New Columbia, Pennsylvania Property Taxes
The median property tax rate in New Columbia, PA is 1.91%, 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 Columbia at $138,300, the typical annual property tax bill reaches $2,133, which exceeds the national median of $2,690. Property taxes in New Columbia 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 Columbia'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 Columbia 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 Columbia, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.91%
Estimate Property Tax Bill
$2,642
Ownwell’s New Columbia Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Columbia with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Columbia 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 Columbia, Pennsylvania
Property taxes in New Columbia, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in New Columbia is 1.91%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Columbia set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Columbia 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 Columbia's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17856 has both the highest and lowest median property tax rate of 1.91%. Understanding how these areas compare with New Columbia provides valuable insights into the varying tax landscape across Union County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Columbia Tax Rate
1.91%
Average Union County Tax Rate
2.00%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Columbia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17856 | 1.03% | 1.53% | 1.91% | 2.28% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across New Columbia, Pennsylvania
In New Columbia, 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 Union County 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 New Columbia, 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. The median home price in New Columbia is $138,300, with tax bills ranging from $470 at the 25th percentile to $5,041 at the 90th percentile. The zip code 17856 has the highest and lowest median tax bill at $2,133. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Columbia, Pennsylvania
Source: Ownwell
$5,000
$112,450
$219,900
Average New Columbia Assessed Value
$138,300
Average Union County Assessed Value
$93,150
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Columbia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17856 | $7,620 | $20,600 | $138,300 | $223,900 | $314,100 |
Source: Ownwell
Property Tax Bills Across New Columbia, Pennsylvania
In New Columbia, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is a percentage of the market value of the property. Homeowners in Union County can expect their tax bills to vary significantly depending on the assessed value and the specific tax rate applied by the local taxing authorities. For example, the median home price in New Columbia is $138,300, with tax bills ranging from the 25th percentile at $470 to the 90th percentile at $5,041. The highest median tax bill in the area is $2,133, found in zip code 17856. These calculations impact homeowners by determining their annual property tax liability, which can significantly affect their overall financial planning and housing affordability. Comparing this to the national median property tax rate of 0.99%, homeowners in New Columbia may experience different financial obligations, depending on their property's assessed value and the local tax rate.
Average New Columbia Tax Bill
$2,133
Average Union County Tax Bill
$1,656
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Columbia, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17856 | $165 | $470 | $2,133 | $3,487 | $5,041 |
Source: Ownwell