New Buffalo, Pennsylvania Property Taxes
The median property tax rate in New Buffalo, PA is 1.80%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With a median home value in New Buffalo of $107,200, the typical annual property tax bill reaches $1,930, which is below the national median of $2,690. Property taxes in New Buffalo 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 Buffalo'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 Buffalo 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 Buffalo, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.8%
Estimate Property Tax Bill
$1,930
Ownwell’s New Buffalo Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Buffalo with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Buffalo 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 Buffalo, Pennsylvania
Property taxes in New Buffalo, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Buffalo is 1.80%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Buffalo set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Buffalo 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 Buffalo's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17069 zip code has the highest median property tax rate of 1.80%, while the same zip code also has the lowest median tax rate of 1.80%. Understanding how these cities compare with New Buffalo provides valuable insights into the varying tax landscape across Perry County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Buffalo Tax Rate
1.80%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Buffalo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17069 | 1.80% | 1.80% | 1.80% | 1.80% | 1.80% |
Source: Ownwell
Property Tax Assessment Values Across New Buffalo, Pennsylvania
In New Buffalo, 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 local appraisal district 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 Buffalo, 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 Buffalo helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills are both $1930, located in the zip code 17069.
Property Tax Assessment Values Across New Buffalo, Pennsylvania
Source: Ownwell
$42,600
$106,125
$169,650
Average New Buffalo Assessed Value
$107,200
Average Perry County Assessed Value
$142,500
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Buffalo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17069 | $75,170 | $89,750 | $107,200 | $130,050 | $144,480 |
Source: Ownwell
Property Tax Bills Across New Buffalo, Pennsylvania
In New Buffalo, located in Perry County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and represents a percentage of the property's market value. Homeowners in New Buffalo can expect a range of property tax bills, with the 25th percentile tax bill at $1,616 and the 75th percentile reaching $2,341. For those in the 90th percentile, the tax bill can go up to $2,601. These tax bills are influenced by various factors, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. The median home price in New Buffalo is $107,200, and with the national median property tax rate at 0.99%, homeowners in this region might notice a significant difference in their tax obligations compared to other areas. Understanding these factors is crucial for homeowners as they directly impact their annual financial planning and overall affordability of homeownership.
Average New Buffalo Tax Bill
$1,930
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Buffalo, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17069 | $1,353 | $1,616 | $1,930 | $2,341 | $2,601 |
Source: Ownwell