New Britain, Bucks County, Pennsylvania Property Taxes
Median New Britain, PA effective property tax rate: 1.76%, significantly higher than the national median of 1.02%, but lower than the Pennsylvania state median of 2.81%.
Median New Britain, PA home value: $260,106
Median annual New Britain, PA tax bill: $4,581, $2,181 higher than the national median property tax bill of $2,400.
How are property taxes in Bucks County calculated?
Property taxes in New Britain, PA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding New Britain’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Britain, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
New Britain, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.76%
Estimate Property Tax Bill
$4,578
$4,248
Property Tax Rates Across New Britain, Bucks County, Pennsylvania
Local government entities set tax rates, which can vary widely within a state. Each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While votes and laws are involved in setting tax rates and budgets, this is the annual process in a nutshell.
In New Britain, located in Bucks County, Pennsylvania, the effective property tax rate is notably higher than the national median of 1.02%. Pennsylvania's median property tax rate is 1.76%, which is also higher than the national average. This places New Britain among the areas with a higher tax burden compared to other regions in the country. The property tax rates in Pennsylvania can significantly impact homeowners' annual expenses, making it crucial for property owners to explore all available exemptions and appeals to potentially reduce their tax liability. Comparing New Britain's property tax rate with other cities in Pennsylvania and the U.S. highlights the importance of understanding local tax structures and seeking professional guidance to navigate them effectively.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective New Britain Tax Rate
1.76%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Bucks County Tax Rate
1.91%
Median Effective Pennsylvania Tax Rate
2.81%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across New Britain, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | 1.76% | 1.76% | 1.76% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across New Britain, Bucks County, Pennsylvania
When examining property taxes in New Britain, PA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Bucks County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Bucks County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in New Britain. For example, the median home price in New Britain is $260,106, with tax bills ranging significantly across the county. Zip code 18901 has the highest median home price at $260,106.
Property Tax Assessment Values Across New Britain, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,665
$686,862
Median New Britain Market Value
$260,106
Median Bucks County Market Value
$300,000
Median Pennsylvania Market Value
$114,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across New Britain, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | $34,894 | $223,404 | $260,106 | $376,809 | $768,170 |
Source: Ownwell
Property Tax Bills Across New Britain, Bucks County, Pennsylvania
Median New Britain Tax Bill
$4,581
Median Bucks County Tax Bill
$5,548
Median Pennsylvania Tax Bill
$3,063
Median United States Tax Bill
$2,400
Property Tax Bills Across New Britain, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18901 | $614 | $3,934 | $4,581 | $6,636 | $13,528 |
Source: Ownwell