Newfoundland, Pennsylvania Property Taxes
The median property tax rate in Newfoundland, PA is 2.68%, significantly higher than the national median of 0.99% but slightly lower than Pennsylvania's state median of 2.81%. With a median home value of $116,834 in Newfoundland, the typical annual property tax bill amounts to $3,157, surpassing the national median of $2,690. Property taxes in Newfoundland are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions, such as those for primary residences and agricultural land. Understanding Newfoundland'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 Newfoundland or another part of Pike County, gaining a thorough understanding of the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newfoundland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.68%
Estimate Property Tax Bill
$3,131
Ownwell’s Newfoundland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newfoundland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newfoundland 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 Newfoundland, Pennsylvania
Property taxes in Newfoundland, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newfoundland is 2.68%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newfoundland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newfoundland 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 Newfoundland's effective property tax rate to other regions in Pennsylvania and the national median. For comparison, the zip code 18445 has the highest median property tax rate of 2.68%, which is also the lowest median tax rate within Newfoundland. Understanding how these areas compare with Newfoundland provides valuable insights into the varying tax landscape across Pike County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newfoundland Tax Rate
2.68%
Average Pike County Tax Rate
3.72%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newfoundland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18445 | 2.68% | 2.68% | 2.68% | 2.68% | 2.68% |
Source: Ownwell
Property Tax Assessment Values Across Newfoundland, Pennsylvania
In Newfoundland, 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 Pike 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 Newfoundland, 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 Newfoundland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 18445 has the highest and lowest median tax bill at $3,157.
Property Tax Assessment Values Across Newfoundland, Pennsylvania
Source: Ownwell
$71,900
$130,413
$188,925
Average Newfoundland Assessed Value
$116,834
Average Pike County Assessed Value
$106,483
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newfoundland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18445 | $67,192 | $89,799 | $116,834 | $140,362 | $173,035 |
Source: Ownwell
Property Tax Bills Across Newfoundland, Pennsylvania
Property tax bills in Newfoundland, located in Pike County, PA, are determined by multiplying the assessed value of a property by the local tax rate. The assessed value is typically a percentage of the market value, which is influenced by factors such as property size, location, and condition. In Newfoundland, the median home price is $116,834, which serves as a baseline for determining the tax bill. Homeowners in Newfoundland can expect their property tax bills to vary significantly. The 25th percentile tax bill is $2,453, while the 75th percentile tax bill reaches $3,782. At the 90th percentile, tax bills can be as high as $4,666. The median property tax bill in the area is $3,157, which is considerably higher than the national median property tax rate of 0.99%. These property taxes fund essential local services such as public schools, emergency services, and infrastructure maintenance. Consequently, higher property taxes can affect homeowners by increasing their annual expenses but also contribute to the overall quality of life in the community.
Average Newfoundland Tax Bill
$3,157
Average Pike County Tax Bill
$3,676
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newfoundland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18445 | $1,843 | $2,453 | $3,157 | $3,782 | $4,666 |
Source: Ownwell