New Milford, Susquehanna County, Pennsylvania Property Taxes
Median New Milford, PA effective property tax rate: 3.31%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median New Milford, PA home value: $42,600
Median annual New Milford, PA tax bill: $1,391, $1,009 lower than the national median property tax bill of $2,400.
How are property taxes in Susquehanna calculated?
Property taxes in New Milford, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Milford’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Milford, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Milford, Susquehanna County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
3.31%
Estimate Property Tax Bill
$1,410
$1,308
Property Tax Rates Across New Milford, Susquehanna County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare New Milford’s effective property tax rate to other cities in Pennsylvania and the median property tax rates in Pennsylvania and the U.S.
New Milford in Susquehanna County has an effective property tax rate of 3.31%, which is significantly higher than the national median of 1.02%. This rate is also the highest and lowest in the county, reflecting a uniformity in tax rates across the area. The national median property tax bill is $2400, offering a point of comparison for homeowners evaluating their property tax expenses. These figures highlight the importance of understanding local property tax rates and how they can impact your financial planning. If you're a property owner in New Milford, this information is crucial for budgeting and potentially seeking tax appeal or exemption services.
Property Tax Rates Across New Milford, Susquehanna County, Pennsylvania
Source: Ownwell
2.88%
3.36%
3.85%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Milford Tax Rate
3.31%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Susquehanna County Tax Rate
3.31%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Milford, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18834 | 3.07% | 3.31% | 3.31% | 3.31% | 3.31% |
Source: Ownwell
Property Tax Assessment Values Across New Milford, Susquehanna County, Pennsylvania
When examining property taxes in New Milford, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Susquehanna County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Susquehanna County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Milford. For example, the median home price in New Milford is $42,600, with tax bills ranging significantly across the county. Zip code 18834 has the highest median home price at $42,600.
Property Tax Assessment Values Across New Milford, Susquehanna County, Pennsylvania
Source: Ownwell
$12,000
$49,000
$86,000
Median New Milford Market Value
$42,600
Median Susquehanna County Market Value
$40,400
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Milford, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18834 | $12,800 | $22,200 | $42,600 | $64,400 | $88,000 |
Source: Ownwell
Property Tax Bills Across New Milford, Susquehanna County, Pennsylvania
Property Tax Bills Across New Milford, Susquehanna County, Pennsylvania
Source: Ownwell
$355
$1,448
$2,541
Median New Milford Tax Bill
$1,391
Median Susquehanna County Tax Bill
$1,338
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across New Milford, Susquehanna County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18834 | $398 | $728 | $1,391 | $2,144 | $2,907 |
Source: Ownwell