Titusville, Warren County, Pennsylvania Property Taxes
The median property tax rate in Titusville, PA is 4.04%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $29,726 in Titusville, the typical annual property tax bill amounts to $1,183, surpassing the national median of $2,690. Property taxes in Titusville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Titusville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Titusville or another part of the city, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Titusville, Warren County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
4.04%
Estimate Property Tax Bill
$1,201
$1,114
Ownwell’s Titusville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Titusville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Titusville 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 Titusville, Warren County, Pennsylvania
Property taxes in Titusville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Titusville is 4.04%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Titusville set these rates annually, and they can vary across different neighborhoods. Each year, Titusville 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 Titusville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 16354 has the highest median property tax rate of 4.04%, while the same zip code also has the lowest median tax rate of 4.04%. Understanding how these figures compare with Titusville 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 Titusville Tax Rate
4.04%
Average Warren County Tax Rate
3.99%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Titusville, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16354 | 3.13% | 3.60% | 4.04% | 4.35% | 4.35% |
Source: Ownwell
Property Tax Assessment Values Across Titusville, Warren County, Pennsylvania
In Titusville, 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 Titusville, 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 Titusville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the zip code 16354 has the highest median tax bill at $1,183.
Property Tax Assessment Values Across Titusville, Warren County, Pennsylvania
Source: Ownwell
$14,537
$31,530
$48,523
Average Titusville Assessed Value
$29,726
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 Titusville, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16354 | $9,782 | $19,329 | $29,726 | $42,746 | $55,936 |
Source: Ownwell
Property Tax Bills Across Titusville, Warren County, Pennsylvania
In Titusville, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to arrive at the annual property tax bill. Several factors influence the assessed value, including the property's market value, location, and physical condition. For homeowners in Titusville, the median home price is $29,726, with tax bills ranging significantly across different percentiles. The 25th percentile tax bill is $789, while the 75th percentile reaches $1,657, and the 90th percentile can go up to $2,211. These figures indicate a wide range of tax burdens, reflecting the diversity in property values and conditions within the city. Compared to the national median property tax rate of 0.99%, Titusville's property tax landscape offers a varied financial impact on homeowners, depending heavily on individual property assessments and local tax rates.
Average Titusville Tax Bill
$1,183
Average Warren County Tax Bill
$1,260
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Titusville, Warren County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16354 | $338 | $789 | $1,183 | $1,657 | $2,211 |
Source: Ownwell