North Wales, Bucks County, Pennsylvania Property Taxes
The median property tax rate in North Wales, PA is 1.61%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in North Wales, the typical annual property tax bill reaches $4,304, exceeding the national median of $2,690. Property taxes in North Wales 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 North Wales' property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're in the heart of North Wales 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
North Wales, Bucks County, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.61%
Estimate Property Tax Bill
$4,385
$4,069
Ownwell’s North Wales Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in North Wales with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in North Wales 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 North Wales, Bucks County, Pennsylvania
Property taxes in North Wales, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in North Wales is 1.61%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within North Wales set these rates annually, and they can vary significantly across different neighborhoods. Each year, North Wales 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 North Wales's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 19454 zip code has the highest median property tax rate of 1.61%, while the same zip code also has the lowest median tax rate of 1.61%. Understanding how these cities compare with North Wales 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 North Wales Tax Rate
1.61%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across North Wales, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | 1.61% | 1.61% | 1.61% | 1.61% | 1.61% |
Source: Ownwell
Property Tax Assessment Values Across North Wales, Bucks County, Pennsylvania
In North Wales, 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 North Wales, 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 North Wales helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in North Wales is $272,340, with tax bills ranging from $3,726 at the 25th percentile to $5,782 at the 90th percentile. The highest and lowest median tax bills in the area are both $4,304, found in zip code 19454.
Property Tax Assessment Values Across North Wales, Bucks County, Pennsylvania
Source: Ownwell
$174,468
$430,665
$686,862
Average North Wales Assessed Value
$272,340
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 North Wales, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | $225,192 | $241,383 | $272,340 | $327,952 | $359,925 |
Source: Ownwell
Property Tax Bills Across North Wales, Bucks County, Pennsylvania
In North Wales, Bucks County, PA, property tax bills are calculated based on the assessed value of a home, which is determined by local tax assessors. This assessed value is then multiplied by the local tax rate to arrive at the annual tax bill. For homeowners in North Wales, the median home price stands at $272,340. Property tax bills in this area can vary significantly, with the 25th percentile tax bill at $3,726 and the 75th percentile reaching $5,004. The 90th percentile tax bill can go as high as $5,782. The local tax rate in North Wales contributes to these figures, which are notably higher than the national median property tax rate of 0.99%. Homeowners in the 19454 zip code area experience a median tax bill of $4,304. These property taxes fund essential services such as public schools, emergency services, and infrastructure maintenance, directly impacting the quality of life for residents. Understanding these factors can help homeowners better anticipate their annual property tax obligations.
Average North Wales Tax Bill
$4,304
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across North Wales, Bucks County, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19454 | $3,478 | $3,726 | $4,304 | $5,004 | $5,782 |
Source: Ownwell