Newport, Pennsylvania Property Taxes
The median property tax rate in Newport, PA is 1.60%, considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Newport at $121,700, the typical annual property tax bill reaches $1,898, which is below the national median of $2,690. Property taxes in Newport are calculated based on the tax assessed value, often lower than the market value due to exemptions such as primary residence and agricultural exemptions. Understanding Newport'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 Newport 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
Newport, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$1,947
Ownwell’s Newport Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newport with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newport 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 Newport, Pennsylvania
Property taxes in Newport, Pennsylvania, are essential in funding local services such as public schools, road maintenance, and emergency services. The median tax rate in Newport is 1.60%, significantly higher than the U.S. national median of 0.99%. Local government entities within Newport set these rates annually, and they can vary across different neighborhoods. Each year, Newport 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 Newport's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 17074 has the same median property tax rate of 1.60%. Understanding how these cities compare with Newport 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 Newport Tax Rate
1.60%
Average Perry County Tax Rate
1.60%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17074 | 1.60% | 1.60% | 1.60% | 1.60% | 1.60% |
Source: Ownwell
Property Tax Assessment Values Across Newport, Pennsylvania
In Newport, 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 Perry 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. Assessment notices in Newport 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 Newport helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Newport is $121,700, with the median tax bill at $1,898.
Average Newport Assessed Value
$121,700
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 Newport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17074 | $42,790 | $73,650 | $121,700 | $185,425 | $275,980 |
Source: Ownwell
Property Tax Bills Across Newport, Pennsylvania
In Newport, located in Perry County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the property's market value determined by the county assessor. Homeowners in Newport face property tax bills that vary significantly depending on their property's assessed value. For instance, the tax bill at the 25th percentile is $1,162, while at the 75th percentile, it rises to $2,892. At the 90th percentile, homeowners might see tax bills as high as $4,381. The median home price in Newport is $121,700, and the local property tax rate influences the final bill. While the national median property tax rate is 0.99%, Newport's rates can result in higher or lower tax bills depending on various factors such as property location and improvements. Homeowners in Newport's zip code 17074 experience a median tax bill of $1,898, which is reflective of the area's property values and tax rates. These taxes fund essential local services, impacting homeowners' overall cost of living.
Average Newport Tax Bill
$1,898
Average Perry County Tax Bill
$2,100
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newport, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17074 | $670 | $1,162 | $1,898 | $2,892 | $4,381 |
Source: Ownwell