Fairless Hills, Pennsylvania Property Taxes
The median property tax rate in Fairless Hills, PA is 2.01%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Fairless Hills at $229,521, the typical annual property tax bill reaches $4,609, exceeding the national median of $2,690. Property taxes in Fairless Hills 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 Fairless Hills' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of Fairless Hills 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
Fairless Hills, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$4,613
Ownwell’s Fairless Hills Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fairless Hills with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fairless Hills 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 Fairless Hills, Pennsylvania
Property taxes in Fairless Hills, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fairless Hills is 2.01%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Fairless Hills set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fairless Hills 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 Fairless Hills' effective property tax rate to other areas in Bucks County and the national median. For comparison, the zip code 19030 has the highest median property tax rate of 2.01%, while the same zip code also has the lowest median tax rate of 2.01%. Understanding how these areas compare with Fairless Hills provides valuable insights into the varying tax landscape across Bucks County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Fairless Hills Tax Rate
2.01%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fairless Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19030 | 2.01% | 2.01% | 2.01% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Fairless Hills, Pennsylvania
In Fairless Hills, 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 Bucks 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 Fairless Hills, 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 Fairless Hills helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in Fairless Hills are both $4,609, recorded in the zip code 19030.
Property Tax Assessment Values Across Fairless Hills, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Fairless Hills Assessed Value
$229,521
Average Bucks County Assessed Value
$300,000
Average Pennsylvania Assessed Value
$114,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Fairless Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19030 | $165,957 | $182,979 | $229,521 | $280,000 | $319,851 |
Source: Ownwell
Property Tax Bills Across Fairless Hills, Pennsylvania
In Fairless Hills, Bucks County, PA, property tax bills hinge on the assessed value of a home, which is determined by local assessors. This assessed value is then multiplied by the local tax rate to calculate the total property tax owed. For context, the median home price in Fairless Hills is $229,521. Homeowners in this area can expect a property tax bill ranging from $3,670 at the 25th percentile to $7,690 at the 90th percentile. The median property tax bill is notably high, at $4,609, which aligns with the highest and lowest median tax bills in the area, both recorded at the same value in zip code 19030. When compared to the national median property tax rate of 0.99%, the property tax rate in Fairless Hills tends to be higher, which can significantly impact homeowners' annual expenses. Higher property taxes can affect the affordability of homeownership, influencing both monthly mortgage payments and overall financial planning.
Average Fairless Hills Tax Bill
$4,609
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fairless Hills, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19030 | $3,329 | $3,670 | $4,609 | $6,632 | $7,690 |
Source: Ownwell