New Cumberland, Pennsylvania Property Taxes
The median property tax rate in New Cumberland, PA is 1.94%, 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 Cumberland at $156,500, the typical annual property tax bill reaches $3,023, exceeding the national median of $2,690. Property taxes in New Cumberland 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 Cumberland'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 Cumberland 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 Cumberland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.94%
Estimate Property Tax Bill
$3,036
Ownwell’s New Cumberland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Cumberland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Cumberland 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 Cumberland, Pennsylvania
Property taxes in New Cumberland, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Cumberland is 1.94%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Cumberland set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Cumberland 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 Cumberland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 17070 has the highest median property tax rate of 1.94%, while the same zip code also has the lowest median tax rate of 1.94%. Understanding how these cities compare with New Cumberland provides valuable insights into the varying tax landscape across Cumberland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Cumberland Tax Rate
1.94%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | 1.94% | 1.94% | 1.94% | 1.94% | 1.94% |
Source: Ownwell
Property Tax Assessment Values Across New Cumberland, Pennsylvania
In New Cumberland, 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 Cumberland 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. 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. For instance, in New Cumberland, the median home price is $156,500. The highest median tax bill in the area is $3,023 in the 17070 zip code, which is also the lowest median tax bill. 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 Cumberland, Pennsylvania
Source: Ownwell
$114,900
$366,200
$617,500
Average New Cumberland Assessed Value
$156,500
Average Cumberland County Assessed Value
$182,700
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | $115,200 | $129,850 | $156,500 | $188,050 | $252,520 |
Source: Ownwell
Property Tax Bills Across New Cumberland, Pennsylvania
In New Cumberland, located in Cumberland County, PA, property tax bills are calculated based on the assessed value of a property. The assessed value is determined by the local tax assessor's office and is a percentage of the property's market value. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Several factors influence the assessed value, including the property's size, location, and condition. For instance, the median home price in New Cumberland is $156,500. Homeowners can expect their tax bills to vary, with the 25th percentile at $2,501 and the 75th percentile at $3,639. At the higher end, the 90th percentile tax bill reaches $4,853. These property taxes fund essential local services like schools, public safety, and infrastructure. Compared to the national median property tax rate of 0.99%, the rates in New Cumberland can significantly impact homeowners' annual expenses, making it crucial for them to understand how their tax bills are determined and managed.
Average New Cumberland Tax Bill
$3,023
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | $2,202 | $2,501 | $3,023 | $3,639 | $4,853 |
Source: Ownwell