Riegelsville, Pennsylvania Property Taxes
The median property tax rate in Riegelsville, PA is 1.49%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Riegelsville at $334,681, the typical annual property tax bill reaches $4,987, exceeding the national median of $2,690. Property taxes in Riegelsville 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 Riegelsville'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 Riegelsville or another part of Bucks County, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Riegelsville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.49%
Estimate Property Tax Bill
$4,987
Ownwell’s Riegelsville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Riegelsville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Riegelsville 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 Riegelsville, Pennsylvania
Property taxes in Riegelsville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Riegelsville is 1.49%, significantly higher than the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Riegelsville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Riegelsville 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 Riegelsville's effective property tax rate to other areas in Bucks County and the national median. For comparison, the 18077 zip code has both the highest and lowest median property tax rate of 1.49%. Understanding how these cities compare with Riegelsville 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 Riegelsville Tax Rate
1.49%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | 1.40% | 1.40% | 1.49% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Riegelsville, Pennsylvania
In Riegelsville, 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 Riegelsville, 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 Riegelsville is $334,681, with tax bills ranging from $3,618 at the 25th percentile to $7,303 at the 75th percentile. The highest and lowest median tax bill in the area is $4,987, found in zip code 18077. Being aware of these valuation processes in Riegelsville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Riegelsville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Riegelsville Assessed Value
$334,681
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 Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | $180,192 | $242,554 | $334,681 | $502,128 | $663,851 |
Source: Ownwell
Property Tax Bills Across Riegelsville, Pennsylvania
In Riegelsville, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county's property assessor, who evaluates the property's market value and applies an assessment ratio. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For homeowners in Riegelsville, the median home price is $334,681. The property tax rate in Bucks County results in a median tax bill of $4,987. For context, this is significantly higher than the national median property tax rate of 0.99%. Homeowners in the 25th percentile can expect to pay around $3,618, while those in the 75th percentile may see bills as high as $7,303. At the 90th percentile, tax bills can reach up to $9,762. These property taxes contribute to local services such as schools, infrastructure, and emergency services, directly impacting the quality of life for residents.
Average Riegelsville Tax Bill
$4,987
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Riegelsville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18077 | $2,729 | $3,618 | $4,987 | $7,303 | $9,762 |
Source: Ownwell