New Kingstown, Pennsylvania Property Taxes
The median property tax rate in New Kingstown, PA, is 1.46%, 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 Kingstown at $151,400, the typical annual property tax bill reaches $2,204, which is below the national median of $2,690. Property taxes in New Kingstown 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 Kingstown'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 Kingstown or another part of Cumberland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Kingstown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,210
Ownwell’s New Kingstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Kingstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Kingstown 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 Kingstown, Pennsylvania
Property taxes in New Kingstown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Kingstown is 1.46%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Kingstown set these rates annually, and they can vary substantially across different neighborhoods. Each year, New Kingstown 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 Kingstown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17072 has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with New Kingstown provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Kingstown Tax Rate
1.46%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Kingstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17072 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across New Kingstown, Pennsylvania
In New Kingstown, 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 Cumberland 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 Kingstown, 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 Kingstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $151,400, with tax bills ranging from $2,013 at the 25th percentile to $2,570 at the 90th percentile. The highest median tax bill in the region is $2,204 in the 17072 zip code.
Property Tax Assessment Values Across New Kingstown, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average New Kingstown Assessed Value
$151,400
Average Cumberland County Assessed Value
$182,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Kingstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17072 | $116,400 | $138,275 | $151,400 | $166,925 | $176,550 |
Source: Ownwell
Property Tax Bills Across New Kingstown, Pennsylvania
In New Kingstown, Cumberland County, PA, property tax bills are calculated based on the assessed value of your home and the local tax rate. The median home price in this area is $151,400. To determine your tax bill, the local government assesses your property's value and applies the tax rate to this assessed value. Factors such as property size, location, and improvements can influence the assessed value. Homeowners in New Kingstown typically see property tax bills ranging from $2,013 at the 25th percentile to $2,430 at the 75th percentile, with the 90th percentile reaching up to $2,570. This range indicates a relatively consistent tax burden compared to the national median property tax rate of 0.99%. For homeowners, understanding these factors is crucial as they directly affect annual expenses. Higher assessed values lead to higher tax bills, which can impact budgeting and long-term financial planning. Keeping track of local assessments and any potential exemptions can help manage these costs effectively.
Average New Kingstown Tax Bill
$2,204
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Kingstown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17072 | $1,694 | $2,013 | $2,204 | $2,430 | $2,570 |
Source: Ownwell