New Cumberland, Pennsylvania Property Taxes
The median property tax rate in New Cumberland, PA is 2.41%, 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 Cumberland, the typical annual property tax bill reaches $3,291, exceeding the national median of $2,690. Property taxes in New Cumberland 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 Cumberland'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 Cumberland 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 Cumberland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.41%
Estimate Property Tax Bill
$3,289
Ownwell’s New Cumberland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in New Cumberland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in New Cumberland 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 Cumberland, Pennsylvania
Property taxes in New Cumberland, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in New Cumberland is 2.41%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within New Cumberland set these rates annually, and they can vary significantly across different neighborhoods. Each year, New Cumberland 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 Cumberland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 17070 zip code has both the highest and lowest median property tax rate of 2.41%. Understanding how these cities compare with New Cumberland provides valuable insights into the varying tax landscape across York County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average New Cumberland Tax Rate
2.41%
Average York County Tax Rate
3.29%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | 2.41% | 2.41% | 2.41% | 2.41% | 2.41% |
Source: Ownwell
Property Tax Assessment Values Across New Cumberland, Pennsylvania
In New Cumberland, 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 York County 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 Cumberland, 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 Cumberland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest median tax bill in the area is $3,291 in zip code 17070, which also represents the lowest median tax bill.
Property Tax Assessment Values Across New Cumberland, Pennsylvania
Source: Ownwell
$38,185
$150,108
$262,030
Average New Cumberland Assessed Value
$136,455
Average York County Assessed Value
$130,990
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | $69,635 | $112,750 | $136,455 | $181,152 | $233,540 |
Source: Ownwell
Property Tax Bills Across New Cumberland, Pennsylvania
In New Cumberland, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The median home price in the area is $136,455, and the tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence the tax bill, including the home's location, size, and any improvements made to the property. For example, in York County, the 25th percentile tax bill is $2,719, while the 75th percentile tax bill reaches $4,369, and the 90th percentile goes up to $5,631. These figures demonstrate the range of tax bills homeowners might encounter depending on their specific property characteristics. The highest and lowest median tax bills in the area are both $3,291, indicating a consistent tax rate within the zip code 17070. Compared to the national median property tax rate of 0.99%, homeowners in New Cumberland may find their tax bills slightly higher, impacting their annual financial planning and overall cost of homeownership.
Average New Cumberland Tax Bill
$3,291
Average York County Tax Bill
$4,203
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across New Cumberland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 17070 | $1,694 | $2,719 | $3,291 | $4,369 | $5,631 |
Source: Ownwell