Zionhill, Pennsylvania Property Taxes
The median property tax rate in Zionhill, PA is 1.51%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Zionhill, the typical annual property tax bill reaches $3,787, exceeding the national median of $2,690. Property taxes in Zionhill 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 Zionhill'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 Zionhill 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
Zionhill, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.51%
Estimate Property Tax Bill
$3,797
Ownwell’s Zionhill Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Zionhill with just two data points. Simply enter your property's estimated assessed value, and the calculator will use the median tax rate in Zionhill to estimate your property tax bill. This valuable tool provides clarity on potential tax liabilities, helping you make informed financial decisions. For those interested in more detailed trends at the neighborhood level, additional localized information is available. Your property’s assessed value, determined by the county, is used for property tax calculations and takes into account any applicable exemptions.
Property Tax Rates Across Zionhill, Pennsylvania
Property taxes in Zionhill, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Zionhill is 1.51%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Zionhill set these rates annually, and they can vary significantly across different neighborhoods. Each year, Zionhill 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 Zionhill's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18981 zip code has the highest median property tax rate of 1.51%, while the same zip code also has the lowest median tax rate of 1.51%. Understanding how these cities compare with Zionhill 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 Zionhill Tax Rate
1.51%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Zionhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18981 | 1.51% | 1.51% | 1.51% | 1.51% | 1.51% |
Source: Ownwell
Property Tax Assessment Values Across Zionhill, Pennsylvania
In Zionhill, 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 Zionhill, 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 Zionhill helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code with the highest median tax bill is 18981, with a tax bill of $3,787.
Average Zionhill Assessed Value
$251,490
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 Zionhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18981 | $217,107 | $230,000 | $251,490 | $276,809 | $292,000 |
Source: Ownwell
Property Tax Bills Across Zionhill, Pennsylvania
Property tax bills in Zionhill, Bucks County, PA are calculated based on the assessed value of a property, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. In Zionhill, homeowners face varying tax bills depending on the value of their property. For instance, the 25th percentile tax bill is $3,463, while the 75th percentile tax bill is $4,168, and the 90th percentile tax bill reaches $4,397. These figures are notably higher than the national median property tax rate of 0.99%, reflecting the relatively high property values in the area. With a median home price of $251,490, homeowners in Zionhill can expect to pay a significant amount in property taxes, which can impact their overall housing affordability. Understanding these factors is crucial for homeowners and potential buyers in managing their financial planning and budgeting effectively.
Average Zionhill Tax Bill
$3,787
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Zionhill, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18981 | $3,269 | $3,463 | $3,787 | $4,168 | $4,397 |
Source: Ownwell