New Paris, Pennsylvania Property Taxes
The median property tax rate in New Paris, PA is 1.33%, considerably higher than the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With the median home value in New Paris at $91,150, the typical annual property tax bill reaches $1,169, which is below the national median of $2,690. Property taxes in New Paris are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Paris'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 Paris or another part of Bedford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Paris, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.33%
Estimate Property Tax Bill
$1,212
Ownwell’s NEW PARIS Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in NEW PARIS with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in NEW PARIS 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 Paris, Pennsylvania
Property taxes in New Paris, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Paris is 1.33%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Paris set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Paris 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 Paris's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15554 zip code has the highest median property tax rate of 1.33%, while the same zip code also has the lowest median tax rate of 1.33%. Understanding how these areas compare with New Paris provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Paris Tax Rate
1.33%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Paris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15554 | 1.33% | 1.33% | 1.33% | 1.35% | 1.38% |
Source: Ownwell
Property Tax Assessment Values Across New Paris, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in New Paris, PA. 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 Bedford 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. Assessment notices in New Paris 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 Paris helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 15554 in New Paris has the highest and lowest median tax bill at $1,169, highlighting the range of property tax experiences within the area.
Average New Paris Assessed Value
$91,150
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Paris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15554 | $15,260 | $45,325 | $91,150 | $146,575 | $219,910 |
Source: Ownwell
Property Tax Bills Across New Paris, Pennsylvania
In New Paris, located in Bedford County, PA, property tax bills are calculated based on the assessed value of the home, which is determined by local tax assessors. The median home price in New Paris is $91,150. Homeowners in this region can expect their tax bills to vary significantly depending on the assessed value and specific property characteristics. For example, the 25th percentile of tax bills in New Paris is $601, indicating that a quarter of homeowners pay this amount or less annually. On the higher end, the 75th percentile tax bill is $1,867, with the 90th percentile reaching up to $2,693. These figures show a wide range of possible tax bills, reflecting differences in property values and assessment criteria. Comparatively, the national median property tax rate is 0.99%, which helps put New Paris's tax bills into perspective. Homeowners in New Paris should be aware that their property taxes directly impact their annual expenses and should consider these costs when budgeting for homeownership.
Average New Paris Tax Bill
$1,169
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Paris, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15554 | $203 | $601 | $1,169 | $1,867 | $2,693 |
Source: Ownwell