Rushland, Pennsylvania Property Taxes
The median property tax rate in Rushland, PA is 1.59%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Rushland, the typical annual property tax bill reaches $5,778, exceeding the national median of $2,690. Property taxes in Rushland 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 Rushland'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 Rushland 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
Rushland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.59%
Estimate Property Tax Bill
$5,798
Ownwell’s Rushland Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Rushland with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Rushland 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 Rushland, Pennsylvania
Property taxes in Rushland, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Rushland is 1.59%, significantly higher than the U.S. national median of 0.99%. Local government entities within Rushland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Rushland 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 Rushland's effective property tax rate to other areas in Bucks County and the national median. For comparison, the zip code 18956 has both the highest and lowest median property tax rate of 1.59%. Understanding how these areas compare with Rushland 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 Rushland Tax Rate
1.59%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Rushland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18956 | 1.58% | 1.59% | 1.59% | 1.59% | 1.59% |
Source: Ownwell
Property Tax Assessment Values Across Rushland, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Rushland, 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 Rushland, 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 Rushland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Rushland is $364,681, with the 25th percentile tax bill at $4,846 and the 75th percentile tax bill at $6,644. Notably, the highest and lowest median tax bills are both $5,778 in zip code 18956.
Average Rushland Assessed Value
$364,681
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 Rushland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18956 | $234,894 | $304,787 | $364,681 | $417,872 | $474,766 |
Source: Ownwell
Property Tax Bills Across Rushland, Pennsylvania
In Rushland, Bucks County, PA, property tax bills are determined by multiplying the assessed value of a home by the local tax rate. The assessed value is typically a percentage of the property's market value, which is periodically evaluated by the county. For instance, with a median home price of $364,681, homeowners can expect varying tax bills depending on the specific assessed value and applicable tax rate. The 25th percentile tax bill is around $4,846, while the 75th percentile reaches approximately $6,644, showcasing the range within the area. At the 90th percentile, tax bills can soar to $7,537, reflecting the upper end of the spectrum. These figures highlight how property taxes can significantly impact household budgets. When compared to the national median property tax rate of 0.99%, Rushland's property tax bills indicate a substantial financial consideration for homeowners. Understanding these factors is crucial for residents as they plan their finances and consider the long-term affordability of homeownership in Rushland.
Average Rushland Tax Bill
$5,778
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Rushland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18956 | $3,735 | $4,846 | $5,778 | $6,644 | $7,537 |
Source: Ownwell