Doylestown, Pennsylvania Property Taxes
The median property tax rate in Doylestown, PA is 1.59%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Doylestown at $417,021, the typical annual property tax bill reaches $6,538, exceeding the national median of $2,690. Property taxes in Doylestown 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 Doylestown'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 Doylestown 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
Doylestown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$6,631
Ownwell’s Doylestown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Doylestown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Doylestown 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 Doylestown, Pennsylvania
Property taxes in Doylestown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Doylestown is 1.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Doylestown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Doylestown 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 Doylestown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 18901 zip code has the highest median property tax rate of 1.59%, while the 18902 zip code has the lowest median tax rate of 1.48%. Understanding how these areas compare with Doylestown 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 Doylestown Tax Rate
1.59%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Doylestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | 1.59% | 1.59% | 1.59% | 1.61% | 1.76% |
| 18902 | 1.48% | 1.48% | 1.48% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Doylestown, Pennsylvania
In Doylestown, 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 Appraisal District 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 Doylestown, 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. For instance, the median home price in Doylestown is $417,021. Homeowners in the 18902 zip code face the highest median tax bill of $7,269, while those in the 18901 zip code have the lowest median tax bill of $5,829. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Doylestown, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Doylestown Assessed Value
$417,021
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 Doylestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | $174,468 | $251,064 | $357,873 | $492,553 | $626,234 |
| 18902 | $232,340 | $347,659 | $480,851 | $606,171 | $806,107 |
Source: Ownwell
Property Tax Bills Across Doylestown, Pennsylvania
In Doylestown, Bucks County, PA, property tax bills are calculated based on the assessed value of the property, which is determined by the county assessor. The assessed value is a percentage of the property's market value. For example, with a median home price of $417,021, the tax bill varies significantly. Homeowners in the 25th percentile can expect to pay around $4,529, while those in the 75th percentile might pay approximately $8,560. The highest median tax bill in the region is $7,269 in the 18902 zip code, whereas the lowest is $5,829 in the 18901 zip code. These tax bills are influenced by various factors, including property size, location, and any applicable exemptions. High property taxes can impact homeowners by increasing the overall cost of homeownership, potentially affecting affordability and long-term financial planning. Compared to the national median property tax rate of 0.99%, Doylestown's rates are relatively higher, reflecting the area's property values and local tax policies.
Average Doylestown Tax Bill
$6,538
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Doylestown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | $2,883 | $4,119 | $5,829 | $7,897 | $10,023 |
| 18902 | $3,645 | $5,237 | $7,269 | $9,179 | $12,145 |
Source: Ownwell