New Bloomfield, Pennsylvania Property Taxes
The median property tax rate in New Bloomfield, PA is 1.20%, considerably higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $149,800 in New Bloomfield, the typical annual property tax bill reaches $1,875, which is below the national median of $2,690. Property taxes in New Bloomfield are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Bloomfield'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 Bloomfield 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 Bloomfield, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$1,798
Ownwell’s New Bloomfield Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Bloomfield with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Bloomfield 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 Bloomfield, Pennsylvania
Property taxes in New Bloomfield, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Bloomfield is 1.20%, significantly higher than the U.S. national median of 0.99%. Local government entities within New Bloomfield set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Bloomfield 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 Bloomfield's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17068 zip code has the highest median property tax rate of 1.20%, while the same zip code has the lowest median tax rate of 1.20%. Understanding how these cities compare with New Bloomfield provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Bloomfield Tax Rate
1.20%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17068 | 1.20% | 1.20% | 1.20% | 1.20% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across New Bloomfield, Pennsylvania
In New Bloomfield, 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 Perry 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 Bloomfield, 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 Bloomfield 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 $1,875, found in the 17068 zip code.
Property Tax Assessment Values Across New Bloomfield, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average New Bloomfield Assessed Value
$149,800
Average Perry County Assessed Value
$142,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17068 | $22,700 | $86,950 | $149,800 | $203,300 | $291,580 |
Source: Ownwell
Property Tax Bills Across New Bloomfield, Pennsylvania
In New Bloomfield, Perry County, 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 tax rate to produce the annual tax bill. For instance, with a median home price of $149,800, the tax bills can vary significantly. Homeowners in the 25th percentile can expect to pay around $1,085 annually, while those in the 75th percentile might see bills closer to $2,586. At the 90th percentile, tax bills can reach up to $3,676. These figures indicate a wide range of potential tax liabilities, reflecting differences in property values and specific assessment details. Compared to the national median property tax rate of 0.99%, the rates in New Bloomfield can result in considerable variations in tax obligations. For homeowners, understanding these factors is crucial for financial planning and property investment decisions, as property taxes represent a significant ongoing expense.
Average New Bloomfield Tax Bill
$1,875
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Bloomfield, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17068 | $363 | $1,085 | $1,875 | $2,586 | $3,676 |
Source: Ownwell