Newell, Pennsylvania Property Taxes
The median property tax rate in Newell, PA is 0.98%, slightly below the national median of 0.99% and significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $43,930 in Newell, the typical annual property tax bill amounts to $427, which is well below the national median of $2,690. Property taxes in Newell 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 Newell's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Newell 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
Newell, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.98%
Estimate Property Tax Bill
$431
Ownwell’s Newell Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Newell with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in Newell to provide an estimate of your property tax bill. This tool offers a clear understanding of potential tax liabilities, making financial planning easier. For those interested in more detailed trends at the neighborhood level, additional localized information is available further down the page. Your property’s assessed value, determined by the county, is used for property tax calculations and includes any applicable exemptions.
Property Tax Rates Across Newell, Pennsylvania
Property taxes in Newell, Pennsylvania, are essential for funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in Newell is 0.98%, which is slightly below the U.S. national median of 0.99%. Local government entities within Newell set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newell 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 Newell's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 15466 has both the highest and lowest median property tax rate of 0.98%, identical to Newell's rate. Understanding how these areas compare with Newell provides valuable insights into the varying tax landscape across Fayette County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newell Tax Rate
0.98%
Average Fayette County Tax Rate
0.87%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15466 | 0.98% | 0.98% | 0.98% | 0.98% | 0.98% |
Source: Ownwell
Property Tax Assessment Values Across Newell, Pennsylvania
In Newell, 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 local appraisal district 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 Newell, 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 Newell helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Newell are both $427.00, associated with zip code 15466.
Average Newell Assessed Value
$43,930
Average Fayette County Assessed Value
$51,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15466 | $10,180 | $33,240 | $43,930 | $54,680 | $64,454 |
Source: Ownwell
Property Tax Bills Across Newell, Pennsylvania
In Newell, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value typically reflects a percentage of the property's market value. Once the assessed value is established, the local tax rate is applied to calculate the annual property tax bill. For homeowners in Newell, the tax bill varies significantly, with the 25th percentile at $321 and the 75th percentile at $532. The 90th percentile tax bill reaches $612, indicating that higher-value properties incur higher taxes. Several factors influence the assessed value, including the property's size, location, and condition. Homeowners in Newell should be aware that their tax bill can fluctuate based on changes in these factors or adjustments in the local tax rate. Compared to the national median property tax rate of 0.99%, Newell's property taxes can be a significant expense for homeowners, affecting their overall financial planning and homeownership costs.
Average Newell Tax Bill
$427
Average Fayette County Tax Bill
$548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newell, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15466 | $99 | $321 | $427 | $532 | $612 |
Source: Ownwell