of 3.48%. Understanding how these areas compare with Tiona 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 Tiona Tax Rate
3.48%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Tiona, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16352 | 2.54% | 3.04% | 3.48% | 4.06% | 4.15% |
Source: Ownwell
Property Tax Assessment Values Across Tiona, Warren County, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in TIONA. 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 TIONA, 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 example, the median home price in TIONA is $26,655, with tax bills ranging from $526 at the 25th percentile to $1,725 at the 90th percentile. The zip code 16352 has both the highest and lowest median tax bill of $933. 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 Tiona, Warren County, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Tiona Assessed Value
$26,655
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 Tiona, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16352 | $9,152 | $15,320 | $26,655 | $39,236 | $48,316 |
Source: Ownwell
Property Tax Bills Across Tiona, Warren County, Pennsylvania
In Tiona, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county and reflects a percentage of the property's market value. For homeowners in Tiona, this means their tax obligations can vary widely depending on their property's assessed value and the local tax rate. Several factors influence the assessed value, including the property's size, location, and condition. In Tiona, the median home price is $26,655, and property tax bills can range significantly. For instance, homeowners at the 25th percentile pay around $526 annually, while those at the 90th percentile face bills as high as $1,725. The median property tax rate in Tiona is notably lower than the national median of 0.99%. These property taxes fund essential local services such as schools, public safety, and infrastructure, directly impacting the quality of life for Tiona residents.
Average Tiona Tax Bill
$933
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Tiona, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16352 | $270 | $526 | $933 | $1,387 | $1,725 |
Source: Ownwell