Trumbauersville, Pennsylvania Property Taxes
The median property tax rate in Trumbauersville, PA is 1.88%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Trumbauersville at $212,765, the typical annual property tax bill reaches $4,003, exceeding the national median of $2,690. Property taxes in Trumbauersville 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 Trumbauersville'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 Trumbauersville 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
Trumbauersville, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.88%
Estimate Property Tax Bill
$4,000
Ownwell’s Trumbauersville Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Trumbauersville with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Trumbauersville 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 Trumbauersville, Pennsylvania
Property taxes in Trumbauersville, Pennsylvania, play a crucial role in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Trumbauersville stands at 1.88%, significantly higher than both the Pennsylvania state median and the U.S. national median of 0.99%. Local government entities within Trumbauersville set these rates annually, and they can vary significantly across different neighborhoods. Each year, Trumbauersville 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 Trumbauersville's effective property tax rate to other areas in Pennsylvania and the national median. For comparison, the zip code 18970 has the highest median property tax rate of 1.88%, while the same zip code also has the lowest median tax rate of 1.88%. Understanding how these cities compare with Trumbauersville 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 Trumbauersville Tax Rate
1.88%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Trumbauersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18970 | 1.88% | 1.88% | 1.88% | 1.88% | 1.88% |
Source: Ownwell
Property Tax Assessment Values Across Trumbauersville, Pennsylvania
Understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes in Trumbauersville, 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 Trumbauersville, 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. The median home price in Trumbauersville is $212,765, with tax bills ranging from $3,042 at the 25th percentile to $6,139 at the 90th percentile. The zip code with both the highest and lowest median tax bill is 18970, with a median tax bill of $4,003. 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 the tax burden.
Property Tax Assessment Values Across Trumbauersville, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Trumbauersville Assessed Value
$212,765
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 Trumbauersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18970 | $156,596 | $161,702 | $212,765 | $266,755 | $326,404 |
Source: Ownwell
Property Tax Bills Across Trumbauersville, Pennsylvania
In Trumbauersville, Bucks County, PA, property tax bills are calculated based on the assessed value of a home and the local tax rate. The assessed value is determined by the county assessor's office and is a percentage of the property's market value. Homeowners in Trumbauersville experience a median property tax bill of $4,003, which is significantly higher than the national median property tax rate of 0.99%. Factors influencing the tax bill include the property's assessed value, local tax rates, and any applicable exemptions or deductions. For example, homes in the 25th percentile have tax bills around $3,042, while those in the 75th percentile face bills up to $5,019. The highest tax bills, found in the 90th percentile, can reach $6,139. These variations can significantly impact homeowners, particularly when budgeting for annual expenses. Higher property tax bills can reflect better-funded local services, but they also mean homeowners must allocate more of their income to cover these costs.
Average Trumbauersville Tax Bill
$4,003
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Trumbauersville, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 18970 | $2,946 | $3,042 | $4,003 | $5,019 | $6,139 |
Source: Ownwell