Newton Hamilton, Pennsylvania Property Taxes
The median property tax rate in Newton Hamilton, PA is 2.38%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Newton Hamilton at $40,900, the typical annual property tax bill reaches $983, which is lower than the national median of $2,690. Property taxes in Newton Hamilton 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 Newton Hamilton'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 Newton Hamilton or another part of Mifflin County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newton Hamilton, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.38%
Estimate Property Tax Bill
$973
Ownwell’s Newton Hamilton Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newton Hamilton with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newton Hamilton 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 Newton Hamilton, Pennsylvania
Property taxes in Newton Hamilton, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newton Hamilton is 2.38%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newton Hamilton set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newton Hamilton 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 Newton Hamilton's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17075 has both the highest and lowest median property tax rate of 2.38%. Understanding how these areas compare with Newton Hamilton provides valuable insights into the varying tax landscape across Mifflin County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newton Hamilton Tax Rate
2.38%
Average Mifflin County Tax Rate
2.92%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newton Hamilton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17075 | 2.38% | 2.38% | 2.38% | 2.38% | 2.92% |
Source: Ownwell
Property Tax Assessment Values Across Newton Hamilton, Pennsylvania
In Newton Hamilton, 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 Mifflin 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 Newton Hamilton, 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 Newton Hamilton helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $983, found within the 17075 zip code.
Property Tax Assessment Values Across Newton Hamilton, Pennsylvania
Source: Ownwell
$40,900
$86,800
$132,700
Average Newton Hamilton Assessed Value
$40,900
Average Mifflin County Assessed Value
$67,100
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newton Hamilton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17075 | $23,780 | $34,100 | $40,900 | $50,700 | $70,660 |
Source: Ownwell
Property Tax Bills Across Newton Hamilton, Pennsylvania
In Newton Hamilton, located in Mifflin County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax authorities. The assessed value is a percentage of the property's market value. Homeowners in Newton Hamilton face property tax bills that vary significantly depending on their property's assessed value. For instance, the 25th percentile tax bill is around $810, while the 75th percentile tax bill reaches up to $1,204. For those in the 90th percentile, the tax bill can soar to $2,064. Compared to the national median property tax rate of 0.99%, the tax rates in Newton Hamilton can be considered moderate. This variance in tax bills directly impacts homeowners, influencing their annual financial planning and potentially affecting property values. Homeowners with higher tax bills may find it more challenging to manage their expenses, while those with lower tax bills might see a more favorable financial outlook. Understanding these factors is crucial for homeowners to effectively budget and plan for their property tax obligations.
Average Newton Hamilton Tax Bill
$983
Average Mifflin County Tax Bill
$1,976
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newton Hamilton, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17075 | $565 | $810 | $983 | $1,204 | $2,064 |
Source: Ownwell