Holland, Pennsylvania Property Taxes
The median property tax rate in Holland, PA is 1.71%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Holland, the typical annual property tax bill reaches $7,697, exceeding the national median of $2,690. Property taxes in Holland 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 Holland'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 Holland 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
Holland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$7,713
Ownwell’s Holland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Holland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Holland 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 Holland, Pennsylvania
Property taxes in Holland, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Holland is 1.71%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Holland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Holland 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 Holland's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18966 zip code has both the highest and lowest median property tax rate of 1.71%. Understanding how these cities compare with Holland 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 Holland Tax Rate
1.71%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18966 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Holland, Pennsylvania
In Holland, 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 local authorities 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 Holland, 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 Holland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. In Holland's 18966 zip code, the median tax bill is $7697, which is the same for both the highest and lowest median tax bills. The 25th percentile tax bill is $4322, while the 75th percentile tax bill is $10667, with the 90th percentile reaching $11950.
Average Holland Assessed Value
$451,064
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 Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18966 | $249,043 | $253,298 | $451,064 | $625,107 | $700,298 |
Source: Ownwell
Property Tax Bills Across Holland, Pennsylvania
In Holland, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For instance, with a median home price of $451,064, homeowners might see tax bills ranging from $4,322 at the 25th percentile to $11,950 at the 90th percentile. Several factors influence these tax bills, including property size, location, and any applicable exemptions. Higher-valued properties naturally incur higher taxes, directly impacting homeowners' financial planning. Compared to the national median property tax rate of 0.99%, Holland's property taxes can be substantial, particularly for homes in the higher assessment brackets. This variance underscores the importance of understanding local tax rates and assessments to manage homeownership costs effectively.
Average Holland Tax Bill
$7,697
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18966 | $4,250 | $4,322 | $7,697 | $10,667 | $11,950 |
Source: Ownwell