New Albany, Pennsylvania Property Taxes
The median property tax rate in New Albany, PA is 1.15%, slightly higher than the national median of 0.99% but significantly lower than the Pennsylvania state median of 2.81%. With a median home value of $181,608 in New Albany, the typical annual property tax bill amounts to $2,193, which is below the national median of $2,690. Property taxes in New Albany are calculated based on the tax assessed value, which is often lower than the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Albany'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 Albany or another part of Sullivan County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Albany, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.15%
Estimate Property Tax Bill
$2,088
Ownwell’s New Albany Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Albany with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Albany 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 Albany, Pennsylvania
Property taxes in New Albany, PA, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Albany is 1.15%, which is notably higher than the U.S. national median of 0.99%. Local government entities within New Albany set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Albany 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 Albany's effective property tax rate to other areas in Sullivan County and the national median. For comparison, the zip code 18833 has both the highest and lowest median property tax rate of 1.15%. Understanding how these areas compare with New Albany provides valuable insights into the varying tax landscape across Sullivan County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Albany Tax Rate
1.15%
Average Sullivan County Tax Rate
1.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Albany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | 1.15% | 1.15% | 1.15% | 1.15% | 1.15% |
Source: Ownwell
Property Tax Assessment Values Across New Albany, Pennsylvania
In New Albany, 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 Sullivan 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 Albany, 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 Albany helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 18833 at $2193, which is also the lowest median tax bill in the area.
Property Tax Assessment Values Across New Albany, Pennsylvania
Source: Ownwell
$64,344
$227,052
$389,760
Average New Albany Assessed Value
$181,608
Average Sullivan County Assessed Value
$127,680
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Albany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | $68,040 | $123,312 | $181,608 | $309,792 | $392,280 |
Source: Ownwell
Property Tax Bills Across New Albany, Pennsylvania
In New Albany, Sullivan County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. The median home price in New Albany is $181,608, and homeowners can expect tax bills to vary significantly. For instance, the 25th percentile tax bill is $1,420, while the 75th percentile reaches $3,566, and the 90th percentile can go up to $4,520. These property taxes fund essential community services such as schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the tax rates in Sullivan County can result in higher or lower bills depending on the assessed value and specific local rates. For homeowners, this means that property taxes can be a substantial part of their annual expenses, impacting their overall cost of living and financial planning.
Average New Albany Tax Bill
$2,193
Average Sullivan County Tax Bill
$1,552
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Albany, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | $785 | $1,420 | $2,193 | $3,566 | $4,520 |
Source: Ownwell