Newportville, Pennsylvania Property Taxes
The median property tax rate in Newportville, PA is 2.53%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Newportville at $238,298, the typical annual property tax bill reaches $6,038, exceeding the national median of $2,690. Property taxes in Newportville 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 Newportville'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 Newportville 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
Newportville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
2.53%
Estimate Property Tax Bill
$6,029
Ownwell’s Newportville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Newportville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Newportville 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 Newportville, Pennsylvania
Property taxes in Newportville, Pennsylvania, are essential for funding crucial local services such as public schools, road maintenance, and emergency services. The median tax rate in Newportville is 2.53%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Newportville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Newportville 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 Newportville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19056 zip code has the highest median property tax rate of 2.53%, while the same zip code also has the lowest median tax rate of 2.53%. Understanding how these cities compare with Newportville 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 Newportville Tax Rate
2.53%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Newportville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19056 | 2.53% | 2.53% | 2.53% | 2.53% | 2.53% |
Source: Ownwell
Property Tax Assessment Values Across Newportville, Pennsylvania
In Newportville, 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 Newportville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The zip code 19056 has the highest median tax bill at $6,038, while the lowest median tax bill is also $6,038.
Property Tax Assessment Values Across Newportville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Newportville Assessed Value
$238,298
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 Newportville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19056 | $161,106 | $187,447 | $238,298 | $280,798 | $295,872 |
Source: Ownwell
Property Tax Bills Across Newportville, Pennsylvania
In Newportville, Bucks County, PA, property tax bills are calculated based on the assessed value of a property, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. For homeowners, this means that the amount they owe in property taxes depends on both the value of their home and the tax rate set by local authorities. For example, with a median home price of $238,298, homeowners in Newportville can expect varying tax bills. The tax bill at the 25th percentile stands at $4,750, while at the 75th percentile, it rises to $7,115. The highest median tax bill in the area is $6,038, affecting homeowners in ZIP code 19056. These figures highlight that property taxes in Newportville can significantly impact household budgets, especially when compared to the national median property tax rate of 0.99%. Understanding these factors is crucial for homeowners planning their finances and considering the long-term costs of owning property in this region.
Average Newportville Tax Bill
$6,038
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Newportville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19056 | $4,082 | $4,750 | $6,038 | $7,115 | $7,497 |
Source: Ownwell