Newville, Pennsylvania Property Taxes
The median property tax rate in Newville, PA is 1.82%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Newville at $148,500, the typical annual property tax bill reaches $2,838, slightly exceeding the national median of $2,690. Property taxes in Newville are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Newville'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 Newville or another part of Cumberland County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Newville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$2,703
-$28,324
Ownwell’s Newville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newville 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 Newville, Pennsylvania
Property taxes in Newville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Newville is 1.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newville set these rates annually, resulting in variations across different neighborhoods. Each year, Newville 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 Newville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the highest median property tax rate in Cumberland County is also 1.82%, while the lowest median tax rate is 1.82%. Understanding how these cities compare with Newville 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 Newville Tax Rate
1.82%
Average Cumberland County Tax Rate
1.84%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17241 | 1.82% | 1.82% | 1.82% | 1.88% | 2.31% |
Source: Ownwell
Property Tax Assessment Values Across Newville, Pennsylvania
In Newville, 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. In Newville, 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 Newville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 17241, with a tax bill of $2838.00. The same zip code also has the lowest median tax bill at $2838.00.
Average Newville Assessed Value
$148,500
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 Newville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17241 | $36,780 | $97,850 | $148,500 | $196,300 | $251,000 |
Source: Ownwell
Property Tax Bills Across Newville, Pennsylvania
In Newville, property tax bills are calculated based on the assessed value of the property, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate. For homeowners in Cumberland County, the median home price stands at $148,500. The property tax rate in this region can lead to a wide range of tax bills. For example, the 25th percentile tax bill is $1,862, while the 75th percentile tax bill reaches $3,649. At the higher end, the 90th percentile tax bill can be as much as $4,666. These figures indicate that property tax bills in Newville can significantly impact homeowners, especially when compared to the national median property tax rate of 0.99%. Homeowners in Newville need to be aware of these factors when budgeting for annual expenses. The highest and lowest median tax bills in Cumberland County are both $2,838, showing a uniformity in certain areas within the county. Understanding these variables helps homeowners plan and manage their finances effectively.
Average Newville Tax Bill
$2,838
Average Cumberland County Tax Bill
$3,176
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17241 | $614 | $1,862 | $2,838 | $3,649 | $4,666 |
Source: Ownwell