New Albany, Bradford County, Pennsylvania Property Taxes
The median property tax rate in New Albany, PA is 3.34%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $53,144 in New Albany, the typical annual property tax bill reaches $1,604, surpassing the national median of $2,690. Property taxes in New Albany are calculated based on the tax assessed value, which typically falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. 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 Bradford County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Albany, Bradford County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
3.34%
Estimate Property Tax Bill
$1,775
$1,647
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, Bradford County, Pennsylvania
Property taxes in New Albany, 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 Albany is 3.34%, significantly higher than both the Pennsylvania state median and 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 counties in Pennsylvania and the national median. For comparison, the 18833 zip code has the highest median property tax rate of 3.34%, while the same zip code also has the lowest median tax rate of 3.34%. Understanding how these cities compare with New Albany provides valuable insights into the varying tax landscape across Bradford County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Albany Tax Rate
3.34%
Average Bradford County Tax Rate
3.22%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Albany, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | 1.72% | 2.55% | 3.34% | 3.61% | 3.62% |
Source: Ownwell
Property Tax Assessment Values Across New Albany, Bradford County, 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 Bradford 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 highest median tax bill in New Albany's zip code 18833 is $1,604, which is crucial information for property owners.
Property Tax Assessment Values Across New Albany, Bradford County, Pennsylvania
Source: Ownwell
$35,550
$64,016
$92,481
Average New Albany Assessed Value
$53,144
Average Bradford County Assessed Value
$61,590
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Albany, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | $21,243 | $32,750 | $53,144 | $86,465 | $125,422 |
Source: Ownwell
Property Tax Bills Across New Albany, Bradford County, Pennsylvania
In New Albany, Bradford County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The median home price in New Albany is $53,144, and the property tax rate is applied to this assessed value to determine the tax bill. Factors such as the home's location, size, and condition can influence its assessed value. For homeowners, this means that the property tax bill can vary significantly. For instance, the tax bill for homes in the 25th percentile is around $965, while homes in the 75th percentile see a tax bill of approximately $2,464. At the 90th percentile, the tax bill can reach up to $3,292. These property tax rates can impact homeowners by affecting their overall cost of living and potentially influencing their decisions about homeownership. Compared to the national median property tax rate of 0.99%, New Albany provides a unique perspective on property tax obligations within the region.
Average New Albany Tax Bill
$1,604
Average Bradford County Tax Bill
$1,935
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Albany, Bradford County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18833 | $542 | $965 | $1,604 | $2,464 | $3,292 |
Source: Ownwell