Plumsteadville, Pennsylvania Property Taxes
The median property tax rate in Plumsteadville, PA is 1.58%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Plumsteadville at $342,553, the typical annual property tax bill reaches $5,417, exceeding the national median of $2,690. Property taxes in Plumsteadville 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 Plumsteadville'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 Plumsteadville 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
Plumsteadville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.58%
Estimate Property Tax Bill
$5,412
Ownwell’s Plumsteadville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Plumsteadville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Plumsteadville 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 Plumsteadville, Pennsylvania
Property taxes in Plumsteadville, Pennsylvania, are essential in funding critical local services such as public schools, road maintenance, and emergency services. The median tax rate in Plumsteadville is 1.58%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Plumsteadville set these rates annually, and they can vary across different neighborhoods. Each year, Plumsteadville 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. Comparing Plumsteadville's effective property tax rate to other areas in Bucks County and the national median provides valuable insights into the varying tax landscape, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Plumsteadville Tax Rate
1.58%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Plumsteadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18949 | 1.58% | 1.58% | 1.58% | 1.58% | 1.58% |
Source: Ownwell
Property Tax Assessment Values Across Plumsteadville, Pennsylvania
In Plumsteadville, 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 Assessor's 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 Plumsteadville, 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 Plumsteadville helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The highest and lowest median tax bills in the area are both $5,417, found in the 18949 zip code.
Property Tax Assessment Values Across Plumsteadville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Plumsteadville Assessed Value
$342,553
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 Plumsteadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18949 | $216,936 | $297,872 | $342,553 | $651,702 | $655,021 |
Source: Ownwell
Property Tax Bills Across Plumsteadville, Pennsylvania
In Plumsteadville, Bucks County, PA, property tax bills are determined based on the assessed value of a property, which is a percentage of its market value. The median home price in the area is $342,553. Property taxes are calculated by multiplying the assessed value by the local tax rate. For instance, the tax bill at the 25th percentile is $4,710, while at the 75th percentile, it reaches $10,306. At the 90th percentile, it slightly increases to $10,358. These figures highlight the variability in tax bills depending on property values and assessment accuracy. Homeowners in Plumsteadville can expect their property tax bills to fluctuate within these ranges. The highest and lowest median tax bills in the area are both $5,417, indicating a level of consistency in the tax rates applied. Compared to the national median property tax rate of 0.99%, Plumsteadville’s rates reflect the local economic conditions and property values, significantly impacting homeowners' annual financial planning.
Average Plumsteadville Tax Bill
$5,417
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Plumsteadville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18949 | $3,431 | $4,710 | $5,417 | $10,306 | $10,358 |
Source: Ownwell