New Kensington, Pennsylvania Property Taxes
The median property tax rate in New Kensington, PA is 2.80%, which is considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in New Kensington at $129,100, the typical annual property tax bill reaches $3,582, exceeding the national median of $2,690. Property taxes in New Kensington are calculated based on the tax assessed value, often lower than the market value due to various exemptions like primary residence and agricultural exemptions. Understanding New Kensington'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 New Kensington 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
New Kensington, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.8%
Estimate Property Tax Bill
$3,615
Ownwell’s New Kensington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Kensington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Kensington 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 New Kensington, Pennsylvania
Property taxes in New Kensington, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Kensington is 2.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Kensington set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Kensington 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 New Kensington's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15068 zip code has the highest median property tax rate of 2.80%, while the same zip code, 15068, also has the lowest median tax rate of 2.80%. Understanding how these cities compare with New Kensington provides valuable insights into the varying tax landscape across Allegheny County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Kensington Tax Rate
2.80%
Average Allegheny County Tax Rate
2.59%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Kensington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15068 | 2.31% | 2.62% | 2.80% | 2.97% | 3.15% |
Source: Ownwell
Property Tax Assessment Values Across New Kensington, Pennsylvania
In New Kensington, 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 Allegheny 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 New Kensington, 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 New Kensington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. For instance, the highest median tax bill in the area is $3,582 in zip code 15068.
Property Tax Assessment Values Across New Kensington, Pennsylvania
Source: Ownwell
$16,750
$307,350
$597,950
Average New Kensington Assessed Value
$129,100
Average Allegheny County Assessed Value
$108,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Kensington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15068 | $56,480 | $81,600 | $129,100 | $185,000 | $235,840 |
Source: Ownwell
Property Tax Bills Across New Kensington, Pennsylvania
In New Kensington, located in Allegheny County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is typically a percentage of the market value of the property. The local tax rate, also known as the millage rate, is then applied to this assessed value to determine the annual property tax bill. Several factors influence the assessed value, including the property's location, size, and condition, as well as recent sales of comparable properties in the area. For homeowners in New Kensington, the median home price stands at $129,100. Tax bills in this area vary significantly, with the 25th percentile tax bill at $2,185 and the 75th percentile reaching $5,358. The 90th percentile tax bill goes up to $7,007. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life. Understanding how these factors interplay helps homeowners anticipate their tax obligations and budget accordingly.
Average New Kensington Tax Bill
$3,582
Average Allegheny County Tax Bill
$2,758
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Kensington, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15068 | $1,359 | $2,185 | $3,582 | $5,358 | $7,007 |
Source: Ownwell