New Florence, Pennsylvania Property Taxes
The median property tax rate in New Florence, PA is 11.74%, significantly higher than both the national median of 0.99% and Pennsylvania's state median of 2.81%. With a median home value of $12,460 in New Florence, the typical annual property tax bill amounts to $1,532, surpassing the national median of $2,690. Property taxes in New Florence are calculated based on the tax assessed value, which generally falls below the market value due to exemptions like primary residence and agricultural exemptions. Understanding New Florence's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of New Florence or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
New Florence, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
11.74%
Estimate Property Tax Bill
$1,463
-$15,330
Ownwell’s New Florence Property Tax Bill Calculator is a valuable tool for homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Florence with just two data points. By entering your property's estimated assessed value, the calculator uses the median tax rate in New Florence to provide an accurate estimate of your property tax bill. This user-friendly tool offers a clear understanding of potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is crucial for property tax calculations and may include applicable exemptions.
Property Tax Rates Across New Florence, Pennsylvania
Property taxes in New Florence, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Florence is 11.74%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Florence set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Florence 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 Florence's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 15944 zip code has the highest median property tax rate of 11.74%, while the same zip code also has the lowest median tax rate of 11.74%. Understanding how these cities compare with New Florence provides valuable insights into the varying tax landscape across Westmoreland County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Florence Tax Rate
11.74%
Average Westmoreland County Tax Rate
12.81%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Florence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15944 | 11.25% | 11.74% | 11.74% | 12.79% | 12.79% |
Source: Ownwell
Property Tax Assessment Values Across New Florence, Pennsylvania
In New Florence, 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 Westmoreland 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 Florence, 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 Florence 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 $1,532, found in the 15944 zip code, which is also the lowest median tax bill.
Average New Florence Assessed Value
$12,460
Average Westmoreland County Assessed Value
$16,850
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Florence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15944 | $3,948 | $7,820 | $12,460 | $18,950 | $25,282 |
Source: Ownwell
Property Tax Bills Across New Florence, Pennsylvania
In New Florence, located in Westmoreland County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local property tax rate to determine the annual tax bill. Homeowners in New Florence experience a variety of tax bills, with the 25th percentile at $973 and the 75th percentile reaching $2,258. At the 90th percentile, homeowners can expect to pay around $2,927. These figures indicate a range of tax burdens, influenced by the assessed value of the properties. The median home price in New Florence is $12,460, which is relatively low compared to national standards. Despite this, the property tax rates can still result in significant annual bills for residents. For instance, the highest median tax bill in the area is $1,532, found in zip code 15944. Understanding these factors helps homeowners anticipate their property tax obligations and plan their finances accordingly, ensuring they are prepared for their annual tax responsibilities.
Average New Florence Tax Bill
$1,532
Average Westmoreland County Tax Bill
$2,150
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Florence, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 15944 | $508 | $973 | $1,532 | $2,258 | $2,927 |
Source: Ownwell