Upper Holland, Pennsylvania Property Taxes
The median property tax rate in Upper Holland, PA is 1.71%, considerably higher than both the national median of 0.99% and the Pennsylvania state median of 2.81%. With the median home value in Upper Holland at $400,000, the typical annual property tax bill reaches $6,825, exceeding the national median of $2,690. Property taxes in Upper Holland are calculated based on the assessed value, which typically falls below the market value due to various exemptions like the primary residence and agricultural exemptions. Understanding Upper Holland'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 Upper Holland 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
Upper Holland, Pennsylvania Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.71%
Estimate Property Tax Bill
$6,840
Ownwell’s UPPER HOLLAND Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in UPPER HOLLAND with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in UPPER HOLLAND 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 Upper Holland, Pennsylvania
Property taxes in Upper Holland, Pennsylvania, are crucial for funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Upper Holland is 1.71%, significantly higher than the U.S. national median of 0.99%. Local government entities within Upper Holland set these rates annually, and they can vary significantly across different neighborhoods. Each year, Upper Holland 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 Upper Holland's effective property tax rate to other areas in Bucks County and the national median. For comparison, the 19053 zip code has the highest median property tax rate of 1.71%, while the 19053 zip code also has the lowest median tax rate of 1.71%. Understanding how these cities compare with Upper Holland 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 Upper Holland Tax Rate
1.71%
Average Bucks County Tax Rate
1.91%
Average Pennsylvania Tax Rate
2.81%
Average United States Tax Rate
0.99%
Property Tax Rates Across Upper Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | 1.71% | 1.71% | 1.71% | 1.71% | 1.71% |
Source: Ownwell
Property Tax Assessment Values Across Upper Holland, Pennsylvania
In Upper Holland, 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 Upper Holland, 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 Upper Holland helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden. The median home price in Upper Holland is $400,000, with median tax bills ranging from $5,159 at the 25th percentile to $12,373 at the 90th percentile. The highest and lowest median tax bills are both $6,825 in zip code 19053.
Property Tax Assessment Values Across Upper Holland, Pennsylvania
Source: Ownwell
$172,340
$489,787
$807,234
Average Upper Holland Assessed Value
$400,000
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 Upper Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | $264,936 | $302,340 | $400,000 | $530,638 | $725,106 |
Source: Ownwell
Property Tax Bills Across Upper Holland, Pennsylvania
In Upper Holland, Bucks County, PA, property tax bills are calculated based on the assessed value of a home. The local government determines this value, which is then multiplied by the property tax rate to calculate the total tax bill. The median home price in Upper Holland is $400,000, which provides a baseline for understanding typical tax obligations in the area. Factors influencing the tax bill include the assessed value of the property and any applicable exemptions or deductions. For example, the 25th percentile tax bill is $5,159, while the 75th percentile tax bill reaches $9,055, indicating a range of tax burdens depending on property values and specific circumstances. The highest median tax bill in the area is $6,825, which is notably higher than the national median property tax rate of 0.99%. Homeowners in Upper Holland should be aware of these variables as they significantly impact annual financial planning. Understanding how these factors interplay can help homeowners anticipate their property tax obligations and manage their finances more effectively.
Average Upper Holland Tax Bill
$6,825
Average Bucks County Tax Bill
$5,548
Average Pennsylvania Tax Bill
$3,063
Average United States Tax Bill
$2,690
Property Tax Bills Across Upper Holland, Pennsylvania
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 19053 | $4,521 | $5,159 | $6,825 | $9,055 | $12,373 |
Source: Ownwell