Penndel, Pennsylvania Property Taxes
The median property tax rate in Penndel, PA is 2.08%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Penndel, the typical annual property tax bill reaches $4,714, exceeding the national median of $2,690. Property taxes in Penndel 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 Penndel'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 Penndel 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
Penndel, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.08%
Estimate Property Tax Bill
$4,868
Ownwell’s Penndel Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Penndel with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Penndel 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 Penndel, Pennsylvania
Property taxes in Penndel, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Penndel is 1.65%, significantly higher than both the Pennsylvania state median of 1.35% and the U.S. national median of 0.99%. Local government entities within Penndel set these rates annually, and they can vary significantly across different neighborhoods. Each year, Penndel 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 Penndel's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19047 zip code has the highest median property tax rate of 2.08%, while the same zip code also has the lowest median tax rate of 2.08%. Understanding how these cities compare with Penndel 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 Penndel Tax Rate
2.08%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Penndel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | 1.99% | 1.99% | 2.08% | 2.08% | 2.08% |
Source: Ownwell
Property Tax Assessment Values Across Penndel, Pennsylvania
In Penndel, 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 Penndel, 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 Penndel helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bill in Penndel is $4,714 in zip code 19047.
Average Penndel Assessed Value
$234,042
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 Penndel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | $140,085 | $176,596 | $234,042 | $293,138 | $372,936 |
Source: Ownwell
Property Tax Bills Across Penndel, Pennsylvania
In Penndel, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county assessor and reflects a percentage of the property's market value. Homeowners in Penndel face a median property tax rate that is competitive within the state, though it may appear higher when compared to the national median property tax rate of 0.99%. Several factors influence the tax bill, including the property's location, its assessed value, and any applicable exemptions or deductions. For instance, in Bucks County, the median home price is $234,042, and tax bills can vary significantly. At the 25th percentile, homeowners might see a tax bill around $3,602, while those in the 75th percentile could pay up to $5,983. The highest median tax bill in the area is $4,714, found in the 19047 zip code. These property taxes fund essential local services, such as public schools, infrastructure, and emergency services, directly impacting the quality of life for Penndel residents.
Average Penndel Tax Bill
$4,714
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Penndel, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | $2,900 | $3,602 | $4,714 | $5,983 | $7,723 |
Source: Ownwell