Langhorne, Pennsylvania Property Taxes
The median property tax rate in Langhorne, PA is 2.01%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Langhorne at $325,107, the typical annual property tax bill reaches $6,538, exceeding the national median of $2,690. Property taxes in Langhorne 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 Langhorne'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 Langhorne 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
Langhorne, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.01%
Estimate Property Tax Bill
$6,535
Ownwell’s Langhorne Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Langhorne with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Langhorne 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 Langhorne, Pennsylvania
Property taxes in Langhorne, PA, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Langhorne is 2.01%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Langhorne set these rates annually, and they can vary significantly across different neighborhoods. Each year, Langhorne 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 Langhorne's effective property tax rate to other areas in Bucks County and the national median. For comparison, the 19047 zip code has the highest median property tax rate of 2.01%, while the 19053 zip code has the lowest median tax rate of 1.71%. Understanding how these areas compare with Langhorne 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 Langhorne Tax Rate
2.01%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Langhorne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | 2.01% | 2.01% | 2.01% | 2.01% | 2.01% |
| 19053 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Langhorne, Pennsylvania
In Langhorne, 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 Langhorne, 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. The median home price in Langhorne is $325,107, with tax bills ranging significantly. For instance, the highest median tax bill is $9,672 in the 19053 zip code, while the lowest is $6,538 in the 19047 zip code. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Property Tax Assessment Values Across Langhorne, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Langhorne Assessed Value
$325,107
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 Langhorne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | $178,724 | $238,298 | $325,107 | $414,043 | $476,595 |
| 19053 | $566,808 | $566,808 | $566,808 | $566,808 | $566,808 |
Source: Ownwell
Property Tax Bills Across Langhorne, Pennsylvania
In Langhorne, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. This assessed value is then multiplied by the local tax rate to calculate the annual property tax bill. Several factors influence the assessed value, including the home's market value, location, and any improvements or additions made to the property. Homeowners in Langhorne can expect varying tax bills depending on their property's assessed value. For instance, the tax bill at the 25th percentile is approximately $4,799, while at the 75th percentile, it rises to about $8,314. The 90th percentile tax bill can reach up to $9,564. The highest median tax bill in the area is $9,672 in the 19053 zip code, whereas the lowest median tax bill is $6,538 in the 19047 zip code. These property taxes significantly impact homeowners by contributing to local services such as schools, public safety, and infrastructure, thereby enhancing the community's overall quality of life.
Average Langhorne Tax Bill
$6,538
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Langhorne, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19047 | $3,599 | $4,799 | $6,538 | $8,313 | $9,564 |
| 19053 | $9,672 | $9,672 | $9,672 | $9,672 | $9,672 |
Source: Ownwell