Fountainville, Pennsylvania Property Taxes
The median property tax rate in Fountainville, PA is 1.58%, notably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $393,510 in Fountainville, the typical annual property tax bill amounts to $6,234, significantly exceeding the national median of $2,690. Property taxes in Fountainville are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as primary residence and agricultural exemptions. Understanding Fountainville's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to substantial annual savings. Whether you're in the heart of Fountainville or another part of Bucks County, grasping the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Fountainville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$6,217
Ownwell’s Fountainville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Fountainville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Fountainville 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 Fountainville, Pennsylvania
Property taxes in Fountainville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Fountainville stands at 1.58%, significantly higher than the U.S. national median of 0.99%. Local government entities within Fountainville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Fountainville 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 Fountainville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 18923 has the highest median property tax rate of 1.58%, while the same zip code also has the lowest median tax rate of 1.58%. Understanding how these areas compare with Fountainville 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 Fountainville Tax Rate
1.58%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Fountainville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18923 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Fountainville, Pennsylvania
In Fountainville, 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 Fountainville, 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 Fountainville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest median tax bill in the area is $6,234 in zip code 18923, while the lowest median tax bill is also $6,234 in the same zip code.
Property Tax Assessment Values Across Fountainville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Fountainville Assessed Value
$393,510
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 Fountainville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18923 | $294,681 | $334,574 | $393,510 | $447,128 | $625,788 |
Source: Ownwell
Property Tax Bills Across Fountainville, Pennsylvania
In Fountainville, located in Bucks County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is a percentage of the market value of the property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Several factors influence the amount homeowners pay, including the property's market value, local tax rates, and any applicable exemptions or deductions. For instance, the median home price in Fountainville is $393,510, leading to varying tax bills. Homeowners in the 25th percentile pay around $5,290 annually, while those in the 75th percentile face bills closer to $7,058. At the 90th percentile, tax bills can reach up to $9,896. Compared to the national median property tax rate of 0.99%, Fountainville's rates can result in significantly higher tax bills, impacting homeowners' annual expenses and budgeting.
Average Fountainville Tax Bill
$6,234
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Fountainville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18923 | $4,659 | $5,290 | $6,234 | $7,058 | $9,896 |
Source: Ownwell