New Germantown, Pennsylvania Property Taxes
The median property tax rate in New Germantown, PA is 1.20%, slightly higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With the median home value in New Germantown at $42,600, the typical annual property tax bill is $511, which is well below the national median of $2,690. Property taxes in New Germantown are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding New Germantown'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 Germantown or another part of Perry County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Germantown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.2%
Estimate Property Tax Bill
$511
Ownwell’s New Germantown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Germantown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Germantown 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 Germantown, Pennsylvania
Property taxes in New Germantown, PA, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Germantown is 1.20%, higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Germantown set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Germantown 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 Germantown's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17071 zip code has the highest median property tax rate of 1.20%, while the same zip code also has the lowest median tax rate of 1.20%. Understanding how these cities compare with New Germantown 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 Germantown 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 Germantown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17071 | 1.20% | 1.20% | 1.20% | 1.20% | 1.20% |
Source: Ownwell
Property Tax Assessment Values Across New Germantown, Pennsylvania
In New Germantown, 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 Germantown, 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 Germantown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 17071 has the highest and lowest median tax bill, both at $511.
Property Tax Assessment Values Across New Germantown, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average New Germantown Assessed Value
$42,600
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 Germantown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17071 | $15,700 | $17,650 | $42,600 | $96,800 | $123,700 |
Source: Ownwell
Property Tax Bills Across New Germantown, Pennsylvania
In New Germantown, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the Perry County assessor's office. The median home price in the area is $42,600. Property tax rates in New Germantown are influenced by the local tax rate, which is applied to the assessed value of the property. For instance, homeowners in the 25th percentile can expect a tax bill around $212, while those in the 75th percentile may see bills up to $1,162. The highest median tax bill in the area is $511, which is significantly lower than the national median property tax rate of 0.99%. Several factors affect the tax bill, including property location, improvements, and market conditions. These taxes fund essential public services such as schools, road maintenance, and emergency services. For homeowners, understanding these factors is crucial as it directly impacts their annual financial obligations and the overall affordability of homeownership in New Germantown.
Average New Germantown Tax Bill
$511
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 Germantown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17071 | $188 | $212 | $511 | $1,162 | $1,484 |
Source: Ownwell