Silverdale, Pennsylvania Property Taxes
The median property tax rate in Silverdale, PA is 1.63%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Silverdale, the typical annual property tax bill reaches $4,600, exceeding the national median of $2,690. Property taxes in Silverdale 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 Silverdale'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 Silverdale 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
Silverdale, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.63%
Estimate Property Tax Bill
$4,592
Ownwell’s Silverdale Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Silverdale with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Silverdale 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 Silverdale, Pennsylvania
Property taxes in Silverdale, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Silverdale is 1.63%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Silverdale set these rates annually, and they can vary significantly across different neighborhoods. Each year, Silverdale 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 Silverdale's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the ZIP code 18962 has the highest median property tax rate of 1.63%, while the same ZIP code also has the lowest median tax rate of 1.63%. Understanding how these cities compare with Silverdale 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 Silverdale Tax Rate
1.63%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Silverdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18962 | 1.63% | 1.63% | 1.63% | 1.63% | 1.63% |
Source: Ownwell
Property Tax Assessment Values Across Silverdale, Pennsylvania
In Silverdale, 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 Silverdale, 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. The median home price in Silverdale is $281,702, with tax bills ranging from $4,273 at the 25th percentile to $5,800 at the 90th percentile. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Silverdale, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Silverdale Assessed Value
$281,702
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 Silverdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18962 | $253,617 | $261,702 | $281,702 | $342,553 | $355,234 |
Source: Ownwell
Property Tax Bills Across Silverdale, Pennsylvania
In Silverdale, Bucks County, PA, property tax bills are calculated using the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor and is intended to reflect the market value of the property. For homeowners in Silverdale, the median home price stands at $281,702. The local tax rate is then applied to this assessed value to determine the annual property tax bill. Several factors influence the final tax bill, including the property's location, size, and any applicable exemptions. In Silverdale, property tax bills can vary widely; for example, the 25th percentile tax bill is $4,273, while the 75th percentile tax bill reaches $5,593. At the 90th percentile, homeowners might pay around $5,800 annually. These figures highlight the range of property tax obligations within the community. Compared to the national median property tax rate of 0.99%, homeowners in Silverdale may find their tax bills to be relatively higher, impacting their overall housing costs significantly.
Average Silverdale Tax Bill
$4,600
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Silverdale, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18962 | $4,141 | $4,273 | $4,600 | $5,593 | $5,800 |
Source: Ownwell