New Eagle, Pennsylvania Property Taxes
The median property tax rate in New Eagle, PA is 2.02%, 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 Eagle at $74,400, the typical annual property tax bill reaches $1,497, exceeding the national median of $2,690. Property taxes in New Eagle 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 Eagle'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 Eagle 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 Eagle, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.02%
Estimate Property Tax Bill
$1,503
Ownwell’s New Eagle Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Eagle with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Eagle 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 Eagle, Pennsylvania
Property taxes in New Eagle, Pennsylvania, are essential in funding vital local services such as public schools, road maintenance, and emergency services. The median tax rate in New Eagle is 2.02%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Eagle set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Eagle 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 Eagle's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 15067 has the highest median property tax rate of 2.02%, which is the same as the lowest median tax rate in the same zip code. Understanding how these areas compare with New Eagle provides valuable insights into the varying tax landscape across Washington County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Eagle Tax Rate
2.02%
Average Washington County Tax Rate
1.79%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Eagle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15067 | 2.02% | 2.02% | 2.02% | 2.02% | 2.02% |
Source: Ownwell
Property Tax Assessment Values Across New Eagle, Pennsylvania
In New Eagle, 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 Washington 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 Eagle, 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 Eagle helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest and lowest median tax bill is 15067, both at $1,497, showcasing a consistent tax burden across the area.
Average New Eagle Assessed Value
$74,400
Average Washington County Assessed Value
$129,900
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Eagle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15067 | $8,920 | $42,950 | $74,400 | $101,650 | $133,520 |
Source: Ownwell
Property Tax Bills Across New Eagle, Pennsylvania
In New Eagle, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the annual tax bill. For instance, with a median home price of $74,400, property taxes can vary significantly. Homeowners in the 25th percentile pay around $860 annually, while those in the 75th percentile face bills of approximately $2,043, and those in the 90th percentile can see taxes as high as $2,688. Comparatively, New Eagle's median property tax rate is higher than the national median of 0.99%, impacting homeowners by increasing their overall expenses. This can influence decisions on home purchases and long-term financial planning. Understanding these factors helps homeowners anticipate their yearly financial obligations and plan accordingly.
Average New Eagle Tax Bill
$1,497
Average Washington County Tax Bill
$2,319
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Eagle, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15067 | $180 | $860 | $1,497 | $2,043 | $2,688 |
Source: Ownwell