New Holland, Pennsylvania Property Taxes
The median property tax rate in New Holland, PA is 1.82%, significantly higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $195,100 in New Holland, the typical annual property tax bill reaches $3,475, surpassing the national median of $2,690. Property taxes in New Holland are calculated based on the tax assessed value, which generally falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Holland'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 Holland 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 Holland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.82%
Estimate Property Tax Bill
$3,551
-$37,213
Ownwell’s New Holland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Holland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Holland 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 Holland, Pennsylvania
Property taxes in New Holland, 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 Holland is 1.82%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Holland set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Holland 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 Holland's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17557 has the highest median property tax rate of 1.82%, while the same zip code also has the lowest median tax rate of 1.82%. Understanding how these cities compare with New Holland provides valuable insights into the varying tax landscape across Lancaster County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Holland Tax Rate
1.82%
Average Lancaster County Tax Rate
2.13%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17557 | 1.67% | 1.67% | 1.82% | 1.90% | 1.90% |
Source: Ownwell
Property Tax Assessment Values Across New Holland, Pennsylvania
In New Holland, PA, 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 Lancaster 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 Holland, 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 Holland 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 17557, with a value of $3,475.
Property Tax Assessment Values Across New Holland, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average New Holland Assessed Value
$195,100
Average Lancaster County Assessed Value
$177,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17557 | $115,400 | $154,200 | $195,100 | $249,600 | $317,800 |
Source: Ownwell
Property Tax Bills Across New Holland, Pennsylvania
In New Holland, located in Lancaster County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by local government assessors and reflects a percentage of the property's market value. Homeowners in New Holland face a median property tax rate of 1.78%, which is higher compared to the national median of 0.99%. This rate is applied to the assessed value to calculate the annual tax bill. Several factors influence the tax bill, including the property's location, size, and condition. For instance, the median home price in New Holland is $195,100, leading to an average tax bill of around $3,475. Homeowners in the 25th percentile can expect tax bills around $2,834, while those in the 75th percentile may see bills as high as $4,433. At the 90th percentile, tax bills can reach $5,676. These property taxes are crucial for funding local services such as schools, public safety, and infrastructure, directly impacting the quality of life for residents.
Average New Holland Tax Bill
$3,475
Average Lancaster County Tax Bill
$3,883
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17557 | $2,140 | $2,834 | $3,475 | $4,433 | $5,676 |
Source: Ownwell