Levittown, Pennsylvania Property Taxes
The median property tax rate in Levittown, PA is 2.05%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With a median home value of $200,000 in Levittown, the typical annual property tax bill reaches $4,577, exceeding the national median of $2,690. Property taxes in Levittown 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 Levittown'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 Levittown 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
Levittown, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.05%
Estimate Property Tax Bill
$4,100
Ownwell’s Levittown Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Levittown with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Levittown 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 Levittown, Pennsylvania
Property taxes in Levittown, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Levittown is 2.05%, which is significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Levittown set these rates annually, and they can vary significantly across different neighborhoods. Each year, Levittown 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 Levittown's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the 19055 zip code has the highest median property tax rate of 2.53%, while the 19054 zip code has the lowest median tax rate of 2.01%. Understanding how these areas compare with Levittown 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 Levittown Tax Rate
2.05%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Levittown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19054 | 2.01% | 2.01% | 2.01% | 2.01% | 2.29% |
| 19055 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
| 19056 | 2.01% | 2.01% | 2.01% | 2.01% | 2.53% |
| 19057 | 2.01% | 2.01% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Levittown, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Levittown, 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 Levittown, 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 Levittown is $200,000, with tax bills ranging from $4,114 at the 25th percentile to $6,038 at the 90th percentile. Notably, the highest median tax bill is $5,056 in zip code 19056, while the lowest is $4,099 in zip code 19054. 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 Levittown, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Levittown Assessed Value
$200,000
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 Levittown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19054 | $170,212 | $182,978 | $200,000 | $225,532 | $272,340 |
| 19055 | $161,703 | $174,468 | $187,234 | $207,447 | $228,990 |
| 19056 | $185,958 | $204,256 | $237,340 | $291,489 | $323,404 |
| 19057 | $161,702 | $174,468 | $194,256 | $217,021 | $242,446 |
Source: Ownwell
Property Tax Bills Across Levittown, Pennsylvania
In Levittown, Bucks County, PA, property tax bills are determined by assessing the market value of a home and applying the local tax rate. Homeowners in this area experience property tax bills influenced by several factors, including the assessed value of their property and the specific tax rate set by local authorities. For instance, with a median home price of $200,000, the tax bill can vary significantly. The 25th percentile tax bill stands at $4,114, while the 75th percentile reaches $5,211, and the 90th percentile goes up to $6,038. Comparatively, the highest median tax bill in the area is $5,056 in the 19056 zip code, while the lowest is $4,099 in the 19054 zip code. These variations reflect the differing assessed values and tax rates within the region. Homeowners in Levittown need to be aware that their property tax bills can significantly impact their annual expenses, often exceeding the national median property tax rate of 0.99%. Properly understanding these factors can help homeowners manage their financial planning more effectively.
Average Levittown Tax Bill
$4,577
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Levittown, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19054 | $3,414 | $3,743 | $4,099 | $4,694 | $5,642 |
| 19055 | $4,097 | $4,357 | $4,736 | $5,187 | $5,741 |
| 19056 | $4,114 | $4,529 | $5,056 | $5,913 | $6,578 |
| 19057 | $3,876 | $4,173 | $4,529 | $5,030 | $5,677 |
Source: Ownwell