New Freeport, Pennsylvania Property Taxes
The median property tax rate in New Freeport, PA is 3.25%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in New Freeport at $37,145, the typical annual property tax bill reaches $1,144, surpassing the national median of $2,690. Property taxes in New Freeport 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 Freeport'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 Freeport 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 Freeport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.25%
Estimate Property Tax Bill
$1,207
Ownwell’s New Freeport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Freeport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Freeport 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 Freeport, Pennsylvania
Property taxes in New Freeport, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Freeport is 3.25%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Freeport set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Freeport 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 Freeport's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15352 zip code has the highest median property tax rate of 3.25%, while the same zip code also has the lowest median tax rate of 3.25%. Understanding how these cities compare with New Freeport provides valuable insights into the varying tax landscape across Greene County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Freeport Tax Rate
3.25%
Average Greene County Tax Rate
3.80%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15352 | 2.67% | 3.20% | 3.25% | 3.25% | 3.36% |
Source: Ownwell
Property Tax Assessment Values Across New Freeport, Pennsylvania
In New Freeport, 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 Greene 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 Freeport, 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 Freeport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price is $37,145, with the 25th percentile tax bill at $639 and the 75th percentile at $2,191. The highest and lowest median tax bill, both $1,144, are found in zip code 15352.
Property Tax Assessment Values Across New Freeport, Pennsylvania
Source: Ownwell
$17,020
$55,833
$94,645
Average New Freeport Assessed Value
$37,145
Average Greene County Assessed Value
$35,632
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15352 | $8,727 | $19,808 | $37,145 | $74,652 | $118,472 |
Source: Ownwell
Property Tax Bills Across New Freeport, Pennsylvania
In New Freeport, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to calculate the annual tax bill. For example, if the median home price is $37,145, homeowners might expect varying tax bills depending on specific assessments and exemptions. Several factors influence the tax bill, including the property's market value, any applicable exemptions, and the specific tax rate set by local authorities. In Greene County, where New Freeport is located, tax bills can range significantly. The 25th percentile tax bill is around $639, while the 75th percentile tax bill can reach $2,191. For those at the higher end, the 90th percentile tax bill can be as much as $3,499. These property taxes fund essential public services such as schools, infrastructure, and emergency services. However, the financial burden on homeowners can vary widely, affecting their overall cost of living and long-term financial planning.
Average New Freeport Tax Bill
$1,144
Average Greene County Tax Bill
$1,387
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Freeport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15352 | $291 | $639 | $1,144 | $2,191 | $3,499 |
Source: Ownwell