Sellersville, Pennsylvania Property Taxes
The median property tax rate in Sellersville, PA is 1.60%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Sellersville, the typical annual property tax bill reaches $4,784, exceeding the national median of $2,690. Property taxes in Sellersville 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 Sellersville'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 Sellersville 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
Sellersville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.6%
Estimate Property Tax Bill
$4,618
Ownwell’s Sellersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Sellersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Sellersville 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 Sellersville, Pennsylvania
Property taxes in Sellersville, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Sellersville is 1.60%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Sellersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Sellersville 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 Sellersville's effective property tax rate to other counties in Pennsylvania and the national median. For comparison, the 18960 zip code has the highest median property tax rate of 1.60%, while the same zip code also has the lowest median tax rate of 1.60%. Understanding how these cities compare with Sellersville 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 Sellersville Tax Rate
1.60%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Sellersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | 1.58% | 1.58% | 1.60% | 1.76% | 1.76% |
Source: Ownwell
Property Tax Assessment Values Across Sellersville, Pennsylvania
In Sellersville, 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 Sellersville, 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. For instance, the median home price is $288,617, with tax bills ranging from the 25th percentile at $3,529 to the 90th percentile at $7,851. The zip code 18960 has both the highest and lowest median tax bill at $4,784. By understanding these valuation concepts, property owners can better navigate their tax responsibilities and identify opportunities for protesting assessments or applying for exemptions to effectively manage their tax burden.
Property Tax Assessment Values Across Sellersville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Sellersville Assessed Value
$288,617
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 Sellersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | $158,681 | $207,127 | $288,617 | $369,787 | $492,043 |
Source: Ownwell
Property Tax Bills Across Sellersville, Pennsylvania
Property tax bills in Sellersville, located in Bucks County, PA, are calculated based on the assessed value of a property and the local tax rate. The assessed value is determined by the county's assessment office, which evaluates the market value of the home. This assessed value is then multiplied by the local tax rate to determine the annual property tax bill. For example, with a median home price of $288,617, homeowners can expect their tax bill to vary significantly. In Sellersville, property tax bills range from the 25th percentile at $3,529 to the 90th percentile at $7,851, with a median tax bill of $4,784. This is notably higher than the national median property tax rate of 0.99%. Such high property tax bills can impact homeowners by increasing their annual housing costs, which can be a significant financial consideration when purchasing or owning a home in this region. Understanding these factors is crucial for homeowners to effectively manage their property-related expenses.
Average Sellersville Tax Bill
$4,784
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Sellersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18960 | $2,778 | $3,529 | $4,784 | $6,052 | $7,851 |
Source: Ownwell