Feasterville Trevose, Pennsylvania Property Taxes
The median property tax rate in Feasterville Trevose, PA is 1.98%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Feasterville Trevose at $265,320, the typical annual property tax bill reaches $5,227, exceeding the national median of $2,690. Property taxes in Feasterville Trevose 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 Feasterville Trevose'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 Feasterville Trevose 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
Feasterville Trevose, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.98%
Estimate Property Tax Bill
$5,253
Ownwell’s Feasterville Trevose Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Feasterville Trevose with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Feasterville Trevose 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 Feasterville Trevose, Pennsylvania
Property taxes in Feasterville Trevose, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Feasterville Trevose is 1.98%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Feasterville Trevose set these rates annually, and they can vary significantly across different neighborhoods. Each year, Feasterville Trevose 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 Feasterville Trevose's effective property tax rate to other areas in Bucks County and the national median. For comparison, the 19053 zip code has the highest median property tax rate of 1.98%, while the same 19053 zip code also has the lowest median tax rate of 1.98%. Understanding how these figures compare with Feasterville Trevose 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 Feasterville Trevose Tax Rate
1.98%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Feasterville Trevose, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | 1.98% | 1.98% | 1.98% | 1.98% | 1.99% |
Source: Ownwell
Property Tax Assessment Values Across Feasterville Trevose, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Feasterville Trevose, PA. 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 Feasterville Trevose, 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 zip code 19053 has the highest and lowest median tax bill at $5,227. 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 Feasterville Trevose, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Feasterville Trevose Assessed Value
$265,320
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 Feasterville Trevose, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | $110,639 | $195,745 | $265,320 | $337,021 | $408,511 |
Source: Ownwell
Property Tax Bills Across Feasterville Trevose, Pennsylvania
In Feasterville Trevose, Bucks County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the county assessor. This assessed value is then multiplied by the local tax rate to calculate the tax bill. For homeowners in Feasterville Trevose, the median home price is $265,320. The tax bill can vary significantly, with the 25th percentile at $3,903 and the 75th percentile at $6,576, indicating a range of property values and tax burdens. Several factors influence the tax bill, including the property's location, size, and condition. Homeowners in the zip code 19053, for instance, experience a median tax bill of $5,227, which is notably higher than the national median property tax rate of 0.99%. This higher tax rate can impact homeowners by increasing their annual expenses, making it crucial for them to understand how their property is assessed and to explore any available exemptions or appeals to potentially reduce their tax burden.
Average Feasterville Trevose Tax Bill
$5,227
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Feasterville Trevose, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | $2,192 | $3,903 | $5,227 | $6,576 | $7,953 |
Source: Ownwell