Carversville, Pennsylvania Property Taxes
The median property tax rate in Carversville, PA is 1.50%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Carversville at $686,862, the typical annual property tax bill reaches $10,298, far exceeding the national median of $2,690. Property taxes in Carversville 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 Carversville'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 Carversville 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
Carversville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.5%
Estimate Property Tax Bill
$10,303
Ownwell’s Carversville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Carversville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Carversville 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 Carversville, Pennsylvania
Property taxes in Carversville, Pennsylvania, are essential for funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Carversville is 1.50%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Carversville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Carversville 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 Carversville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18913 zip code has the highest median property tax rate of 1.50%, while the same zip code also has the lowest median tax rate of 1.50%. Understanding how these cities compare with Carversville 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 Carversville Tax Rate
1.50%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Carversville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18913 | 1.50% | 1.50% | 1.50% | 1.50% | 1.50% |
Source: Ownwell
Property Tax Assessment Values Across Carversville, Pennsylvania
In Carversville, 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 Carversville, 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 Carversville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. Notably, the highest and lowest median tax bills in Carversville both amount to $10,298, specifically in the 18913 zip code.
Property Tax Assessment Values Across Carversville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Carversville Assessed Value
$686,862
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 Carversville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18913 | $397,872 | $482,367 | $686,862 | $851,942 | $1,028,936 |
Source: Ownwell
Property Tax Bills Across Carversville, Pennsylvania
In Carversville, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local government assessors. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners in Carversville, the median home price stands at $686,862. Tax bills in the area vary significantly; the 25th percentile tax bill is $7,032, while the 75th percentile tax bill reaches $12,890, and the 90th percentile tax bill is $15,426. These figures indicate that property taxes can be a substantial financial consideration for homeowners. Several factors influence the tax bill, including the home's assessed value, local tax rates, and any applicable exemptions or deductions. Compared to the national median property tax rate of 0.99%, Carversville's property taxes can be quite high, reflecting the area's property values and local tax policies. This impacts homeowners by increasing the annual cost of owning a home, making it crucial for them to budget accordingly.
Average Carversville Tax Bill
$10,298
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Carversville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18913 | $5,965 | $7,032 | $10,298 | $12,890 | $15,426 |
Source: Ownwell