New Galilee, Pennsylvania Property Taxes
The median property tax rate in New Galilee, PA is 2.47%, 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 Galilee, the typical annual property tax bill reaches $1,533, exceeding the national median of $2,690. Property taxes in New Galilee 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 Galilee'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 Galilee 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 Galilee, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.47%
Estimate Property Tax Bill
$1,440
Ownwell’s New Galilee Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Galilee with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Galilee 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 Galilee, Pennsylvania
Property taxes in New Galilee, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Galilee is 2.47%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Galilee set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Galilee 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 Galilee's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 16141 has both the highest and lowest median property tax rate of 2.47%. Understanding how these cities compare with New Galilee provides valuable insights into the varying tax landscape across Lawrence County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Galilee Tax Rate
2.47%
Average Lawrence County Tax Rate
2.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Galilee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16141 | 2.42% | 2.47% | 2.47% | 2.47% | 2.48% |
Source: Ownwell
Property Tax Assessment Values Across New Galilee, Pennsylvania
In New Galilee, 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 Lawrence 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 Galilee, 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 Galilee helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $1,533, found in zip code 16141, while the lowest is also $1,533 in the same zip code.
Property Tax Assessment Values Across New Galilee, Pennsylvania
Source: Ownwell
$43,200
$80,550
$117,900
Average New Galilee Assessed Value
$58,300
Average Lawrence County Assessed Value
$65,300
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Galilee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16141 | $3,400 | $12,250 | $58,300 | $104,400 | $166,340 |
Source: Ownwell
Property Tax Bills Across New Galilee, Pennsylvania
In New Galilee, Lawrence County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. The assessed value is then multiplied by the local tax rate to determine the annual property tax bill. Homeowners in New Galilee experience a range of tax bills, with the 25th percentile paying approximately $347 annually, while those in the 75th percentile pay around $2,613. At the higher end, the 90th percentile sees tax bills reaching up to $4,121. Several factors influence the assessed value, including the property's size, location, and market conditions. For instance, the median home price in New Galilee is $58,300, significantly affecting the tax calculations. Compared to the national median property tax rate of 0.99%, homeowners in this region may find their tax bills relatively manageable. However, fluctuations in assessed values and local tax rates can impact the financial burden on homeowners, making it essential to stay informed about property tax trends and assessments.
Average New Galilee Tax Bill
$1,533
Average Lawrence County Tax Bill
$2,023
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Galilee, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 16141 | $94 | $347 | $1,533 | $2,613 | $4,121 |
Source: Ownwell