Forest Grove, Pennsylvania Property Taxes
The median property tax rate in Forest Grove, PA is 1.48%, which is considerably higher than the national median of 0.99% but lower than the Pennsylvania state median of 2.81%. With the median home value in Forest Grove at $172,340, the typical annual property tax bill reaches $2,548, which is below the national median of $2,690. Property taxes in Forest Grove are calculated based on the tax assessed value, often lower than the market value due to exemptions like the primary residence and agricultural exemptions. Understanding Forest Grove'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 Forest Grove or another part of the city, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Forest Grove, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.48%
Estimate Property Tax Bill
$2,551
Ownwell’s Forest Grove Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Forest Grove with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Forest Grove 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 Forest Grove, Pennsylvania
Property taxes in Forest Grove, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Forest Grove is 1.48%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Forest Grove set these rates annually, and they can vary significantly across different neighborhoods. Each year, Forest Grove 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 Forest Grove's effective property tax rate to other areas in Bucks County and the national median. For comparison, the zip code 18922 in Bucks County has the highest median property tax rate of 1.48%, while the lowest median tax rate is also 1.48%. Understanding how these areas compare with Forest Grove 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 Forest Grove Tax Rate
1.48%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Forest Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18922 | 1.48% | 1.48% | 1.48% | 1.48% | 1.48% |
Source: Ownwell
Property Tax Assessment Values Across Forest Grove, Pennsylvania
In Forest Grove, 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 Forest Grove, 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. For instance, the median home price in Forest Grove is $172,340, with tax bills ranging from $2,454 at the 25th percentile to $7,917 at the 90th percentile. The highest and lowest median tax bills in the area are both $2,548, found in zip code 18922. Being aware of these valuation processes in Forest Grove helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Forest Grove, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Forest Grove Assessed Value
$172,340
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 Forest Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18922 | $77,873 | $165,958 | $172,340 | $187,234 | $535,489 |
Source: Ownwell
Property Tax Bills Across Forest Grove, Pennsylvania
In Forest Grove, property tax bills are calculated based on the assessed value of a home and the local tax rate. Homeowners in Bucks County can expect their property tax bill to be influenced by several factors, including the median home price of $172,340. The tax bill typically ranges from $2,454 at the 25th percentile to $2,768 at the 75th percentile, with some homeowners paying as much as $7,917 at the 90th percentile. The assessed value is determined by the county assessor and is intended to reflect the market value of the property. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. For comparison, the national median property tax rate is 0.99%. High property taxes can significantly impact homeowners, affecting their monthly mortgage payments and overall affordability. Understanding these factors can help homeowners in Forest Grove better anticipate their annual property tax obligations and plan their finances accordingly.
Average Forest Grove Tax Bill
$2,548
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Forest Grove, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18922 | $1,151 | $2,454 | $2,548 | $2,768 | $7,917 |
Source: Ownwell