Yardley, Pennsylvania Property Taxes
The median property tax rate in Yardley, PA is 2.11%, significantly higher than the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Yardley at $394,043, the typical annual property tax bill reaches $8,457, far exceeding the national median of $2,690. Property taxes in Yardley are calculated based on the tax assessed value, which often falls below the market value due to various exemptions such as those for primary residences and agricultural properties. Understanding Yardley'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 Yardley or another part of Bucks County, comprehending the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Yardley, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.11%
Estimate Property Tax Bill
$8,314
Ownwell’s Yardley Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Yardley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Yardley 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 Yardley, Pennsylvania
Property taxes in Yardley, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Yardley is 2.11%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Yardley set these rates annually, and they can vary across different neighborhoods. Each year, Yardley 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 Yardley's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the zip code 19067 has the highest median property tax rate of 2.11%, while the lowest median tax rate is also found in zip code 19067 at 2.11%. Understanding how these areas compare with Yardley 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 Yardley Tax Rate
2.11%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Yardley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19067 | 2.11% | 2.11% | 2.11% | 2.11% | 2.11% |
Source: Ownwell
Property Tax Assessment Values Across Yardley, Pennsylvania
In Yardley, 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 Yardley, 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. Yardley has a median home price of $394,043, with tax bills ranging from $6,272 at the 25th percentile to $13,551 at the 90th percentile. The zip code 19067 has the highest and lowest median tax bill of $8,457. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Yardley Assessed Value
$394,043
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 Yardley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19067 | $226,809 | $293,617 | $394,043 | $528,085 | $640,351 |
Source: Ownwell
Property Tax Bills Across Yardley, Pennsylvania
In Yardley, Bucks County, PA, property tax bills are calculated based on the assessed value of a home. The assessed value is determined by the local tax assessor and is a percentage of the property's market value. Homeowners in Yardley face a median property tax rate that often results in higher tax bills compared to the national median rate of 0.99%. For example, the median home price in Yardley is $394,043, and property tax bills can range significantly. At the 25th percentile, homeowners might pay around $6,272, while at the 75th percentile, the tax bill could be as high as $11,227, and at the 90th percentile, it may reach up to $13,551. The highest median tax bill in the area is noted to be $8,457, which is consistent across the zip code 19067. These property tax bills play a crucial role in funding local services such as schools, infrastructure, and emergency services, directly impacting the community's quality of life.
Average Yardley Tax Bill
$8,457
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Yardley, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19067 | $4,939 | $6,272 | $8,457 | $11,227 | $13,551 |
Source: Ownwell