Blooming Glen, Pennsylvania Property Taxes
The median property tax rate in Blooming Glen, PA is 1.59%, considerably higher than the national median of 0.99% but still lower than the Pennsylvania state median of 2.81%. With a median home value of $212,766 in Blooming Glen, the typical annual property tax bill reaches $3,389, surpassing the national median of $2,690. Property taxes in Blooming Glen 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 Blooming Glen'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 Blooming Glen or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Blooming Glen, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$3,383
Ownwell’s Blooming Glen Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Blooming Glen with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Blooming Glen 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 Blooming Glen, Pennsylvania
Property taxes in Blooming Glen, Pennsylvania, are vital in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Blooming Glen is 1.59%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Blooming Glen set these rates annually, and they can vary significantly across different neighborhoods. Each year, Blooming Glen 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 Blooming Glen's effective property tax rate to other areas in Bucks County and the national median. For comparison, the zip code 18911 has the same median property tax rate of 1.59%. Understanding how these areas compare with Blooming Glen 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 Blooming Glen Tax Rate
1.59%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Blooming Glen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18911 | 1.59% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Blooming Glen, Pennsylvania
In Blooming Glen, 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 Blooming Glen, 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. Blooming Glen has a median home price of $212,766. The median tax bill for the area is $3,389, with the 25th percentile tax bill at $2,538 and the 75th percentile at $6,067. The highest and lowest median tax bills are both recorded at $3,389 in zip code 18911. Being aware of these valuation processes helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Blooming Glen, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Blooming Glen Assessed Value
$212,766
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 Blooming Glen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18911 | $148,936 | $159,362 | $212,766 | $380,851 | $461,702 |
Source: Ownwell
Property Tax Bills Across Blooming Glen, Pennsylvania
In Blooming Glen, located in Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is then multiplied by the local tax rate. The assessed value is determined by the county's property assessor and reflects the market value of the property. Homeowners in Blooming Glen experience varying property tax bills depending on the value of their homes and the specific tax rate applied. For instance, the median home price in Blooming Glen is $212,766. Property taxes can range significantly, with the 25th percentile tax bill at $2,538 and the 75th percentile at $6,067. For those with higher-value properties, the 90th percentile tax bill can reach up to $7,354. Comparatively, the national median property tax rate is 0.99%, which provides a benchmark for evaluating local rates. These property taxes fund essential services such as schools, public safety, and infrastructure, directly impacting the quality of life for Blooming Glen residents.
Average Blooming Glen Tax Bill
$3,389
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Blooming Glen, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18911 | $2,372 | $2,538 | $3,389 | $6,067 | $7,354 |
Source: Ownwell