Newry, Pennsylvania Property Taxes
The median property tax rate in Newry, PA is 1.42%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Newry at $109,450, the typical annual property tax bill reaches $1,552, exceeding the national median of $2,690. Property taxes in Newry 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 Newry'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 Newry 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
Newry, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.42%
Estimate Property Tax Bill
$1,554
Ownwell’s Newry Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newry with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newry 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 Newry, Pennsylvania
Property taxes in Newry, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newry is 1.42%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newry set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newry 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 Newry's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 16665 zip code has the highest median property tax rate of 1.42%, while the same zip code also has the lowest median tax rate of 1.42%. Understanding how these cities compare with Newry provides valuable insights into the varying tax landscape across Blair County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newry Tax Rate
1.42%
Average Blair County Tax Rate
1.57%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16665 | 1.42% | 1.42% | 1.42% | 1.42% | 1.42% |
Source: Ownwell
Property Tax Assessment Values Across Newry, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Newry, Pennsylvania. The market value represents 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 Blair 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 Newry, 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. For example, in Newry, the highest median tax bill is $1,552 in the zip code 16665, while the lowest median tax bill is also $1,552 in the same zip code. 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 helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Newry Assessed Value
$109,450
Average Blair County Assessed Value
$113,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16665 | $63,170 | $88,050 | $109,450 | $139,250 | $169,930 |
Source: Ownwell
Property Tax Bills Across Newry, Pennsylvania
In Newry, Blair County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, the median home price in Newry is $109,450. Tax bills can vary significantly; homeowners in the 25th percentile pay around $1,249 annually, while those in the 75th percentile face bills closer to $1,975. At the 90th percentile, tax bills can reach up to $2,414. These property taxes fund essential public services such as schools, infrastructure, and emergency services, directly impacting the quality of life in the community. Compared to the national median property tax rate of 0.99%, Newry's tax rates reflect the local economic conditions and public service needs. Homeowners need to be aware of these factors, as higher property taxes can influence overall housing affordability and long-term financial planning.
Average Newry Tax Bill
$1,552
Average Blair County Tax Bill
$1,685
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newry, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16665 | $896 | $1,249 | $1,552 | $1,975 | $2,414 |
Source: Ownwell