Newmanstown, Lebanon County, Pennsylvania Property Taxes
The median property tax rate in Newmanstown, PA is 2.15%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Newmanstown at $179,362, the typical annual property tax bill reaches $3,820, exceeding the national median of $2,690. Property taxes in Newmanstown 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 Newmanstown'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 Newmanstown 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
Newmanstown, Lebanon County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.15%
Estimate Property Tax Bill
$3,856
$3,579
Ownwell’s Newmanstown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newmanstown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newmanstown 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 Newmanstown, Lebanon County, Pennsylvania
Property taxes in Newmanstown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Newmanstown is 2.15%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newmanstown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newmanstown 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 Newmanstown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 17073 zip code has the highest median property tax rate of 2.15%, while the same zip code also has the lowest median tax rate of 2.15%. Understanding how these figures compare with Newmanstown provides valuable insights into the varying tax landscape across Lebanon County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Newmanstown Tax Rate
2.15%
Average Lebanon County Tax Rate
2.19%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newmanstown, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17073 | 2.08% | 2.08% | 2.15% | 2.15% | 2.15% |
Source: Ownwell
Property Tax Assessment Values Across Newmanstown, Lebanon County, Pennsylvania
In Newmanstown, 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 Lebanon 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 Newmanstown, 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 Newmanstown helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $179,362, with tax bills ranging from $3,019 at the 25th percentile to $8,367 at the 90th percentile. The zip code 17073 has both the highest and lowest median tax bill at $3,820.
Property Tax Assessment Values Across Newmanstown, Lebanon County, Pennsylvania
Source: Ownwell
$81,364
$241,606
$401,847
Average Newmanstown Assessed Value
$179,362
Average Lebanon County Assessed Value
$159,855
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Newmanstown, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17073 | $108,911 | $143,531 | $179,362 | $256,776 | $404,517 |
Source: Ownwell
Property Tax Bills Across Newmanstown, Lebanon County, Pennsylvania
Property tax bills in Newmanstown, Lebanon County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county assessor and is a percentage of the property's market value. For instance, if the median home price is $179,362, the assessed value will be a fraction of this amount, depending on local regulations. Several factors influence the final tax bill, including property size, location, and any improvements made. Homeowners in Newmanstown can expect a wide range of tax bills. For example, the 25th percentile tax bill is $3,019, while the 75th percentile reaches $5,335, and the 90th percentile can go as high as $8,367. Comparatively, the national median property tax rate is 0.99%, which places Newmanstown's tax bills on the higher side. These property taxes significantly impact homeowners, affecting both monthly budgets and long-term financial planning. Understanding how these taxes are calculated can help homeowners better prepare and potentially seek exemptions or appeals if they believe their property has been over-assessed.
Property Tax Bills Across Newmanstown, Lebanon County, Pennsylvania
Source: Ownwell
$1,605
$5,115
$8,624
Average Newmanstown Tax Bill
$3,820
Average Lebanon County Tax Bill
$3,511
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newmanstown, Lebanon County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17073 | $2,267 | $3,019 | $3,820 | $5,335 | $8,367 |
Source: Ownwell