New Oxford, Pennsylvania Property Taxes
The median property tax rate in New Oxford, PA is 2.03%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in New Oxford at $183,000, the typical annual property tax bill reaches $3,603, exceeding the national median of $2,690. Property taxes in New Oxford 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 Oxford'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 Oxford or another part of Adams County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Oxford, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.03%
Estimate Property Tax Bill
$3,715
Ownwell’s New Oxford Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Oxford with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Oxford 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 Oxford, Pennsylvania
Property taxes in New Oxford, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Oxford is 2.03%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Oxford set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Oxford 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 Oxford's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17350 zip code has the highest median property tax rate of 2.03%, while the same zip code also has the lowest median tax rate of 2.03%. Understanding how these cities compare with New Oxford provides valuable insights into the varying tax landscape across Adams County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Oxford Tax Rate
2.03%
Average Adams County Tax Rate
1.78%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Oxford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17350 | 1.60% | 1.97% | 2.03% | 2.03% | 2.20% |
Source: Ownwell
Property Tax Assessment Values Across New Oxford, Pennsylvania
In New Oxford, 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 Adams 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 Oxford, 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 Oxford helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in New Oxford is $183,000, with the median tax bill being $3,603 in the 17350 zip code.
Property Tax Assessment Values Across New Oxford, Pennsylvania
Source: Ownwell
$57,100
$183,250
$309,400
Average New Oxford Assessed Value
$183,000
Average Adams County Assessed Value
$207,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Oxford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17350 | $119,900 | $146,975 | $183,000 | $259,800 | $361,200 |
Source: Ownwell
Property Tax Bills Across New Oxford, Pennsylvania
Property tax bills in New Oxford, located in Adams County, PA, are calculated based on the assessed value of a property and the local tax rate. The median home price in New Oxford is $183,000, and homeowners can expect a tax bill that typically falls between $2,914 at the 25th percentile and $4,807 at the 75th percentile. For those at the higher end, the 90th percentile tax bill reaches up to $6,059. Several factors influence the tax bill, including property size, location, and improvements made to the property. The local tax rate is applied to the assessed value of the property to determine the final tax bill. This assessed value is often a percentage of the market value, determined by local property assessors. Homeowners in New Oxford face a median property tax bill of $3,603, which is higher than the national median property tax rate of 0.99%. This higher tax bill can impact homeowners' budgets, making it essential to understand how these taxes are calculated and what factors might influence any changes.
Average New Oxford Tax Bill
$3,603
Average Adams County Tax Bill
$3,745
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Oxford, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17350 | $2,228 | $2,914 | $3,603 | $4,807 | $6,059 |
Source: Ownwell