New Providence, Pennsylvania Property Taxes
The median property tax rate in New Providence, PA, is 1.46%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value of $160,500 in New Providence, the typical annual property tax bill reaches $2,365, slightly below the national median of $2,690. Property taxes in New Providence are calculated based on the tax assessed value, which often falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding New Providence'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 Providence or another part of the county, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Providence, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.46%
Estimate Property Tax Bill
$2,343
-$24,558
Ownwell’s New Providence Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Providence with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Providence 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 Providence, Pennsylvania
Property taxes in New Providence, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Providence is 1.46%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Providence set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Providence 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 Providence's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17560 zip code has the highest median property tax rate of 1.46%, while the same zip code also has the lowest median tax rate of 1.46%. Understanding how these cities compare with New Providence 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 Providence Tax Rate
1.46%
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 Providence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17560 | 1.46% | 1.46% | 1.46% | 1.46% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across New Providence, Pennsylvania
In New Providence, 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 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 Providence, 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 example, the highest median tax bill in the area is $2,365 in zip code 17560, while the lowest median tax bill is also $2,365 in the same zip code. Being aware of these valuation processes in New Providence helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across New Providence, Pennsylvania
Source: Ownwell
$50,000
$197,950
$345,900
Average New Providence Assessed Value
$160,500
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 Providence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17560 | $13,800 | $41,675 | $160,500 | $224,475 | $306,270 |
Source: Ownwell
Property Tax Bills Across New Providence, Pennsylvania
In New Providence, PA, property tax bills are determined based on the assessed value of a home, which is then multiplied by the local tax rate set by Lancaster County. The median home price in New Providence is $160,500. Homeowners in this area can expect their property tax bills to vary significantly depending on their home's assessed value and the specific tax rate applied. For instance, the 25th percentile tax bill is around $612, while the 75th percentile tax bill can go up to $3,375. At the higher end, the 90th percentile tax bill reaches $4,553. These variations highlight how different factors such as property size, location, and improvements can influence the assessed value, thereby affecting the overall tax bill. Compared to the national median property tax rate of 0.99%, New Providence’s property tax bills can be particularly high, especially in areas with the highest median tax bill of $2,365. This financial obligation impacts homeowners by influencing their monthly budgets and the overall cost of homeownership.
Average New Providence Tax Bill
$2,365
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 Providence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17560 | $204 | $612 | $2,365 | $3,375 | $4,553 |
Source: Ownwell