New Enterprise, Pennsylvania Property Taxes
The median property tax rate in New Enterprise, PA is 1.28%, notably higher than the national median of 0.99% but significantly lower than Pennsylvania's state median of 2.81%. With a median home value of $131,400 in New Enterprise, the typical annual property tax bill amounts to $1,614, which is below the national median of $2,690. Property taxes here are calculated based on the tax assessed value, which often falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding New Enterprise'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 Enterprise or another part of Bedford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Enterprise, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.28%
Estimate Property Tax Bill
$1,682
Ownwell’s New Enterprise Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Enterprise with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Enterprise 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 Enterprise, Pennsylvania
Property taxes in New Enterprise, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Enterprise is 1.28%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Enterprise set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Enterprise 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 Enterprise's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 16664 zip code has the highest median property tax rate of 1.28%, while the same zip code also has the lowest median tax rate of 1.28%. Understanding how these areas compare with New Enterprise provides valuable insights into the varying tax landscape across Bedford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Enterprise Tax Rate
1.28%
Average Bedford County Tax Rate
1.45%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Enterprise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16664 | 0.93% | 1.28% | 1.28% | 1.28% | 1.30% |
Source: Ownwell
Property Tax Assessment Values Across New Enterprise, Pennsylvania
In New Enterprise, 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 Bedford 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 Enterprise, 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 Enterprise helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in New Enterprise is $1,614, found in zip code 16664.
Property Tax Assessment Values Across New Enterprise, Pennsylvania
Source: Ownwell
$11,700
$106,750
$201,800
Average New Enterprise Assessed Value
$131,400
Average Bedford County Assessed Value
$101,200
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Enterprise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16664 | $52,940 | $86,200 | $131,400 | $187,900 | $352,120 |
Source: Ownwell
Property Tax Bills Across New Enterprise, Pennsylvania
Property tax bills in New Enterprise, located in Bedford County, PA, are calculated based on the assessed value of a property. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Homeowners in New Enterprise can expect their property tax bills to vary significantly, with the 25th percentile bill around $1,095 and the 75th percentile reaching up to $2,306. The highest median tax bill recorded in the area is $1,614, which falls within the zip code 16664. Several factors influence the final tax bill, including the property's location, size, and condition. Additionally, local tax rates set by municipal, county, and school district authorities play a crucial role. Compared to the national median property tax rate of 0.99%, homeowners in New Enterprise might find their tax rates to be relatively moderate. These tax bills directly impact homeowners by contributing to the funding of essential public services such as schools, infrastructure, and emergency services, thereby influencing the overall quality of life in the community.
Average New Enterprise Tax Bill
$1,614
Average Bedford County Tax Bill
$1,429
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Enterprise, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16664 | $642 | $1,095 | $1,614 | $2,306 | $3,425 |
Source: Ownwell