Huntingdon Valley, Bucks County, Pennsylvania Property Taxes
The median property tax rate in Huntingdon Valley, PA is 1.95%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Huntingdon Valley at $340,425, the typical annual property tax bill reaches $6,636, exceeding the national median of $2,690. Property taxes in Huntingdon Valley 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 Huntingdon Valley'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 Huntingdon Valley 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
Huntingdon Valley, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.95%
Estimate Property Tax Bill
$6,638
$6,160
Ownwell’s Huntingdon Valley Property Tax Bill Calculator assists homeowners, real estate investors, and potential buyers in estimating their annual property taxes in Huntingdon Valley with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Huntingdon Valley 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 Bucks County for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Huntingdon Valley, Bucks County, Pennsylvania
Property taxes in Huntingdon Valley, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Huntingdon Valley is 1.95%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Huntingdon Valley set these rates annually, and they can vary considerably across different neighborhoods. Each year, Huntingdon Valley 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 Huntingdon Valley's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19006 zip code has the highest median property tax rate of 1.95%, while the same zip code also has the lowest median tax rate of 1.95%. Understanding how these figures compare with Huntingdon Valley 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.
Property Tax Rates Across Huntingdon Valley, Bucks County, Pennsylvania
Source: Ownwell
1.41%
1.97%
2.53%
Average Huntingdon Valley Tax Rate
1.95%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Huntingdon Valley, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | 1.95% | 1.95% | 1.95% | 1.95% | 1.98% |
Source: Ownwell
Property Tax Assessment Values Across Huntingdon Valley, Bucks County, Pennsylvania
In Huntingdon Valley, 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. 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 Huntingdon Valley helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in the area is $340,425. The highest and lowest median tax bill, both at $6,636, are found in the 19006 zip code.
Property Tax Assessment Values Across Huntingdon Valley, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,665
$686,862
Average Huntingdon Valley Assessed Value
$340,425
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 Huntingdon Valley, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $238,298 | $274,256 | $340,425 | $480,851 | $553,404 |
Source: Ownwell
Property Tax Bills Across Huntingdon Valley, Bucks County, Pennsylvania
In Huntingdon Valley, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the county's assessment office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. The median home price in Huntingdon Valley is $340,425, and homeowners can expect to pay property taxes that vary significantly based on their home's assessed value and the applicable tax rate. For instance, the 25th percentile tax bill in the area is around $5,326, while the 75th percentile tax bill reaches approximately $9,291. At the higher end, the 90th percentile tax bill can be as much as $10,788. The highest median tax bill recorded in the 19006 zip code is $6,636, which is notably higher than the national median property tax rate of 0.99%. These factors collectively influence the financial responsibilities of homeowners, making it essential for them to understand how their property taxes are calculated and how they can manage their tax liabilities effectively.
Property Tax Bills Across Huntingdon Valley, Bucks County, Pennsylvania
Source: Ownwell
$2,440
$6,369
$10,298
Average Huntingdon Valley Tax Bill
$6,636
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Huntingdon Valley, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19006 | $4,596 | $5,326 | $6,636 | $9,291 | $10,788 |
Source: Ownwell