New Freedom, Pennsylvania Property Taxes
The median property tax rate in New Freedom, PA is 2.88%, 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 Freedom at $199,430, the typical annual property tax bill reaches $5,621, far exceeding the national median of $2,690. Property taxes in New Freedom are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions, such as primary residence and agricultural exemptions. Understanding New Freedom'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 Freedom 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 Freedom, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.88%
Estimate Property Tax Bill
$5,744
Ownwell’s New Freedom Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Freedom with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Freedom 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 Freedom, Pennsylvania
Property taxes in New Freedom, PA, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Freedom is 2.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Freedom set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Freedom 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 Freedom's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17349 zip code has the highest median property tax rate of 2.88%, while the same zip code also has the lowest median tax rate of 2.88%. Understanding how these areas compare with New Freedom provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Freedom Tax Rate
2.88%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Freedom, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17349 | 2.69% | 2.69% | 2.88% | 2.88% | 2.88% |
Source: Ownwell
Property Tax Assessment Values Across New Freedom, Pennsylvania
In New Freedom, 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 York 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 Freedom, 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. The median home price in New Freedom is $199,430, with tax bills ranging from $4,331 at the 25th percentile to $8,947 at the 90th percentile. The zip code 17349 has the highest median tax bill of $5,621. 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 Freedom helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Freedom, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average New Freedom Assessed Value
$199,430
Average York County Assessed Value
$130,990
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Freedom, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17349 | $119,246 | $152,095 | $199,430 | $256,710 | $315,546 |
Source: Ownwell
Property Tax Bills Across New Freedom, Pennsylvania
In New Freedom, York County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. For example, with a median home price of $199,430, homeowners can expect varying tax bills depending on their property's assessed value and specific tax rate. Several factors influence the tax bill, including property size, location, and improvements. In New Freedom, the tax bill at the 25th percentile is $4,331, while at the 75th percentile, it rises to $7,215. For those in the 90th percentile, the tax bill can reach $8,947. These figures highlight the range of property tax burdens faced by homeowners in the area. Compared to the national median property tax rate of 0.99%, New Freedom's tax rates can significantly impact homeowners' finances. Understanding these factors helps residents anticipate their property tax obligations and plan accordingly.
Average New Freedom Tax Bill
$5,621
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Freedom, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17349 | $3,415 | $4,331 | $5,621 | $7,215 | $8,947 |
Source: Ownwell